Century On Hook For Caterpillar Asbestos Defense

Law360, Washington (November 2, 2011, 5:19 PM EDT) -- Century Indemnity Co. must pay Caterpillar Inc.'s costs for defending thousands of asbestos injury claims from 2005 through 2008, likely to amount to tens of millions of dollars, an Illinois judge ruled Friday.

Caterpillar sued Century in April 2004, seeking to enforce its general liability insurance coverage with Century with respect to the third-party asbestos liability claims. Century acknowledged that its liability policies provide insurance coverage for asbestos claims, but nevertheless refused to defend or indemnify Caterpillar, the complaint said.

Judge David J. Dubicki ruled that...
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