NAIC: Asbestos Puts P-Cs At Risk Washington

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

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

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