Asbestos Blues

Asbestos Blues

The insurance industry will find no insulation from liability in the 86,000 pending asbestos cases, if a major decision in Baltimore, Maryland, is a guide. A jury in the largest such trial in American history ruled that four U.S. companies will have to pay punitive damages of up to 2 1/2 times their share of compensatory -- or actual -- damages. Translated, that could mean more than $1 billion in payouts for GAF, the Keene Corp., Pittsburgh Corning and Porter Hayden Co., and their insurers.


Want the full story?

Subscribe Now


Get TIME the way you want it

  • One Week Digital Pass — $4.99
  • Monthly Pay-As-You-Go DIGITAL ACCESS$2.99
  • One Year ALL ACCESSJust $30!   Best Deal!
    Print Magazine + Digital Edition + Subscriber-only Content on

Learn more about the benefits of being a TIME subscriber

If you are already a subscriber sign up — registration is free!