Goodyear, insurers settle environmental cover dispute

AKRON, Ohio-A group of general liability insurers has agreed to pay Goodyear Tire & Rubber Co. $159 million to settle an environmental coverage dispute with the company, Goodyear has reported in a filing to securities regulators.

The settlement covers environmental property damage and some bodily injury claims, Goodyear reported in an 8-K filing to the Securities and Exchange Commission Monday. The insurers have agreed to pay the settlement in installments over 15 months, Goodyear reports.

Under other provisions of the settlement, Goodyear agreed to release the insurers…

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