Asbestos Longest Litigation In US History.

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Asbestos Longest Litigation In US History.

jason

09th October 2006

Asbestos litigation is the longest, most expensive mass tort in U.S. history, involving more than 6,000 defendants and 600,000 claimants.[14] Current trends indicate that the rate at which people are diagnosed with the disease will likely increase through the next decade. Analysts have estimated that the total costs of asbestos litigation in the USA alone will eventually reach $200 billion. Due to the prevalence of asbestos, it is normally part of the scope of a Phase I Environmental Site Assessment to inspect for potential asbestos in a building which is being sold.

The volume of the asbestos liability has alarmed the manufacturers and insurance industry. The amounts and method of allocating compensation have been the source of many court cases, and government attempts at resolution of existing and future cases.