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.

Included within these agreements, Equitas noted, are comprehensive settlements with Kaiser Aluminum Corp. based in Foothill Ranch, Calif. for $137 million, a $33 million agreement with Crane Company in Stamford, Conn., and a $20 million settlement with Congoleum Corp., based in Mercerville, N.J.

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