Archaeology Produces Coverage for Automotive Manufacturers Toxic Tort Claims

Two of the world’s largest automotive manufacturers were beset with asbestos exposure claims related to clutch and brake pads. Arcina located product liability policies and general liability policies dating back to the earliest first days of production in the U.S. market for both companies. The policies had been placed in the global insurance markets. Long-standing relationships and knowledge of the global marketplace enabled Arcina to recover nearly 100% of the historical insurance for both companies. Following the successful negotiations of cost share agreements, these insurance programs covered the defense fees and indemnity payments of over $40 million.