Wis. Court Ups AIG Defense Costs In Coca-Cola Asbestos Row

Law360, New York (October 29, 2013, 4:28 PM EDT) -- A Wisconsin appeals court's Tuesday ruling increases the share of defense costs that American International Group Inc. units must shoulder in more than 200,000 asbestos suits targeting a Coca-Cola Co. subsidiary, which successfully argued that the insurers must pay simultaneously, not sequentially.

The coverage dispute stems from a slew of suits over injuries and deaths caused by asbestos in the packaged boilers that Coca-Cola unit Cleaver-Brooks Inc. manufactured. The company expects more asbestos suits in the future, according to the decision.

AIU Insurance Co. Inc., Lexington...
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