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Insurance

Apr. 14, 2006

AIG Settles With Kaiser for $567 Million in Asbestos Suit

SAN FRANCISCO - Insurance giant AIG has agreed to a $567 million settlement with the now defunct Kaiser Aluminum & Chemical Corp. of Oakland to cover asbestos injuries to workers, a lawyer said Wednesday, part of nearly $1 billion worth of

By Donna Domino
 Daily Journal Staff Writer
      SAN FRANCISCO - Insurance giant AIG has agreed to a $567 million settlement with the now defunct Kaiser Aluminum & Chemical Corp. of Oakland to cover asbestos injuries to workers, a lawyer said Wednesday, part of nearly $1 billion worth of negotiated settlements by Kaiser's insurers so far.
      "This would be considered in any...

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