OneBeacon Sues Kone, Liberty Mutual Over Asbestos Coverage

Law360, Chicago (December 3, 2012, 1:28 PM EST) -- OneBeacon America Insurance Co. sued elevator company Kone Inc. and Liberty Mutual Insurance Co. in Illinois state court Friday, alleging Liberty breached its duty to help defend Kone in an underlying asbestos suit.

OneBeacon is looking to limit its own coverage obligations in a California state court lawsuit targeting Kone, partly as an alleged successor to Montgomery Elevator Co., and others brought by John Nichol, who alleges the defendants caused him bodily injury and emotional distress due to his exposure to asbestos-containing products between roughly 1961...
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