Fluor Corp. has had trouble with asbestos litigation. The engineering and construction company never made products incorporating the cancer-causing mineral, but because it was involved in projects where it was present decades ago, it has been sued for millions by people suffering from its ill effects. Fluor entities were facing about 2,500 asbestos-related suits in the U.S. as of last year.
The company staved off the financial toll of the litigation through a general liability policy from its long-time insurer, Hartford Accident & Indemnity Co. That is, until 2009, when Hartford decided that it no longer wanted foot the bills and that the law was finally in its favor with a recent California Supreme Court ruling.
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