asbestos liability News

Business Group Targeting ‘Lawsuit Abuse’ in Illinois

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 …

Judge Denies Claimants’ Bid to Reopen Garlock Asbestos Settlement

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 …

Chartis to Shift Asbestos Liabilities to Berkshire’s National Indemnity

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 …