Parker Hannifin Sues Insurers To Cover 47 Asbestos Suits

Law360, Chicago (October 3, 2012, 3:58 PM EDT) -- Industrial equipment maker Parker Hannifin Corp. sued National Union Fire Insurance Co. of Pittsburgh, Pa., and a slew of other insurers in Ohio federal court Tuesday, demanding that they reimburse its defense and indemnity costs in 47 lawsuits over alleged asbestos exposure from aircraft parts.

In its complaint, which also targets AXA SA, Navigators Insurance Co. and ACE European Group Ltd., Parker Hannifin alleges it is owed coverage under three aviation products liability insurance policies issued by the various insurers that carried a combined $540 million...
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