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Risk & Insurance, June, 2005
Equitas has announced that it will pay The Goodyear Tire & Rubber Company $22 million in an insurance settlement for asbestos and pollution related claims filed by the tire maker. Equitas will also place $39 million into a trust fund that can be used to reimburse Goodyear for costs it incurs in the future to resolve certain asbestos claims. The terms of the April settlement are confidential.
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