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U.S. Bankruptcy Court Approves $500 Million St Paul Travelers Asbestos-Related Settlement
National News • August 18, 2004
The U.S. Bankruptcy Court for the Southern District of New York has issued an order granting approval of a $500 million settlement of almost all Johns Manville Corp. asbestos-related suits pending ...
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| Subject | Posted By | Posted On |
|---|---|---|
| abestos | Donald Gehrls | Jun 2, 2008, 5:01 pm |
| money left? | lenny | Mar 13, 2005, 11:30 am |
| RE: RE: Asbestos Settlement | LORI ADCOCK | Dec 26, 2004, 6:52 pm |
| RE: Asbestos Settlement | Barrie | Aug 21, 2004, 6:37 am |
| RE: RE: RE: RE: RE: RE: Asbestos Settlement | david | Aug 20, 2004, 6:50 pm |
| RE: RE: RE: RE: RE: Asbestos Settlement | Matt | Aug 20, 2004, 6:13 pm |
| RE: RE: RE: RE: Asbestos Settlement | david | Aug 20, 2004, 1:42 pm |
| RE: RE: RE: Asbestos Settlement | j | Aug 20, 2004, 1:06 pm |
| RE: RE: Asbestos Settlement | david | Aug 19, 2004, 4:44 pm |
| RE: Asbestos Settlement | Matt | Aug 19, 2004, 4:35 pm |
| Asbestos Settlement | Kevin | Aug 19, 2004, 1:05 pm |
| RE: RE: RE: RE: RE: RE: Asbestos Settlement | Matt | Aug 19, 2004, 1:17 am |
| RE: RE: RE: RE: RE: Asbestos Settlement | david | Aug 18, 2004, 7:39 pm |
| RE: RE: RE: RE: Asbestos Settlement | Matt | Aug 18, 2004, 6:46 pm |
| RE: RE: RE: Asbestos Settlement | david | Aug 18, 2004, 3:14 pm |
| RE: RE: Asbestos Settlement | david | Aug 18, 2004, 3:13 pm |
| I bet the claimants feel vindicated... | Jay | Aug 18, 2004, 2:46 pm |
| RE: Asbestos Settlement | KevinT | Aug 18, 2004, 2:22 pm |
| Asbestos Settlement | Kevin | Aug 18, 2004, 12:17 pm |
| Back to article | ||
Subject: RE: RE: RE: RE: Asbestos Settlement
No, I'm not angered by Matt's comments, in fact I learned something from his 'explanation' inspite of the attitude.
My point is that insurance companies are profiting by their huge reserve accounts. They take write offs of hundeds of millions in profits by increasing reserve accounts- show an operating loss, get tax benefits and still earn interest on the reserve account. Reserve accounts are self serving for insurance companies and are not 100% for the good of the insurance buying public.
Thanks,