Equitas Slams Lawyer ‘Greed’ On Asbestos

London Editor


An Equitas executive railed against the greed of the plaintiffs bar during a speech here last week where he discussed the recent rapid growth in asbestos claims that he warned could lead to insurer insolvencies.

Although asbestos has not been in widespread use for more than 25 years, “the number of asbestos claims filed in the United States has risen at an unprecedented rate in the last two years,” said Paul Jardine, commutations director and chief actuary for Equitas during a presentation at a conference of the London-based Association of Lloyds Members.

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