Travelers Sets Huge Asbestos Reserve
NU Online News Service, Jan. 14, 12:23 p.m. EST?Travelers Property Casualty Corp. announced it has boosted its asbestos reserves by $2.45 billion to $3.4 billion following the completion of its previously announced asbestos study.
The study involved an extensive review and assessment of Hartford, Conn.-based Travelers' exposure to asbestos losses, including company's recent claims experience and industry-wide trends.
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