California AG announces deal over Lloyd’s dispute
Attorney General Bill Lockyer has announced that he has reached several landmark agreements which require Lloyd's of London and 15 other defendant insurers to pay the State of California approximately $93m to settle insurance claims for cleanup damages at the Stringfellow Hazardous Waste Site.
According to the attorney General’s office the Lloyd's settlement, representing $49m of the total amount, is particularly significant because Lloyd's was one of the state's major insurers, and theOnly users who have a paid subscription or are part of a corporate subscription are able to print or copy content.
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