RAND Sees Asbestos Claims Rising
A leading think tank has found that the more than 500,000 asbestos injury plaintiffs with $21 billion in claims in the United States may be only the tip of the iceberg. Indeed, it is possible that less than half of all potential asbestos claims have been presented to date, the RAND Institute for Civil Justice says.
The Santa Monica, Calif.-based groups findings were disclosed in a recent report, “Asbestos Litigation in the U.S.: A New Look at an Old Issue.”
RAND found that annual asbestos claims filings as a whole have been rising “sharply” since 1990, and acknowledged that “no one knows the total amount spent to date to resolve asbestos claims.”
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