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Ever since Johnson & Johnson disclosed this month that a government test had turned up asbestos in its Baby Powder, the company has attacked the validity of the result. On Tuesday, for example, ...
Johnson & Johnson said on Friday it is recalling around 33,000 bottles of baby powder in the United States after the U.S. health regulators found trace amounts of asbestos in samples taken from a ...
Asbestos to date has triggered losses of $100 billion for the insurance industry—and the losses are expected to mount. In short, it is the most expensive lesson learned for the industry in decades. ...
Johnson & Johnson is having increasing legal troubles with talc, a trend that has potential implications for the property/casualty insurance industry. That's because a number of juries have ruled ...
An insurance unit of Warren Buffett's conglomerate Berkshire Hathaway Inc said it has sued Goodyear Tire & Rubber Co to avoid having to cover asbestos-related injury claims that Goodyear said ...
Halliburton Co on Friday said it had reached a $100 million settlement to resolve a long-running securities fraud class action lawsuit against the oilfield services provider that twice reached the ...
Net ultimate asbestos losses for the U.S. property/casualty industry have risen once again. They're now at $100 billion, and that's $15 billion higher than the previous estimate. according to a new ...
Actuaries and casualty insurance company financial officers who are not tuned into the revolution occurring in molecular biology may be blindsided by the next influx of asbestos claims, according to ...
U.S. property/casualty net asbestos losses are holding steady at $85 million. But that number could change in the future due to some big-time litigation variables, A.M. Best said in a new special ...
A federal appeals court on Tuesday ordered Travelers Cos. Inc. to pay more than $500 million to satisfy asbestos-related claims stemming from the insurer's coverage of insulation maker Johns-Manville ...
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