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 …
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 …
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 …
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. …
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 …
A soon to be issued report from A.M. Best details an increase in U.S. property/casualty insurers’ asbestos and environmental (A&E) incurred losses. The industry faced a 50 percent rise in 2009, following a 47 percent decrease in 2008. Best’s estimates …
