Have insurers and defendants been overpaying for asbestos liability claims? Are there other ongoing toxic torts where that might be true today? The questions arise as a result of a revolution that’s now underway in genomic analysis and its application …
NEW YORK — Johnson & Johnson created a plan last year to limit the financial bleeding from billions of dollars in jury awards to plaintiffs who alleged the company’s Baby Powder and other talc products caused deadly cancers. The healthcare …
A national business group has begun a campaign to shine a spotlight on what it calls “systemic lawsuit abuse” in the Illinois suburbs of St. Louis. The U.S. Chamber Institute for Legal Reform unveiled its campaign on Dec. 9. It …
Garlock Sealing Technologies LLC, the EnPro Industries Inc. unit that filed Chapter 11 in June 2010 to address asbestos claims, won a long-fought battle with personal-injury claimants when their request to reopen the record of a trial estimating the company’s …
American International Group said today that its global property/casualty insurer Chartis will transfer the bulk of its legacy asbestos liabilities to National Indemnity Co. (NICO), a subsidiary of Berkshire Hathaway Inc. Chartis said the transaction is part of its ongoing …