P/C insurers' 2008 asbestos, environmental losses declined

12/6/2009 | Business Insurance (tiered subscription model)

Property/casualty insurers saw their 2008 asbestos and environmental losses drop to their lowest levels since 2000, according to a report from A.M. Best. The industry's net-incurred asbestos losses last year fell by 49.9% from 2007 levels to about $1.3 billion. Environmental losses declined to about $400 million, down by 41.3% from the year before, the report said.

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