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Article: Asbestos still No. 1 among mass tort risks; Insurers may exclude emerging exposures; risk managers advised to avoid anti-stacking.(Spotlight: Liability & Litigation)
- Article from:
- Business Insurance
- Article date:
- November 5, 2007
- Author:
CopyrightCOPYRIGHT 2007 Crain Communications, Inc. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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Byline: DAVE LENCKUS
Risk managers who want to take measures now to protect their organizations against potential mass tort claims have an abundance of possible concerns, including the next incarnation of the greatest mass tort of all time: asbestos.
On the short list of risk management and legal experts' concerns are climate change, lead, electromagnetic fields, silica, technology security and pandemics.
But nothing says mass tort claims like asbestos, and many observers say asbestos claims continue to be their top concern even with a reduction of incurred losses and claim payments in recent years.
Despite exclusions for asbestos ...