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Articles for 'asbestos'

 A lawsuit was filed alleging that a former chemical operator at Hoffman-LaRoche in Nutley, New Jersey was exposed to asbestos fiber and died of mesothelioma. 

Allianz Firemans Fund Increases Asbestos Reserves by $301 Million

Fireman's Fund Insurance Company a Division of Allianz has announced that it will increase its asbestos and environmental risks reserve by $301 Million. The company stated, "The move follows the completion of its regular independent external asbestos exposure review."

A vaccine has been demonstrated as safe for potential use against mesothelioma. The research, conducted by Netherlands scientists was reported in an advance publication of  the American Journal of Respiratory and Critical Care.

Flinkote Asbestos Bankruptcy Plan Approval Urged

The Official Committee of Asbestos Personal Injury Claimants (OCAPIC) has endorsed the Flintkote  Amended Joint Plan for Reorganization.

St. Paul Travelers Announces $90 Million Settlement of Common Law Asbestos-Related Direct Actions

The St. Paul Travelers Companies, Inc. announced that it has executed an agreement resolving substantially all common law asbestos-related direct actions pending against its Travelers Property Casualty Corp. subsidiaries ("Travelers"). These actions allege, among other things, a general, non-statutory duty to disclose to the public the hazards of asbestos. The settlement, if it receives court approval, would also bar similar future direct actions against Travelers. 

Pittsburg Corning Plans to Pay Asbestos Victims $825 Million

PPG Industries (Pittsburg Corning Corp.) and its insurers plan to pay out millions of dollars to victims of asbestos disease. In a bankruptcy reorganization plan filed with the Court for its approval, it was announced that PPG intended to pay out $825 Million in cash over the next 15 years.

 "Sufficient evidence is now available to show that asbestos also causes cancer of the larynx and of the ovary."

Is The Recovery Of The Workers’ Compensation System An Illusion?
The present economic downturn has been compared to the Great Depression of the 1930’s or the recession of the 1980’s. The factors that existed during ...
Is The Recovery Of The Workers’ Compensation System An Illusion?

The present economic downturn has been compared to the Great Depression of the 1930’s or the recession of the 1980’s. The factors that existed during those financial cycles need to be compared to the present political and economic dynamic to determine whether or not history is repeating itself. Analysis of those two periods provides an insight as to whether or not there will be a rebound or surge of claims in the future.

US Supreme Court to Review Manville Asbestos Bankruptcy Order

The US Supreme Court has decided to review a decision interpreting a 1986 Bankruptcy confirmation plan order. The order formed the basis of a settlement by Travelers Insurance Company to resolve claims against it for conspiracy in concealing information about the dangers of asbestos.
 

Asbestos Continues to Reduce Potential Years of Life

Asbestos exposure continues to have high rates of death in the US.

A Bailout for Workers Compensation

The issues facing the present economic downturn are not necessarily the same that existed during the great depression and therefore the outcome may not be the same.

The Canadian delegation to the Rotterdam Convention was able to lobby effectively to prohibit a ban on asbestos for another two years. The Canadian mines will continue to churn out the killer fiber and ship it to unsuspecting countries as a result of an effective major lobbying effort of the Canadians to sway the votes of India, Pakistan, Vietnam and the Philippines.

The Politics of Asbestos – US Government Failed the People Declares Senator Baucus

 At a recent hearing of the US Senate Committee on Environment and Public Works, Senator Max Baucus presented a report revealing that the Federal government failed to take the appropriate action to declare Libby, Montana a public health emergency in 2002. The disregard of the federal government led to a lack of funding and manpower in cleaning up the asbestos contamination according to the Senator.

US Department of the Interior Reports 36 Locations in NJ with Naturally Occurring Asbestos

The US Geological Survey has reported that NJ ranks 2nd highest in the number of naturally occurring asbestos sites (mines) in the Eastern US.

New Chemotherapy Treatment Reported "Responsive" to Mesothelioma

A new set of drugs has been reported responsive in treating mesothelioma, a tumor caused by exposure to asbestos fiber. The British Journal of Cancer has reported that cisplatin and vinorelbine effective in the treatment of mesothelioma.

The Asbestos Debate is Over

Almost 45 years following the historic 1964 NY Academy of Medicine conference in New York experts continue to memorialize the history of asbestos related disease. Now enters, defense expert John E. Craighead, who has written his viewpoint on the subject.
 

Diagnosing and Curing the Ailing NJ Workers' Compensation System

On the eve the NJ Senate's investigation into New Jersey's workers' compensation system, the question lingers on how to evaluate its health. New Jersey has always had a very large and very dedicated workforce A recent newspaper series by Star-Ledger reporters Dunstan McNichol and John P. Martin revealed that the system is serious flawed and that it is in need of a "complete overhaul."

W.R.Grace to Settle Asbestos Claims for $3 Billion

W.R. Grace and Co. has announced that it will fund a trust for resolving all current and future asbestos-related personal-injury claims. The company entered bankruptcy 7 years ago with 135,000 asbestos claims pending.

Workers' compensation insurance companies have a long history of guarding themselves from liability from asbestos exposure issues. Recently the NJ courts have ruled that workers' compensation insurance companies are shielded from liability when the insurance company performs hygiene studies and does not take action to protect the employees that it has insured under the policy.

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