Insurers, Policyholders Facing New Hurdles with Increase in Asbestos Premises Claims

subReclassification and Filing of Claims Under Limitless Premises/Operations Coverage Could Be a Windfall for Some, Crushing Blow to Othersendsub

icTendiche insurance industry has for decades eyed the asbestos litigation with an understanding that, barring any unforeseen changes, it would begin winding down by the beginning of the 21st Century.

photo-1 However, bankruptcies and recent changes in the asbestos litigation climate not limited to the influx of so-called new defendants have, by some estimation, placed the end as distant as 2050.

For insurers, the next 50 years could prove as costly as the last.

According to reports, the majority …