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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: RE: RE: Asbestos Settlement
You state your case and position on reserves very well and much of your reasoning and support for insurance carrier reserves makes sense. However, there is the other side that thinks the insurance carriers- AIG, Chubb, St.Paul Travelers, and all the rest that follow like sheep in a herd, take advantage of reserving requirements and the mechanics of reserving - all to the detriment of the insurance buying community-individuals/personal insurance and corporate buyers/commercial insurance.
It is my personal opinion that the largest insurance companies with their accounting and reserve practices are deceiving the public on as large a scale as the Enron fiasco.
Now that's just my opinion and I appreciate yours. Thanks.