July 22 * U.S. appeals court reinstates order directing Travelers cos to pay
more than $500 million to asbestos plaintiffs -- court ruling * 2nd U.S. circuit court of appeals says U.S. district court judge erred in
finding that conditions requiring travelers' payment had not been met * 2nd circuit directs that bankruptcy court judgment requiring Travelers to
make payment be reinstated * 2nd circuit decision relates to asbestos liabilities tied to travelers'
coverage of policyholder johns-manville