asbestos liability Archives - Carrier Management

Fitch Ups Maximum Estimate of Asbestos Exposure Industry Insured Losses

Fitch Ratings boosted its maximum estimate of asbestos exposure ultimate industry insured losses to $90 billion, a $5 billion hike. "Incurred losses continue to materialize, tied partly to losses ...

Material Asbestos Losses to Continue Unabated: AM Best

Industry losses from asbestos and environmental claims grew 12 percent in 2012, after a 31 percent decline in 2011, A.M. Best reported Monday. Although a special report by the Oldwick, N.J.-based ...

Analysis: Why Bankrupt W.R. Grace Is Thriving

A company stuck in bankruptcy for 12 years may not seem like much of a catch, but investors have fallen in love with U.S. specialty chemical manufacturer W.R. Grace & Co and its surging sales to ...

Insurers Lose Bid to Halt Funding of Pittsburgh Corning’s Asbestos Trust

Pittsburgh Corning Corp.'s bankruptcy judge overruled final objections by insurance companies trying to halt the reorganization of the building-supply company. U.S. Bankruptcy Judge Judith Fitzgerald ...