Asbestos claims will cost insurance companies an additional $11 billion, according to a report at mesothelioma.com. Analyzing data from the A.M Best Company, insurance companies have already paid out over $50 billion in asbestos-related claims. The rising costs of insurance claims stemming from asbestos injuries shows no signs of slowing down, according to the report.
Insurance experts attribute the high cost of asbestos claims to the following:
- The long dormancy period of mesothelioma – it is often decades before symptoms develop after initial asbestos exposure
- The high success rate of asbestos injury lawsuits
- The high payout to asbestos victims and their families
- The large amount of people who suffered from asbestos exposure in the 1970’s and 1980’s
Asbestos victims should not have to spend their life savings dealing with mesothelioma. Patients can often trace their asbestos exposure to an employer or company that failed to warn them about deadly asbestos fibers. These negligent and careless parties should compensate mesothelioma victims and their families.
Call our office at 504-522-7885 to speak with a skilled mesothelioma attorney. We offer a free and confidential case review. Our mesothelioma website has more information on how we can help you.
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