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Reinsurer Says AIG Unit On Its Own For $262M Asbestos Deal

By Stewart Bishop (October 27, 2015, 4:52 PM EDT) -- Transatlantic Reinsurance Co. on Tuesday asked a New York judge to find it does not have to cover part of an American International Group Inc. unit's $262 million settlement of asbestos litigation, claiming the lack of proper notification of the deal negates the reinsurer's liability to the insurer. ...

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