Timken Wants Travelers Unit To Cover $5M In Ponzi Losses
By Lana Birbrair ( November 8, 2011, 7:59 PM EST) -- A Travelers Companies Inc. subsidiary went to Ohio federal court Friday to fight a dispute with steel and bearings maker Timken Co. over the insurer's alleged refusal to pay $5 million in crime-loss coverage for $50 million in losses Timken sustained in an investment Ponzi scheme....
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