Allstate, Newmont Settle Over Uranium Mine Cleanup

Law360, New York (May 23, 2011, 5:55 PM EDT) -- Mining giant Newmont USA Ltd. on Monday settled claims against Allstate Insurance Co. and Seaton Insurance Co. in a coverage dispute over the cleanup of hazardous substances from a former uranium mine in Washington state.

Newmont and subsidiary Dawn Mining Co. LLC also reached a settlement with Appalachian Insurance Co. and a settlement in principle with Employers Insurance Co. of Wausau, according to court documents.

Notices of settlement have been streaming in since Newmont filed an amended complaint in March 2010 accusing 17 insurance companies of...
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