I had to reinsulate my attic a few years ago and I found about five different types of insulation up there (I have an old house) ... I had to do a bunch of research on this stuff and figure out what I had ... thankfully I was ok but I found this in my search online
I'm pretty sure we could go back to using it, with more precautions in place, better binders, etc. Hell, it's still used in many parts of the world, and it occurs naturally all over the fucking place. But, alas, lawyers would have to stop salivating at every mention of the word.
In geoscience, we started using the word asbestoform to describe minerals with fibrous habits so we don't get lawyers showing up to destroy all of our rock samples and turn every geoscience facility into a superfund site.
"Asbestos was first synthesized by the master magi Mesothelioma. He was looking for a way to slowly poison the local villages without easy detection, and ended up creating one of the most common robe linings found today.
Mesothelioma is remembered long after his passing, though not fondly. If you, or a loved one, has been harmed by the creations of Dark Lord Mesothelioma, Sending us today..."
My dad was a contractor and he had a big sheet of it in the garage that was leftover from some job. It looked kind of like a sheet of drywall, but was grey and rougher. I used to take it into the back yard with a little blow torch and and lay on it while I melted metal things. I was probably ten to twelve at the time.