Liability Risk and Insurance
RSA settle asbestos suit
Another asbestos settlement, this time between
Royal & SunAlliance (RSA) and Cape, a building materials and insulation company. Cape had sued RSA over payment of claims brought by former employees
of Andersons Insulation, a company bought by Cape in 1963. Andersons had been insured by Royal Insurance, a predecessor of
RSA. Cape paid £21m in 2001 in a settlement to compensate South African miners for asbestos-related diseases. No details were
given of the RSA settlement.