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Posts tagged "insurance companies"

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.

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