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.

Law360 UK

UK Financial Services

Read Our Latest UK Legal News & Analysis

Financial Services Law360 UK and Insurance Law360 UK provide breaking news and in-depth analysis on U.K. and European Union regulation, enforcement, legislation, and litigation involving banks, investment firms, insurers, and more.