When Insurers Can Object To Asbestos Trusts ...

Law360, New York (November 30, 2011, 6:22 PM EST) -- An article by the National Underwriter Company discusses a recent Moody’s report that asbestos claims are again on the rise after years of declining or flat claims.[1] This has led several insurers to increase their asbestos reserves, and Moody’s views this trend as a warning flag for the property and casualty insurance industry as a whole.

One major means of addressing asbestos claims has been through an asbestos settlement trust implemented under section 524(g) of the United States Bankruptcy Code.

These trusts are typically funded by...
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