3M CO CEO Says In Q3 We Recovered $54M In Insurance Coverage Between Combat Arms And Public Water Suppliers; We Intend To Ramp Up Recovery Efforts And Expect Our Insurers To Honor Policy Obligations To US
Portfolio Pulse from Benzinga Newsdesk
3M Co's CEO announced that the company recovered $54 million in insurance coverage related to Combat Arms and public water suppliers in Q3. The company plans to increase recovery efforts and expects insurers to fulfill policy obligations.
October 22, 2024 | 1:31 pm
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3M Co recovered $54M in insurance coverage in Q3 related to Combat Arms and public water suppliers. The company plans to enhance recovery efforts and expects insurers to meet policy obligations.
The recovery of $54M in insurance coverage is a positive financial development for 3M, potentially improving its cash flow and financial stability. The company's intention to increase recovery efforts and expectation for insurers to honor obligations suggests a proactive approach to managing liabilities, which could positively impact investor sentiment.
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