Breaking will be offline for scheduled maintenance Saturday, July 24 5 AM EST to 8:30 AM EST. We apologize for the inconvenience.


Thank you for sharing!

Your article was successfully shared with the contacts you provided.

NU Online News Service, June 5, 2:23 p.m. EDT

BROOKLYN N.Y.–Prior calculations of the U.S. property-casualty insurance industry’s ultimate exposure to asbestos claims have probably underestimated the amount by $10-to-$15 billion, an actuary predicted.

Noting, however, that the deficiency will be recognized over a long period, Raji Bhagavatula, a principal for Milliman who is well known for her work in analyzing asbestos reserves, said this development is not going to be a shocking event for the industry.


Join PropertyCasualty360

Don’t miss crucial news and insights you need to make informed decisions for your P&C insurance business. Join now!

  • Unlimited access to - your roadmap to thriving in a disrupted environment
  • Access to other award-winning ALM websites including, and
  • Exclusive discounts on PropertyCasualty360, National Underwriter, Claims and ALM events

Already have an account? Sign In Now
Join PropertyCasualty360

Copyright © 2021 ALM Media Properties, LLC. All Rights Reserved.