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July 23, 2014

In The News Today – July 23, 2014

The 2nd U.S. Circuit Court of Appeals in New York ruled that Travelers Companies should pay more than $500 million “to satisfy asbestos-related claims stemming from its coverage of policyholder Johns-Manville Corp,” reversing a lower court ruling. According to the ruling, U.S. District Judge John Koeltl “erred in February 2012 when he concluded that the relevant conditions requiring payment had not been satisfied.” (Reuters)

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