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Shipping Stevedoring Port Services Hydrocarbons Diving May-Jun 2008 |
Insurers rattled by latest US asbestos case28 May 2003By Barry Robson - Assistant Branch Secretary, Sydney
A Californian jury verdict this month is expected to result in a new wave of asbestos claims A jury in a civil trial in Los Angeles concluded that a group of London insurance companies and two American insurers must immediately pay nearly $200 million for claims against the bankrupt Fuller-Austin Insulation Company, The New York Times reported on May 8. The verdict is expected to greatly increase costs for insurance companies, according to the industry experts and plaintiffs' lawyers.
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