3M Co. received $35 million from four insurers in July to settle breast implant lawsuits, the company announced late last week.
The claims stem from a 2003 Minnesota Supreme Court ruling that 29 insurance companies must reimburse 3M for settlement costs. Including the latest settlement, 10 of the 29 insurers have settled with 3M.
The Maplewood, Minn.-based technology company said it expects to receive an additional $16 million in connection with the settlements.
From 1977 to 1984, a California-based 3M subsidiary, McGhan Medical Corp., made silicon breast implants. The company has since faced more than 27,000 claims from women alleging that leaking breast implants injured them.
Topics Carriers
Was this article valuable?
Here are more articles you may enjoy.
Acrisure to Buy MGA Vave From Canopius 
Florida Jury Returns $779M Verdict for Family of Security Guard Killed at Gambling Cafe 
WTW to Acquire Newfront in Deal Worth Up to $1.3B 
What to Expect in 2026: US P/C Results More Like 2024 
