Although nine insurer groups experienced asbestos and environmental (A&E) losses of at least $100 million during 2009, up from six groups in 2008, the increase is still “manageable,” notes A.M. Best. 

In a special report, “U.S. Asbestos & Environmental Liabilities,” the rating agency notes that losses jumped approximately 50% in 2009 after a 47% decline in 2008. Aggregate industry funding for A&E liabilities increased by more than $4 billion over the past two years.

Register or login for access to this item and much more

All Digital Insurance content is archived after seven days.

Community members receive:
  • All recent and archived articles
  • Conference offers and updates
  • A full menu of enewsletter options
  • Web seminars, white papers, ebooks

Don't have an account? Register for Free Unlimited Access