U.K. Asbestos Ruling Impact Rated Low
NU Online News Service, May 17, 11:07 a.m. EST–Standard & Poor's said today the impact on insurers from yesterday's ruling by the highest U.K. court of appeals in the landmark Fairchild asbestos liability case should be minimal.
S&P said the decision "is not expected to have come as a surprise to the U.K. insurance industry," and that the impact on insurers' financial strength and ratings is therefore "likely to be slight."
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