Tide turns on insurers’ exposure to asbestos claims

Standard & Poor’s Ratings Services has published an article on the current state of asbestos exposure for insurers. The article, entitled “The Tide Has Finally Turned On Insurers’ Exposure To Asbestos Claims,” says that the asbestos exposure of interactively rated companies “is fully reflected in Standard & Poor’s current ratings, given current favourable trends in the legal and legislative environment for asbestos claims. Some additional reserving is expected prospectively, but it won’t be on the scale seen from 2002 to 2004.”