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Equitas Settles 6 Asbestos Claims For $300 Million

Equitas, the Lloyd's of London runoff operation, announced today it had agreed to settle policyholder asbestos claims from Kaiser Aluminum and five other U.S.-based ...

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Equitas, the Lloyd’s of London runoff operation, announced today it had agreed to settle policyholder asbestos claims from Kaiser Aluminum and five other U.S.-based manufacturers for $300 million.

The agreements, according to Equitas, bring the number of major direct asbestos settlements it has concluded to 35 and involve paying more than $2.9 billion.

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