Seeking Alpha

Insurers could face $11B more in asbestos-related claims than the $23B they currently have set...

Insurers could face $11B more in asbestos-related claims than the $23B they currently have set aside, says A.M. Best. It's not enough to cripple the industry (Sandy claims are about $22B), but investors have sold in the past when companies have announced additions to reserves. Those maybe touched: HIG and TRV, and also BRK.B, which has taken on billions in exposure through reinsurance deals.
Comments (0)
Be the first to comment
DJIA (DIA) S&P 500 (SPY)