NAIC: Asbestos Puts P-Cs At RiskWashington

Insurance companies may be at “significant risk” due to capitaland liquidity erosion stemming from the growth in asbestos-relatedclaims and litigation, the National Association of InsuranceCommissioners said.

In a letter to Senate Judiciary Committee Chairman Orrin Hatch,R-Utah, four officers of the Kansas City, Mo.-based NAIC said theyare concerned by the significant rise in asbestos-related lossreserves.

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