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November 02, 2004

Surge in British asbestos claims will cost billions

A surge in asbestos-related claims over the coming decades could land British insurers and employers with a bill of up to £20bn, according to research by actuaries published yesterday.

The study nails the myth that asbestos is "yesterday's problem" with its prediction that as many as 200,000 new insurance claims from British workers who were exposed to the deadly mineral are expected over the next 30 years or so.

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Posted by Tom Troceen