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Insurers Lose Appeal Over Ill. Tool Toxic Tort Defense

By Lance Duroni ( January 14, 2015, 4:12 PM EST) -- Three insurers are still on the hook to defend Illinois Tool Works Inc. against thousands of lawsuits claiming injuries from welding products that contained asbestos and other harmful substances, an Illinois appeals court ruled Tuesday, saying it doesn't matter that the underlying claims against the company are likely unfounded....

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