Posts Tagged ‘insurance’

Insurance company contests Goodyear Tire asbestos-related defense costs

6 Apr 2017 by under News

Goodyear Blimp   Spirit of Innovation 100x100 Insurance company contests Goodyear Tire asbestos related defense costsGoodyear Tire and Rubber Co. faces approximately 62,000 claims involving asbestos-related injuries in New York, Maryland, Texas, and Pennsylvania. The claims allege exposure to asbestos through the tire company’s products, including floor tiles, gaskets and furnace hoses, according to Law360. Berkshire Hathaway Specialty Insurance Co. filed a petition in federal court Wednesday to declare it has no duty to pay defense costs, though Goodyear says otherwise due to an insurance policy. (more…)


Estimated asbestos injury liability payout costs hit $100 million

30 Nov 2016 by under News

GHS pictogram silhouette.svg 1 edited 100x100 Estimated asbestos injury liability payout costs hit $100 millionThe cost of asbestos continues to add up.

Cost estimates to property/casualty insurers due to third party liability asbestos claims has jumped from $85 billion to $100 billion within just four years. A.M. Best, a global insurance credit rating and information service, adjusted its estimates earlier this week based on historic trends, like increases in the cost of care and life expectancies. (more…)


Mesothelioma victims die while investment conglomerate drags its feet in pursuit of profit

10 Oct 2013 by under Legal, News, Organizations, People

Berkshire Hathaway 100x100 Mesothelioma victims die while investment conglomerate drags its feet in pursuit of profitThere are allegations of “bad faith” swirling around multinational conglomerate holding company Berkshire Hathaway Inc. Lawyers representing both asbestos victims and manufacturers say two of the company’s subsidiaries – National Indemnity Co. and Resolute Management Inc. – which are supposed to handle asbestos and pollution insurance policies, are purposely delaying paying claims in order to benefit Berkshire’s bottom line. (more…)