Washington — The U.S. Supreme Court has agreed to consider a case with major implications for insurance companies.

The justices will weigh two related cases that have been consolidated into one, The Travelers Indemnity Co. v. Bailey, 08-295, and Common Law Settlement Counsel v. Bailey, 08-307. The dispute arises from a rash of asbestos-related lawsuits Travelers incurred as a result of its coverage of asbestos maker Johns Manville Corp.

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