Asbestos Reserves Pose Re Challenges

Topics:
Insurance
Tags:
Business Operations,
Corporate Insurance,
Exposure,
Insurance,
Insurance Company,
Liability
Source:
National Underwriter Company

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Overview: While asbestos litigation continues to be in the spotlight, projections of the ultimate asbestos liabilities for individual defendants, insurers and reinsurers are difficult to make. Many benchmarks are used to measure asbestos exposures, but the best way to evaluate an insurer's or reinsurer's potential liabilities is to review the ground-up exposure. This means identifying the underlying insureds that will present claims, projecting the ultimate liabilities for each, allocating the losses to year and comparing them to all identified coverage that is available to respond to the claims. This article provides perspectives for reinsurers on performing exposure-based analyses to better manage asbestos liabilities.

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Format: PDF | Size: 63KB | Date: Sep 2002 | Pages: 4

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