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...They previously had unlimited liability for risks, which led to huge financial losses after a surge of asbestos claims in the 1990s....
...The Financial Times Ltd and the authors are not responsible for any direct or indirect result arising from any reliance placed on replies, including any loss, and exclude liability to the full extent....
...Bankruptcy court’s wild west French manufacturer Saint-Gobain saved billions in potential liabilities for asbestos-related cancers by enlisting law firm Jones Day and its signature “Texas two-step” bankruptcy...
...Letter in response to this article: Asbestos payouts are a harbinger of costs of climate inaction / From David Pitt-Watson, Visiting Fellow, Judge Business School, University of Cambridge, Former Chair,...
...It holds a list of asbestos disease-accredited specialist solicitors....
...When they bought it in 1999, it was derelict, with 20th-century additions in the form of corrugated asbestos and concrete....
...regeneration project is itself under pressure from the fall in the prime housing market in London as well as rising labour and material costs and a number of unforeseen expenses — such as the cost of removing asbestos...
...The presence of asbestos in some tunnel walls can further complicate matters: TfL trialled a special cleaning train, but this was shelved after concerns that a strong vacuum might accidentally pull asbestos...
...Rowland became chairman of the insurance market in 1993 when rising claims from asbestos and environmental pollution in the US had brought Lloyd’s to its knees....
...Restoring it has proved more difficult than expected, partly because of strict heritage rules and complications with asbestos....
...Mr Brunotte argues Saint-Gobain’s pension fund was underfunded, its asbestos liabilities were potentially open-ended, and its much-vaunted innovation were not delivering....
...Its first private owner hoped to fill it with rollercoasters and waterfalls — but failed to overcome the potentially lethal asbestos....
...The offspring of workers who had in their childhoods been exposed to asbestos through their parents are ageing....
...In the 1990s Lloyd’s almost collapsed under the weight of asbestos and other claims....
...After aggressive expansion over the previous decade, which had left it with high debt levels, ABB came close to bankruptcy in 2002 as a result of massive asbestos-related legal claims against a US subsidiary...
...Chris Lambert, 64, dodged the works after watching his father suffer after breathing in asbestos fibres. “He died at 65,” he says. He became a butcher but his son has worked for Tata for seven years....
...Lloyd’s has sought to rebuild its reputation after a scandal two decades ago, when a spike in asbestos and liability-related claims almost triggered the collapse of the market....
...Last year, BAT paid $575m to settle a long-running dispute over asbestos and dividend claims in a case relating to a subsidiary....
...British American Tobacco has agreed to pay $575m to settle a long-running dispute over asbestos and dividend claims....
...In 2003, former ABB chief executive Percy Barnevik became embroiled in Sweden’s biggest pension dispute after it was revealed he received a pay-off of SFr148m when he stepped down in 1996, only for asbestos-related...
...It has made four smaller acquisitions in the UK since August, including that of John Pickering & Partners, a Liverpool firm of asbestos-claims specialists, this week....
...Names have attracted little attention since they racked up heavy losses about two decades ago from asbestos and pollution-related claims that caused the near-collapse of Lloyd’s....
...Asbestos and pollution-related insurance claims nearly cost Lloyd’s of London its life more than two decades ago, but the insurance market now seems to have learnt its lesson....
...The 69-year-old is a well-known industry figure, serving as deputy chairman of Lloyd’s between 1993 and 1995 as the historic insurance market was recovering from catastrophic losses resulting from asbestos...
...The entire Buckingham Palace electrical and heating system is antiquated, asbestos-ridden and due for replacement – if the Queen can find the money....
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