General Electric is charging $115 million after-tax charge on its accounting books to cover asbestos cases. The company has already paid $500 million to settle asbestos cases, and has 509,000 claims pending. Like many large industrial companies, GE used asbestos in its products, even though it was not a primary asbestos maker. GE’s power turbines were made with asbestos.
The British Press Association is reporting about 47-year-old woman with mesothelioma who was exposed to asbestos dust as a child. Her father died last year from cancer, and the woman Debra Brewer remembers asbestos on his work clothing when she was young. There are unfortunately many such cases of children being exposed through their father’s clothes. The long latency period of mesothelioma means the disease may not show up for decades, but when it does, it is devastating.