The Law Offices of Wallace & Graham
Helping Asbestos & Mesothelioma Victims Nationwide
Call For A Free Consultation 888-698-9975

Asbestos injury claims mounting; $11 billion more anticipated

Exposure to asbestos has caused devastating injuries and even death for thousands of people. There have already been payments from insurers on such personal injury and wrongful death claims in North Carolina and nationwide which have totaled $51 billion to date. The insurers covering relevant claims set aside another $23 billion for pending and anticipated claims. Now a report from an insurance industry rating firm has indicated that claims are actually likely to ultimately cost an additional $11 billion on top of that.

Given that, it is essential for those seeking compensation for asbestos-related illnesses to have legal representation when pursuing claims against an insurance company or a third party such as a manufacturer or premises owner. If the amount set aside to handle the claims is not adequate to cover the actual damages caused by exposure to asbestos, it is all too likely that the defendants in these lawsuits will try to get out of paying victims the compensation for their losses and the financial support that they deserve and need.

Asbestos was, at one time, extremely common and popular as a building material and was used in a vast number of products. Its properties were highly valued for use as insulation and resistance to fires. For decades now, however, it has been clear that it poses an unacceptable risk to human health, causing mesothelioma, asbestosis and other deadly diseases, some of whose symptoms may not appear for years but then wreak havoc with a person's lungs and breathing passages.

In addition to liability for exposure over the years, people are still being newly exposed to asbestos when it is removed from demolished buildings and disposed of in unsafe and illegal ways. This means that people will continue to suffer from the effects of asbestos for decades.

Source: The Wall Street Journal, "Insurers May Face $11 Billion More in Asbestos Claims," Erik Holm, Dec. 17, 2012

No Comments

Leave a comment
Comment Information
EMAIL US FOR A RESPONSE

No Matter Where You Are, We're Here For You

Based in North Carolina, The Law Offices of Wallace & Graham represents clients nationwide. Call 888-698-9975, or contact us online for a free case evaluation. Our skilled and caring attorneys will explain your rights and fight for the justice you deserve.

Bold labels are required.

Contact Information
disclaimer.

The use of the Internet or this form for communication with the firm or any individual member of the firm does not establish an attorney-client relationship. Confidential or time-sensitive information should not be sent through this form.

close

Privacy Policy

The Law Offices of Wallace & Graham

525 North Main Street
Salisbury, NC 28144

Toll Free: 888-698-9975
Phone: 704-754-8242
Fax: 704-633-9434
Salisbury Law Office Map