Tuesday, March 28, 2006

Asbestos and Environmental Losses Edge Toward Peak as Funding Gap Narrows

Publication Date: March 27, 2006
Advisen -- Environmental
Source: BestWire Services

"During 2004, U.S. property/casualty insurers narrowed the funding gap in their asbestos and environmental loss reserves, principally for asbestos liabilities, as a result of last year's pretax charge of nearly $6 billion..."