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Posts tagged "insurance"

Float is not on the side of asbestos victims

A recent news story examines how insurance companies controlled by Berkshire Hathaway pay claims, and found what appears to be a pattern of delay. While delay is a business practice that nets Berkshire Hathaway extra time to earn money on premiums policy holders have paid, it costs asbestos victims the...

Asbestos to cost insurers another $11 billion in claims

Asbestos-related insurance claims will continue to increase in the future, according a recent report from A.M. Best, an insurance rating company. The report explains that insurers' exposure to claims from mesothelioma, asbestosis and other asbestos-related medical claims could be as much as $11 billion more than the $23 that the...