Appeals Court Rules in Favor of Glidden Co. in Insurance Coverage Dispute Over Lead Paint
CLEVELAND - On December 18, 2004, Cleveland's Plain Dealer reported that an Ohio appeals court ruled in favor of Glidden Co. in an insurance coverage dispute. According to the newspaper's report, the state court said that the paint company is still covered despite the fact that the insurers claimed they no longer provided coverage for lead paint lawsuits.
The 8th Ohio District Court of Appeals ruled that the Glidden Co., a unit of Imperial Chemical Industries, is entitled to continued insurance coverage from Lumbermens Mutual Casualty Co. Lumbermens and four other insurance companies filed a lawsuit in federal court in 2000 saying that they no longer insured Glidden. The companies claimed that insurance coverage had lapsed when Glidden was sold to ICI in 1986. Glidden does business as ICI Paints, a Cleveland-based division of Imperial Chemicals.