Legislation passed yesterday by the Senate to ban the importing of asbestos is unlikely to have a major impact on litigation surrounding the issue, according to an official with the Property and Casualty insurers Association of America (PCI).
David Golden, director of commercial lines for the PCI, said the bill, known as S. 742 or the Ban Asbestos in America Act would “probably not have a large effect on the types of litigation we've seen regarding asbestos.”
The reason, he said is essentially a matter of numbers. The amount of asbestos being imported, through items such as brake pads, makes up a “relatively small amount” when compared to the heyday of asbestos usage that has led to decades of litigation and numerous bankruptcies over health injury claims.
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