Guy Carpenter & Company, Inc., Marsh & McLennan’s risk and reinsurance specialist, has released an update to its 2004 report, “Silica – A Litigation Sandstorm.” According to the report, two recent developments in silica litigation, although limited in scope, allow some cautious optimism that silica may not be following the asbestos litigation path.
“A review of health data, which helps determine the size of the silica issue, suggests that silica-related deaths are declining while a similar review of health data suggests that asbestos deaths remain on the rise,” stated Sean Mooney, Guy Carpenter’s Chief Economist.
While the 2004 report discussed the nature of silica claims exposure and the options for analyzing and responding to this risk, the update seeks to discern trends in the U.S. legal system, comments on the ultimate potential cost of silica litigation and provides a review of the silica liability issue in Europe.
The updated report, “Update #1: Silica – A Litigation Sandstorm,” is available for download on the Guy Carpenter website, www.guycarp.com.
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