In November 2012 we wrote this article, “Asbestos Lung Cancer Cases: Number Of Filed Lawsuits Increasing Across The U.S.”
Now, a year later, we get confirmation there is a growing number of lawsuits concerning lung cancer related to asbestos exposure from this November 2013 report found at the Business Insurance website, “Asbestos, environmental insurance claim losses up 12% in 2012: Best”:
Asbestos and environmental insurance claim losses increased in 2012 due to a rising number of asbestos-related lung cancer lawsuits, A.M. Best Co. Inc. said Monday.
The Oldwick, N.J.-based rating agency said annual asbestos and environmental insurance losses rose 12% last year, compared with a 31% decrease in 2011. Best estimated that as of December 2012, the U.S. property/casualty industry faced $85 billion in net ultimate asbestos losses, up from the agency’s 2011 estimate of $75 billion.
“This comes amid a rising number of lung cancer lawsuits related to asbestos and evolving mass tort exposures on the environmental side,” Best said in a statement.
Likewise, at our law firm we are hearing from more people who worked with or around asbestos-containing products long ago that have been diagnosed with lung cancer many years later (due to the latency period, or delay, between asbestos exposure and cancer diagnosis).
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