NU Online News Service, Feb.1, 1:48 p.m. EST

A United Kingdom actuaries' organization, doubling previous calculations, now estimates insurers there could face asbestos-related claims of ?10 billion ($16 billion) in the next 40 years.

The findings by the UK Asbestos Working Party, concerning mesothelioma cancer claims related to asbestos, were noted in Moody's Weekly Credit outlook, which said the new estimate has potentially negative implications for UK property and casualty insurers.

Recommended For You

Want to continue reading?
Become a Free PropertyCasualty360 Digital Reader

Your access to unlimited PropertyCasualty360 content isn’t changing.
Once you are an ALM digital member, you’ll receive:

  • Breaking insurance news and analysis, on-site and via our newsletters and custom alerts
  • Weekly Insurance Speak podcast featuring exclusive interviews with industry leaders
  • Educational webcasts, white papers, and ebooks from industry thought leaders
  • Critical converage of the employee benefits and financial advisory markets on our other ALM sites, BenefitsPRO and ThinkAdvisor
NOT FOR REPRINT

© Touchpoint Markets, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more inforrmation visit Asset & Logo Licensing.