Search
 

Asbestos Claims Total $70 B Over 30 Years

NU Online News Service, May 10, 12:20 p.m. EDT--Over the past three decades insurers and businesses have spent $70 billion to cover legal expenses ...

By Daniel Hays | Updated on February 04, 2005

NU Online News Service, May 10, 12:20 p.m. EDT–Over the past three decades insurers and businesses have spent $70 billion to cover legal expenses and pay claims related to asbestos-related injuries, a new study has found.

The research by the Santa Monica, Calif.-based RAND Institute for Civil Justice also found that more than 730,000 people in the United States have filed compensation claims for asbestos-related injuries from the early 1970s through the end of 2002.

Want to continue reading?
Become a Free
PropertyCasualty360 Digital Reader.

INCLUDED IN A DIGITAL MEMBERSHIP:

  • All PropertyCasualty360.com news coverage, best practices, and in-depth analysis.
  • Educational webcasts, resources from industry leaders, and informative newsletters.
  • Other award-winning websites including BenefitsPRO.com and ThinkAdvisor.com.

Already have an account?

NOT FOR REPRINT

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.

Recommended Stories

PropertyCasualty360

Join PropertyCasualty360

Don’t miss crucial news and insights you need to make informed decisions for your P&C insurance business. Join PropertyCasualty360.com now!

  • Unlimited access to PropertyCasualty360.com - your roadmap to thriving in a disrupted environment
  • Access to other award-winning ALM websites including BenefitsPRO.com, ThinkAdvisor.com and Law.com
  • Exclusive discounts on PropertyCasualty360, National Underwriter, Claims and ALM events

Already have an account? Sign In Now
Join PropertyCasualty360

Copyright © 2024 ALM Global, LLC. All Rights Reserved.