U.S. Circuit Court overturns asbestos arbitration

A U.S. Circuit Court of Appeals has voided a 2003 arbitration ruling in favor of St. Paul Travelers Cos. that was one of the country's largest asbestos cases. The St. Paul, Minn.-based company could now be liable for $2.8 billion in asbestos-related bodily injury claims against ACandS under insurance policies, industry sources said.

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Pioneer Press (St. Paul, Minn.) · Business Insurance (tiered subscription model)

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