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.
Posted by Tom Troceen