asbestos News
Travelers Ordered to Pay Over $500M in Asbestos-Related Claims
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 ...
Praedicat: Mining Data From Published Science to Spot the Next Casualty Cat
Emerging liability risks aren't likely to look like asbestos or silica in coming years, according to an expert who has been following the development of workplace torts for decades. Instead, the next ...
Asbestos Liabilities: The New (Old) Emerging Risk
The financial challenges presented by asbestos liabilities are not fading away as most insurance professionals have long hoped. In fact, A.M. Best raised its estimate of ultimate asbestos liability ...
New Drugs Target Asbestos-Linked Cancer; Japan Faces ‘Asbestos Tsunami’
Heather Von St. James, 45, remembers her father, a demolition worker, coming home covered in dust and dirt. Still, she'd hug him each night and, sometimes, put on his coat and shoes to play. Thirty ...
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 ...
Supreme Court Rejects Pfizer Bid for Shield From Asbestos Suits
The U.S. Supreme Court refused to shield Pfizer Inc. from some asbestos lawsuits connected to its Quigley Co. subsidiary, a bankrupt unit that stopped most operations in 1992. The justices rejected ...
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 ...