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BUSINESS
August 12, 1995 | Times Staff and Wire Reports
Settlement OKd for Insurer of Implant Maker: A federal bankruptcy judge approved the settlement that will have one of Dow Corning Corp.'s largest insurers pay $107.5 million into a fund for women injured by breast implants. The deal among Dow Corning, Hartford Accident & Indemnity Co. and lawyers for implant recipients is part of the $4.25-billion fund designed to pay claims to women who say they were harmed by silicone implants.
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BUSINESS
August 12, 1995 | Times Staff and Wire Reports
Settlement OKd for Insurer of Implant Maker: A federal bankruptcy judge approved the settlement that will have one of Dow Corning Corp.'s largest insurers pay $107.5 million into a fund for women injured by breast implants. The deal among Dow Corning, Hartford Accident & Indemnity Co. and lawyers for implant recipients is part of the $4.25-billion fund designed to pay claims to women who say they were harmed by silicone implants.
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CALIFORNIA | LOCAL
May 27, 1989
In a highly unusual Los Angeles federal court jury verdict, an insurance company has won a $4.5-million punitive judgment against a client after claiming that the client had acted in bad faith. Hartford Accident & Indemnity Co. was awarded the damages against Mercedes-Benz of North America Inc., which had filed a suit against the insurer for having delayed payments on a claim involving the pilfering of auto parts at the company's La Mirada distribution center. Hartford, in its counterclaim, charged Mercedes with bad faith and fraud for concealing information about the auto company's losses.
BUSINESS
March 21, 1995
A Chatsworth firm won a key court ruling against its insurance company last month in federal court in Los Angeles, which forced the insurer to pay for defense costs and damages in a trade-secret misappropriation lawsuit. The local firm, Sentex Systems Inc., was a start-up manufacturer of commercial and residential security systems in 1990, when a larger rival, Electronic Security Services Inc., filed suit against it.
NEWS
December 1, 1989 | PHILIP HAGER, TIMES STAFF WRITER
Entering a far-reaching, high-stakes environmental dispute, the state Supreme Court agreed Thursday to decide whether the costs of government-mandated toxic cleanups must be paid by polluters or by their insurers. The justices, in a brief order, said they will review one of at least 17 cases that are pending in the California courts raising an issue that has resulted in sharply conflicting rulings by state appellate panels.
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