Insurers' asbestos woes set to rise
UK insurers and property owners face insolvency if they fail to find a solution for the growing numb...
UK insurers and property owners face insolvency if they fail to find a solution for the growing number of asbestos-related disease claims, warned Peter Taylor, partner at Lovells solicitors.
Speaking at the Arc Congress 2004, he told delegates that the demographics of asbestos use in the UK bring disturbing conclusions.
In addition to the large number of ongoing disputes, Taylor believes the bulk of claims are still to come, in particular from the secondary user market, for example, where people
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