asbestos liability News

Former New Jersey Lawyer Gets 2 Years for Falsifying Asbestos Suits

A former New Jersey lawyer has been sentenced to serve two years in federal prison after admitting he fraudulently added defendants to more than 100 asbestos lawsuits in New York. Federal prosecutors say Arobert Tonagbanua deleted the names of actual …

Transatlantic Re Winds Down Asbestos Contracts with AIG, Berkshire Hathaway

Weston Hicks’s Alleghany Corp. will pay $400 million to wind down reinsurance deals with American International Group Inc. and Warren Buffett’s Berkshire Hathaway Inc. for policies that date back decades. Transatlantic Reinsurance Co., owned by Alleghany, will end contracts that …

U.S. Insurers Still Funding Asbestos, Environmental Liabilities: A.M. Best

The current estimate of net asbestos losses for the U.S. property/casualty industry remains at $85 billion, with net environmental losses estimated at $42 billion, according to a new Best’s Special Report. According to the Best’s report titled “U.S. Insurers Continue …

Court to Hear Claim EnPro’s Garlock Hid Asbestos Evidence

Whether Garlock Sealing Technologies LLC, plaintiffs’ lawyers, or both are responsible for suppressing evidence related to asbestos claims against an EnPro Industries Inc. unit is a question to be decided Dec. 4 at a hearing in U.S. Bankruptcy Court in …

UPenn’s Interdisciplinary Research Seeks to Track Ambler’s Asbestos Legacy

Joe Amento, a lifelong resident of Ambler, Pennsylvania, was 53 when he died of a rare cancer with one main cause — exposure to asbestos. He was fine at Christmas 2002. In January, a pain in his side kept him …

Court Orders Travelers to Pay $500M in Johns-Manville Asbestos 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 Corp., a policyholder that spent six years in bankruptcy during the …

Insurance Can’t Protect Libertarian’s Dream of Unlimited Liability: McArdle

If you run in libertarian circles, you hear a lot about lawsuits. It’s the obvious recourse for anyone who wants less regulation but can’t bring themselves to insist that, say, chemical companies should be allowed to dump toxic waste into …

Wisconsin Senate Passes Bill to Delay Asbestos Lawsuits

A bill that Democratic opponents say would slow asbestos-exposure lawsuits has cleared the Wisconsin state Senate. The measure passed would require plaintiffs to reveal how many businesses their attorneys plan to go after. Trials could not start until six months …

EnPro’s Garlock Wins Trial on Asbestos Liability; Judge Hits Claimants’ Lawyers

Garlock Sealing Technologies LLC, a unit of EnPro Industries Inc., emerged victorious after a trial with official representatives of asbestos personal injury claimants. Adopting the company’s estimate, U.S. Bankruptcy Judge George R. Hodges in Charlotte, North Carolina, concluded that $125 …

Appeals Court Upholds Convictions in Tennessee Asbestos Case

A federal appeals court last week upheld the convictions of two men found guilty of violating federal environmental laws during the demolition of a Chattanooga, Tenn., textile mill that contained large amounts of asbestos. James Mathis and Donald Fillers were …