Continental Denies Liability For Studebaker Cleanup Costs

Law360, New York (June 20, 2012, 8:10 PM EDT) -- The Continental Casualty Co. on Tuesday filed a lawsuit claiming it is not obligated to provide coverage for environmental cleanup costs around the old Studebaker Corp. motor works in South Bend, Ind., until a $5 million policy from Hartford Insurance Co. is exhausted.

In a declaratory judgment suit filed in federal court in Indiana, the excess insurer said it shouldn't be required to cover companies that are being sued by the city of South Bend to remediate the 38-acre Oliver Plow Works Site, part of the...
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