AM Best’s Estimates for U.S. Insurers’ Asbestos & Environmental Losses Unchanged October 22, 2020 AM Best said its estimates of $100 billion in asbestos losses and $46 billion in environmental losses for the U.S....
Insurers’ Asbestos Payments in 2016 Topped $3 Billion November 30, 2017 While U.S. asbestos-related incurred losses dropped in 2016, property/casualty insurers’ payments for asbestos claims grew 9 percent and hit $3.2...
Asbestos Losses Continue to Haunt P/C Insurers: A.M. Best November 29, 2016 Net ultimate asbestos losses for the U.S. property/casualty industry have risen once again. They’re now at $100 billion, and that’s...
Insurers’ Annual Incurred A&E Losses Rose 12% in 2012: A.M. Best November 6, 2013 While generally not a material drag on the U.S. property/casualty industry’s earnings, industry losses from asbestos and environmental (A&E) claims...
Maryland Court Rules Asbestos Firms Not Responsible for Family Exposure July 11, 2013 An asbestos company is not liable for an illness suffered by a woman who became exposed to the hazardous material...
N.Y. Nassau Coliseum Workers to File Suits Over Asbestos Exposure March 27, 2013 More than 100 workers are alleging that long-term exposure to asbestos at Nassau Coliseum has made them seriously ill. The...
Asbestos Loss Estimate Now at $85 Billion: A.M. Best December 19, 2012 Insurance rating firm A.M. Best this week raised to $85 billion its estimate for losses that U.S. property and casualty...
The Hartford Q2 Profit Hit by Asbestos Charges, Tornado Losses August 4, 2011 As it warned earlier, Hartford Financial Services Group saw its profit fall in the second quarter due to large catastrophe...
Hartford Hit with Q2 Catastrophe, Asbestos Losses July 14, 2011 Hartford Financial Services Group Wednesday warned it will badly miss second-quarter expectations after severe losses on natural disasters and a...