Asbestos Reserves Pose Re Challenges
The spotlight is on asbestos litigation, given the escalation of claims and the number of large awards made to unimpaired litigants, which may drain available funds from those plaintiffs who are significantly impaired.
Defendants (old and new) have also received their share of the headlines. Old names such as Johns Manville continue to see claim activity escalate, causing the need again to review trust payout schedules.
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