asbestos reserves News

Following a review of recent years’ asbestos related claims and litigation activity and insurers’ paid and incurred loss experience, Fitch has raised projection for ultimate all-time U.S. industry incurred losses to $100 billion compared with a previous estimate of $90 …

Hartford Financial Services Group Wednesday warned it will badly miss second-quarter expectations after severe losses on natural disasters and a charge to increase its asbestos reserves. Hartford, one of three insurers to receive a government bailout during the financial crisis, …