The Michigan Circuit Court has thrown out General Motors' claim against Royal & SunAlliance in respect of asbestos and environmental liabilities.
R&SA has welcomed the court's ruling. In a statement, the insurer said: “The Court's decision to dismiss the complaint against Royal & SunAlliance USA confirms R&SA's long-held resolve that GM's claim was without foundation.”
General Motors had filed a lawsuit in January 2005, alleging that R&SA refused to pay claims for personal injury claims relating to asbestos.
GM also alleged that R&SA would not pay out on property damage associated with environmental contamination.
Investors reacted favourably to the ruling, with R&SA's share price rising to 164.25p as of 12.30pm.
The 2025 Insurance Times Awards took place on the evening of Wednesday 3rd December in the iconic Great Room of London’s Grosvenor House.
Hosted by comedian and actor Tom Allen, 34 Gold, 23 Silver and 22 Bronze awards were handed out across an amazing 34 categories recognising brilliance and innovation right across the breadth of UK general insurance.
Hosted by comedian and actor Tom Allen, 34 Gold, 23 Silver and 22 Bronze awards were handed out across an amazing 34 categories recognising brilliance and innovation right across the breadth of UK general insurance.
Many congratulations to all the worthy winners and as always, huge thanks to our sponsors for their support and our judges for their expertise.
