Legislation passed yesterday by the Senate to ban the importingof asbestos is unlikely to have a major impact on litigationsurrounding the issue, according to an official with the Propertyand Casualty insurers Association of America (PCI).
David Golden, director of commercial lines for the PCI, said thebill, known as S. 742 or the Ban Asbestos in America Act would“probably not have a large effect on the types of litigation we'veseen regarding asbestos.”
The reason, he said is essentially a matter of numbers. Theamount of asbestos being imported, through items such as brakepads, makes up a “relatively small amount” when compared to theheyday of asbestos usage that has led to decades of litigation andnumerous bankruptcies over health injury claims.
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