With mesothelioma lawsuits, as with all areas of law, persistence is key - on both sides. Case in point: Travelers Insurance Company, the primary insurer for Johns-Manville Corporation from 1947 - 1976.
Once the largest miner and manufacturer of asbestos and asbestos products, Johns Manville Corp. filed for bankruptcy in the 1980s, after the dangers of asbestos were exposed to the public. In the process, a trust fund was created for future victims of its asbestos products and Travelers Insurance contributed $80 million at that time. Later, in 2003 and 2004 through pressure in the courts, Travelers agreed to $500 million in settlements with several groups of plaintiffs, with the stipulation that future asbestos lawsuits would be barred. The settlement was approved in 2006.
But last year, this settlement was overturned by a U.S. Court of Appeals on the ground that the judge who approved the settlement lacked authority to bar new lawsui