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GM's Insurers Must Prorate Asbestos Coverage: Del. Panel

Law360 (July 10, 2018, 10:01 PM EDT) -- The Delaware Supreme Court Tuesday affirmed a ruling that excess insurers OneBeacon Insurance Co. and Continental Casualty Co. must share on a prorated basis coverage of tens of thousands of asbestos injury claims against prebankruptcy General Motors Corp.

The panel rejected arguments by the trust handling some of the auto giant’s pre-bankruptcy insurance claims that the trial court erred when it found under the language of the policies the insurers owed coverage proportional to the time their policies were in place rather than being liable for...
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