Even though asbestos has become highly regulated by the federal government, it’s still having an impact on property and casualty insurers’ balance sheets, and continues to be a source of workers’ comp claims.
A report from A.M. Best declares there’s been “no slowdown” in asbestos claims, which have cost the property and casualty industry an additional $1.9 billion a year on average from 2013 through 2017.
Travelers, Chubb, American International Group and The Hartford have had the largest losses from asbestos and environmental claims from 2013 to 2017, the...
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