Travelers settles asbestos case for $449 million

07/9/2007 | PropertyCasualty360 · Wall Street Journal, The

The Travelers will settle its asbestos case with ACandS for $449 million. ACandS installed insulation with asbestos from 1958 to 1974 and was insured by Travelers. Company officials say the insurer will pay its share of the claim with funds set aside for that purpose. Part of the claim will be paid by reinsurers.

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PropertyCasualty360 · Wall Street Journal, The

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