Ruxley Ventures, a boutique buyer of asbestos, pollution and
health (APH) liabilities, warned today (3 September) that European
insurers are more complacent than US counterparts in managing
legacy asbestos liabilities at a time of renewed claims activity.
Recent headline grabbing awards include a $48mn pay-out to an 86-year-old former construction worker in California for mesothelioma - a disease related to asbestos exposure.
"If we take recent legal actions, claims filing data and the unforeseen new claimant groups together, there is...
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