NU Online News Service, Aug. 26, 2:48 p.m. EDT

For eight years United States Fidelity & Guaranty Company (USF&G), now part of Travelers Cos., had been looking to recoup from reinsurers about half of a $987 settlement with an asbestos policyholder.

Late last week New York Supreme Court Justice Richard Lowe said Travelers is entitled to receive about $262.3 million plus interest from a group of reinsurers.

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Litigation
Reinsurance