The Travelers Companies Inc. announced today that it has settled all current and future asbestos-related–contaminated fibrous minerals–coverage claims against Travelers and its subsidiaries relating to ACandS Inc.

"ACandS has been one of our most significant and longest-standing asbestos exposures," said Jay S. Fishman, Travelers chairman and chief executive officer.

"Eliminating the uncertainty inherent in this litigation makes this a very good outcome for our company and our shareholders," he added.

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