Insurers To Contribute $1.7B To PPG Asbestos Settlement
More than three dozen property-casualty insurers will contribute $1.7 billion to a $2.7 billion asbestos liability settlement, representatives of Pittsburgh-based PPG Industries said last week.
PPG announced that the company, most of its insurers, and representatives of asbestos claimants reached an agreement to settle all current and future personal injury claims against PPG and Pittsburgh Corning for asbestos products manufactured, distributed or sold by the companies.
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