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Recent estimates suggest that between 2009 and 2050 asbestos claims will cost the insurance industry £11 billion in the UK alone, while for many other countries the problem is only just beginning. Clearly, the asbestos problem is far from over and insurers, along with governments, face an increasingly difficult time when it comes to paying claims fairly and expediently – and assessing just how much claims are likely to cost in the future.
Asbestos is not just a problem of the past, nor is there an identifiable point in the future by which we can stop worrying about its legacy. In various countries around the world asbestos production and consumption continues unabated, storing up problems for the future. In countries that have banned the use of asbestos, such as the UK, the continued presence of this material in buildings public and private will have consequences for decades to come.Asbestos – the Future Risk is a special report that pulls together the historical background as to how this mineral came to be so widely used; the medical view of asbestos related diseases and their treatment; the current patterns of consumption that indicate where future claims may come from; and current practice for dealing with asbestos in the built environment, exposure to which has spread asbestos-related diseases to people outside those occupations that worked directly with asbestos.
Containing the latest available data on the subject, Asbestos: The Future Risk from the team behind Run Off & Restructuring provides an all-round update on the present state of knowledge and sets out the challenges faced by claimants, governments, private companies, public authorities, lawyers and insurers.