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2014 U.S. Asbestos Liability Dashboard

Published Apr 10, 2014

2 pages (407 words) — Published Apr 10, 2014

Price US$ 999.00 | Buy this Report Now

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Brief Excerpt:

... reservestobedeficientby$2billion-$9billionatyear-end2013,basedonestimated ultimateindustrylossesof$85billion,totalpaidlossesof$53billionandcurrent reservestotaling$23billion.Asbestosreservesmakeupnearly4%oftotalindustry reserves.Theindustry2013survivalratiowas10.3xversusFitch'stargetof11x-14x. BerkshireHathaway,Inc.hasassumedalargeportionofindustryreservesthrough retroactivereinsuranceagreements,whichisreflectedinitsGAAPresults. Continued Steady Incurred Loss Expansion U.S.P/Cinsurers'reportedincurredlossesrelatingtoasbestosexposuresaveraged approximately$2billionannuallyforthelastfiveyears.Domesticcompanieswith materialasbestos-relatedincurredlossesin2013includeLibertyMutualHoldingCo., Inc.($236million),TheTravelersCompanies,Inc.($190million)andFactoryMutual InsuranceCompany($152million). Earnings Drag Likely to Persist Asbestos-relatedlossesarelikelytocontinuetobleedthroughinsurers'earnings,but...

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MLA:	Fitch Research. "2014 U.S. Asbestos Liability Dashboard " Apr 10, 2014. Alacra Store. May 22, 2025. <http://www.alacrastore.com/fitch-credit-research/2014-U-S-Asbestos-Liability-Dashboard-745195_report_frame>

APA:	Fitch Research. (). 2014 U.S. Asbestos Liability Dashboard Apr 10, 2014. New York, NY: Alacra Store. Retrieved May 22, 2025 from <http://www.alacrastore.com/fitch-credit-research/2014-U-S-Asbestos-Liability-Dashboard-745195_report_frame>

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