asbestos News

N.Y. Court Rules on Asbestos Defense Costs for Primary Insurer

A New York State court ruled last Friday that an asbestos defendant is entitled to full defense from its primary insurer for certain asbestos liabilities, with the primary insurer paying all defense costs for covered claims that are not paid …

Dominion Virginia Power to Appeal Asbestos Exposure Fines

A Dominion Virginia Power spokesman says the company will appeal fines issued by the state over asbestos at its Surry nuclear power plant. The Daily Press says the Department of Labor and Industry ordered Dominion to pay $12,600 in fines …

Workers Exposed to Asbestos at Virginia Plant

At least 12 contract employees hired to repair the Surry nuclear power plant have been exposed to asbestos. State Department of Labor and Industry reports obtained by the Daily Press found that flakes of the cancer-causing substance went airborne in …

Court Approves $43 Million Montana Asbestos Settlement

A Montana judge has approved a $43 million settlement for people sickened by exposure to asbestos from a mine, with a large part of that amount to be paid by Warren Buffett’s Berkshire Hathaway, court documents show. The settlement resolves …

Mississippi Supreme Court Halts Asbestos Case Over Trial Judge

The Mississippi Supreme Court has halted all proceedings in an asbestos case until it determines whether the trial judge should have stepped down. The case resulted in a $322 million verdict. In an order signed Tuesday, Chief Justice Bill Waller …

Canada, Other Countries Block Asbestos from UN Hazardous List

Chrysotile asbestos will not be listed as a hazardous industrial chemical that can be banned from import after countries including Canada and Ukraine blocked consensus, a United Nations spokesman said on Friday. The decision was taken at a meeting of …

Mississippi Jury Awards $322 Million in Asbestos Suit

A jury has awarded $322 million to a Mississippi man who claimed he inhaled asbestos dust while mixing drilling mud sold and manufactured by Chevron Phillips Chemical Co. and Union Carbide Corp. Allen Hossley, a Dallas attorney who represented Thomas …

‘Old GM’ Carved into 4 Trusts for Claims

The company known as “Old GM” exited Chapter 11 bankruptcy last week and was carved into four trusts, marking the close of one of the most complex Chapter 11 cases in U.S. history. GM filed for bankruptcy in June 2009 …

Virginia Man Wins $25M in Lawsuit Against Exxon

A jury awarded a former shipyard employee $25 million Thursday in his lawsuit against Exxon for asbestos-related medical problems. The verdict, which followed a two-week Circuit Court trial, was one of the largest jury verdicts ever handed down in Virginia. …

Chartis 4Q Loss Tied to Reserve Strengthening

American International Group Inc. reported net income of $11.2 billion for the quarter ended Dec. 31, 2010, and $7.8 billion for the full year 2010. Included in the 2010 fourth quarter results is a previously announced $4.2 billion net charge …