S&P: Asbestos Risk? It's Smoke And Mirrors
NU Online News Service, March 31, 4:18 p.m. EST?Asbestos exposure is creating a rift between insurers and reinsurance companies that back them, said Standard & Poor's Ratings Services in a new study.
In a report released today entitled "Asbestos Driving a Wedge Between Insurers and Reinsurers," the New York-based ratings agency argued the reinsurance community as a whole has not stepped up to adequately address asbestos risks.
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