top of page
  • Writer's pictureKirk Hartley

AM Best Blames Lung Cancer Claims for 12% Increase in Asbestos Costs

According to Business Insurance:

"Asbestos and environmental insurance claim losses increased in 2012 due to a rising number of asbestos-related lung cancer lawsuits, A.M. Best Co. Inc. said Monday.

The Oldwick, N.J.-based rating agency said annual asbestos and environmental insurance losses rose 12% last year, compared with a 31% decrease in 2011.

Best estimated that as of December 2012, the U.S. property/casualty industry faced $85 billion in net ultimate asbestos losses, up from the agency’s 2011 estimate of $75 billion."

2 views0 comments

Recent Posts

See All

Isle of Jersey to Make Lump Sum Mesothelioma Payments

The Isle of Jersey will be making lump sum mesothelioma payments as a result of citizen requests through an “e-petition,” as described in this 30 September 2019 online article at Accordin


bottom of page