Bayer is suing insurance giant AIG, alleging decades-old insurance policies should have helped cover billions of dollars in legal costs from Roundup and PCB cases now being shouldered by the German company.

In the suit, Bayer alleges that AIG and subsidiaries have refused “to honor their contractual obligations to provide insurance coverage for numerous lawsuits filed against Monsanto,” the firm bought by Bayer in 2018.

“Thus far, more than 56,000 lawsuits have been filed against Monsanto by more than 149,000 plaintiffs,” the suit says. “At present, approximately 50,000 of those lawsuits remain pending. Thousands of additional lawsuits may be filed against Monsanto in the future.”

The new lawsuit focuses on insurance coverage that it says Monsanto purchased from AIG decades ago. In rece

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