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August 23, 2004

We got it wrong: Hardie

James Hardie Industries' new chairwoman says it was not the embattled former asbestos maker's fault a foundation set up to compensate asbestos victims was massively underfunded.

But Meredith Hellicar stopped short of directly blaming actuarial firm Trowbridge Consulting which prepared a report in 2001 estimating the future asbestos claim liabilities of two of James Hardie's former asbestos manufacturing subsidiaries, Amaca and Amaba.

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Posted by Tom Troceen


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