Asbestos threat reducing

The asbestos threat for insurers is not as great as it once was, according to Glenn Brace, claims director of Lloyd’s run-off vehicle Equitas. Mr Brace told a Lloyd’s Members Association conference in London that the atmosphere in which asbestos laws are made and resolved in the US is changing rapidly, with several US states having made legislative changes designed to tighten the conditions under which asbestos-related claims can be made.