Travelers Boosts Asbestos Reserve To $3.4 B

Travelers Property Casualty Corp. announced on Jan. 14 that it has increased its asbestos reserves by $2.45 billion to $3.4 billion after reviewing the company's recently completed asbestos study.

The study involved an extensive review and assessment of Hartford, Conn.-based Travelers' exposure to asbestos losses, including its recent claims experience and industrywide trends, the company said.

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