Equitas, the Lloyd's of London runoff operation, announced todayit had agreed to settle policyholder asbestos claims from KaiserAluminum and five other U.S.-based manufacturers for $300million.
The agreements, according to Equitas, bring the number of majordirect asbestos settlements it has concluded to 35 and involvepaying more than $2.9 billion.
Included within these agreements, Equitas noted, arecomprehensive settlements with Kaiser Aluminum Corp. based inFoothill Ranch, Calif. for $137 million, a $33 million agreementwith Crane Company in Stamford, Conn., and a $20 million settlementwith Congoleum Corp., based in Mercerville, N.J.
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