3M seeking $1.6bn of insurance recoveries for $6bn earplug settlement
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3M seeking $1.6bn of insurance recoveries for $6bn earplug settlement

Shelby Rosenberg
August 30, 2023
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3M World Headquarters complex in suburban St. Paul.jpg

Aearo and 3M are seeking around $1.6bn in insurance recoveries to offset a $6bn settlement over Combat Arms earplug announced on Monday.

In a conference call Tuesday discussing the impacts of the settlement with analysts, 3M execs referenced filings from last year noting that 3M and Aero have $550mn in coverage with one insurer and just over $1bn with another.

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