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Colgate Can't Sue Reinsurers In Asbestos Case, NY Court Says

By Emily Field (October 29, 2014, 1:48 PM EDT) -- A New York state appellate court on Tuesday tossed Colgate-Palmolive Co.'s claims against reinsurers National Indemnity Co. and Resolute Management Inc. in a countersuit seeking OneBeacon America Insurance Co.'s coverage of legal fees in underlying asbestos lawsuits, finding that Colgate had no contractual relationship with the reinsurers....

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