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Asbestos litigation is the longest, most expensive mass tort in U.S. history, involving more than 8,000 defendants and 700,000 claimants. [1] By the early 1990s, "more than half of the 25 largest asbestos manufacturers in the US, including Amatex, Carey-Canada, Celotex, Eagle-Picher, Forty-Eight Insulations, Manville Corporation, National Gypsum, Standard Insulation, Unarco, and UNR Industries ...
Jul. 7—Emily Mascarenas, an agent with Hub International Insurance who works exclusively with commercial businesses, is nothing if not candid. And as disciplined in her common-sensical approach ...
Insurance companies allege that asbestos litigation has taken too heavy a toll on insurance and industry. A 2002 article in the British The Daily Telegraph ' s associate quoted Equitas, the reinsurance vehicle which assumed Lloyd's of London 's liabilities, which argued that asbestos claims were the "greatest single threat" to Lloyd's of London ...
Asbestos (/ æ s ˈ b ɛ s t ə s, æ z-,-t ɒ s / ass-BES-təs, az-, -toss) [1] is a group of naturally occurring, toxic, carcinogenic and fibrous silicate minerals.There are six types, all of which are composed of long and thin fibrous crystals, each fibre (particulate with length substantially greater than width) [2] being composed of many microscopic "fibrils" that can be released into ...
The U.S. Environmental Protection Agency on Monday finalized a rule that would ban using and importing cancer-causing asbestos, a material still used in some vehicles and in some industrial ...
In November 2011, Ehrlich argued an asbestos products-liability case, O'Neil v. Crane, before the California Supreme Court. [27] [28] He contended that World War II-era valve and pump manufacturers knew their products contained asbestos at delivery, and therefore had a duty to warn future users who were exposed to replacement asbestos. [27]
The term Bermuda Form refers to various types of insurance policy.. In the 1980s, American companies found it increasingly difficult to buy large amounts of casualty (liability) insurance, partly because American courts interpreted policies in ways which gave coverage to policyholders which was wider than the insurers had anticipated, causing insurers large losses particularly in relation to ...
Furthering Asbestos Claim Transparency (FACT) Act of 2013; Long title: To amend title 11 of the United States Code to require the public disclosure by trusts established under section 524(g) of such title, of quarterly reports that contain detailed information regarding the receipt and disposition of claims for injuries based on exposure to asbestos; and for other purposes.