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Looking Back and Forward on Asbestos Claims

There have been many developments in the asbestos claims arena. Asbestos costs have been affected by a number of important developments in the past two years, and it is expected that activity level will be high this year. Particularly significant in 2014 was the Garlock case, which set a precedent for increased transparency of relevant facts in asbestos litigation. In addition, there are legislative activities at the federal and state levels that include increasing transparency. This article focuses on trends in asbestos litigation, and highlights that there are environmental insurance products available for new exposure to asbestos.