GM Loses Asbestos Claims Case To U.K. Insurer

Law360, New York (January 23, 2007, 12:00 AM EST) -- In a setback for General Motors Corp., a United States Court has dismissed a $900 million claim against insurance company Royal & Sun Alliance Insurance Group Plc brought by the troubled auto company for asbestos-related damages.

The lawsuit, filed in 2005 in a circuit court in Michigan, claims that Royal & Sun breached its contract with GM when it failed to pay legal liabilities from asbestos-related personal injury and property damage claims.

Asbestos, which has been shown to cause lung scarring and cancer if inhaled, was...
To view the full article, register now.