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Westmoreland Coal Company (AMEX: WLB) reported today that it has reached agreement with the 1974 United Mine Workers of America Retirement Plan ("1974 Plan") to settle the Company's withdrawal obligations resulting from the termination of its last covered operations in the Eastern United States in 1995.
AER's CPL/E&O policy protects against pollution liability for gradual as well as sudden and accidental third-party environmental liabilities arising out of the covered operations of the insured.
Toll revenues have not covered operations in recent years, requiring increasing deficiency make-up payments from the district.