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This federally reinsured MPCI program is offered under the supervision of the Risk Management Agency (RMA) of the United States Department of Agriculture. The $22 million will be paid by Lloyd's Underwriters reinsured by Equitas Limited in the second quarter of 2005. This Equitas agreement settles all asbestos claims by Halliburton and its subsidiaries involved in the Chapter 11 plan, against certain underwriters at Lloyd's that were reinsured by Equitas, the runoff vehicle for the market's pre-1993 liabilities. |
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