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Word: borel (lookup in dictionary) (lookup stats)
Dates: during 2000-2000
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Usage:

Lloyd's troubles began in the U.S., in Beaumont, Texas, where in 1969 a dying insulation installer named Clarence Borel sued 11 asbestos companies for failing to warn him about the hazards of handling the material. Four years later, a federal appeals court held the companies liable. The lawyers did the rest, opening the floodgates to damage claims that would eventually bring down huge asbestos companies like Johns Manville Corp., which restructured itself after a trip through bankruptcy court. The insurer of last resort--the party most exposed to the torrent of claims--was Lloyd's of London...

Author: /time Magazine | Title: Lloyd's Of London Falling Down | 2/28/2000 | See Source »

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