Halliburton Co., the Dallas-based oilfield services and engineering concern, is expecting insurers to carry the bulk of the costs of recent asbestos damages verdicts against the company if legal appeals fail following a Maryland jury’s $30 million award against Halliburton subsidiary Dresser Industries. Haliburton claimed it would appeal in both the Maryland and Texas cases, and that the large sums of damages were more than it had previously been ordered to pay in asbestos litigation. The company said it would continue settling claims for reasonable amounts but insisted it would go to court if damages sought were too high. Halliburton said its subsidiaries would be involved in more asbestos claims trials throughout the country over the next few months.
Was this article valuable?
Here are more articles you may enjoy.
Marsh Aims to Be ‘AI Winner’ by Focusing on Gains in Growth, Productivity, Efficiency 
AI for the Defense: Should Insurers or Law Firms Pay? 
‘The Arms Race Is On’: Chubb’s Greenberg on Mythos, Middle East 
Palm Beach Billionaires Feud Over Who’s Really Protecting the Everglades From This Issue
