The worst of asbestos reserving and claims activity may be over for the property-casualty industry, but concerns still remain, said Standard & Poor's in a new report.
"Asbestos reserving and claims activity has slowed for the past three years, as judges and state legislators crack down on some of the more aggressively egregious tactics of plaintiff's attorneys," the report said.
The New York-based rating agency added that recent favorable legal and legislative trends portend that the trend should continue.
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