Hello Jonos.
The figure you quote for phase to phase insulation resistance is very low and makes me suspect that the motor has suffered, or is in immediate danger of suffering from a phase to phase short. Particularly as you say the other 2 readings are good. We specify a minimum figure of 10megs for IR, both to earth and between phases. Any lower and we will advise our customers on a full rewind. There are 3 other static electrical tests you can perform although you will require specalist equipment that usualy only well equiped repair shops have. Phase resistance, measured with a low value ohmeter or a ductor, should be balanced across the phases. A high voltage flash test to earth and between phases, although I would not reccomend this on account of the low IR as it will almost certainly breakdown what little resistance remains. Finaly surge testing which will identify any breakdown in the isulation even a single turn to turn short.