Vaccination News Home Page            Scandals            subscribe Vaccination NewsLetter

http://query.nytimes.com/gst/abstract.html?res=FB0617FD3D5B0C7B8CDDAC0894DB404482

Business/Financial Desk | May 8, 2003, Thursday
Asbestos Verdict In California Case Worries Insurers In Other Lawsuits

By JOSEPH B. TREASTER (NYT) 1048 words
Late Edition - Final , Section C , Page 1 , Column 5

ABSTRACT - Jury in civil trial in Los Angeles concludes that about 40 British companies, including Lloyd's of London and American companies Stonewall Insurance Co and Highland Insurance Group must pay nearly $200 million for asbestos claims already filed against bankrupt Fuller-Austin Insulation Co, as well as those expected to be filed against trust created by company; industry experts and plantiffs' lawyers say verdict may lead to wave of new asbestos litigation that woujld greatly increase costs for insurance companies; several insurance experts say California verdict underscores need for broad solution that is being negotiated by Congress, Bush administration, insurers, lawyers and corporations that would create national trust to deal with asbestos claims and remove issue from courts (M) A jury verdict in California may lead to a wave of new asbestos litigation that would greatly increase costs for insurance companies, industry experts and plaintiffs' lawyers said yesterday.

On Monday, 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 already filed against the bankrupt Fuller-Austin Insulation Company, as well as those expected to be filed against a trust created by the company.



 

PURCHASING FROM NYTIMES.COM IS QUICK AND SECURE.
To read the complete article, simply click on one of the BUY NOW buttons below.

You can buy this single article or, for even greater value, you can purchase this article as part of a multi-pack. You'll then have the opportunity to buy additional articles now or in the future at significant savings!
 
Purchase Single Article -- $2.95  
Purchase as part of Article 4-Pack -- $7.95
($1.99/article - a 33% savings!)
Pack expires after 1 month
 		  
Purchase as part of Article 10-Pack -- $15.95
($1.60/ article - a 46% savings!)
Pack expires after 3 months
 		  
Purchase as part of Article 25-Pack -- $25.95
($1.05/ article - a 65% savings!)
Pack expires after 6 months
 		  

How multi-packs work: A multi-pack is an archive package that saves you money by allowing you to pre-purchase a set number of articles in bulk at a reduced price. You can then debit from your multi-pack and quickly access articles from the archive at your convenience over the lifetime of the multi-pack.

Once you purchase an article, you may view it as often as you like over the next 90 days. Archive articles do not include photos, charts or graphics

Click here to purchase article if you already own an archive article pack.

 

Vaccination News Home Page

 

ALL INFORMATION, DATA, AND MATERIAL CONTAINED, PRESENTED, OR PROVIDED HERE IS FOR GENERAL INFORMATION PURPOSES ONLY AND IS NOT TO BE CONSTRUED AS REFLECTING THE KNOWLEDGE OR OPINIONS OF THE PUBLISHER, AND IS NOT TO BE CONSTRUED OR INTENDED AS PROVIDING MEDICAL OR LEGAL ADVICE.  THE DECISION WHETHER OR NOT TO VACCINATE IS AN IMPORTANT AND COMPLEX ISSUE AND SHOULD BE MADE BY YOU, AND YOU ALONE, IN CONSULTATION WITH YOUR HEALTH CARE PROVIDER.