Insurance actuaries have been warned by a litigation expert that benzene could become a major new cause for toxic health injury lawsuits.
The remarks of Daniel Bodell, partner, Gordon & Rees, were reported by the Casualty Actuarial Society, which held a recent Casualty Loss Reserve Seminar in San Diego, where Mr. Bodell spoke. CAS sponsored the session with American Academy of Actuaries.
Actuaries were advised during a panel session that they need to closely monitor emerging mass tort claims related to benzene as well as lead paint, and welding rods, even though significant legal hurdles in these cases remain.
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