Financial Firm: Expect a Tidying Up of Asbestos Reserves
Among Insurers

icFendicinancial ratings service, Fitch Ratings, has issued its latest report on emerging asbestos trends, this time attempting to gauge the impact that a future of asbestos claims, which is predicted to be as expensive as its past, may have on the insurance industry.

Overall, Fitch predicts that the development of asbestos claims over the next several years will have a moderately negative impact on insurer ratings, but that recent developments will likely serve to keep in check the number of insurers rendered insolvent by the mass tort.

"Due to the generally high …