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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 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 ...
The department also determines if services and benefits offered by companies are consistent with insurance policy provisions and Ohio law, reviews and approves more than 6,200 company filings per year for life, accident, health, managed care, and property and casualty policy forms and rates. The Director of Insurance, who is appointed by the ...
The corporation's debt was reduced by $1.4 billion and interest costs dropped from $320 million per year to $170 million per year. The plan worked and USG re-emerged to be a profitable corporation. USG once again declared bankruptcy on June 25, 2001, under Chapter 11 to manage the growing asbestos litigation costs. USG was the eighth company in ...
When a home insurance policy with a $300K dwelling limit already costs nearly $2,200 per year on average, it can be tempting to choose lower coverage limits to save money upfront. But, when you ...
The asbestos removal may take longer and cost more than the actual demolition. For example, the former seat of parliament of East Germany , the Palast der Republik , was stripped of most of its asbestos between 1998 and 2001, before it was finally demolished starting in 2006.
The average cost of car insurance in Ohio is $1,498 per year for full coverage and $399 per year for minimum coverage. Ohio drivers pay some of the cheapest car insurance premiums throughout the ...
ISO was formed in 1971 as an advisory and rating organization for the property/casualty insurance industry to provide statistical and actuarial services, to develop insurance programs, and to assist insurance companies in meeting state regulatory requirements. [4] It became a wholly owned subsidiary of Verisk Analytics in October 2009. [5]
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