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Porter Hayden, AIG Insurers Ink $15M Asbestos Coverage Deal

By Caroline Simson (November 20, 2014, 8:17 PM EST) -- Defunct Porter Hayden Co. sought approval Thursday for a $15 million settlement of its asbestos injury coverage dispute with two American International Group Inc. insurers, telling a Maryland federal judge the deal will shield the insurers from future litigation over the asbestos claims and immediately benefit claimants....

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