Liability Risk and Insurance
Equitas to pay $97mn in asbestos settlement
Equitas is to pay $97mn in the latest negotiated settlement designed to cap on its asbestos, pollution and other health-hazard-related
liabilities in the US. The latest payment is to Hercules, a chemicals company in the US. The payment consists of $30mn to
Hercules, with the rest being placed in an asbestos trust for future claims.