Archive for the ‘Asbestos Compensation News’ Category
Equitas And Employers Liability Policy Trigger Litigation
Equitas, the reinsurance vehicle created by Lloyd’s of London to pay off all the liabilities of Lloyd’s reinsurance syndicates for policies written before 1993 and asbestos-related claims, many of which go back to the 1950s and 60s, have just recently announced it would “ … make (ex-gratia) payments to mesothelioma victims in situations where they would have been compensated by a Lloyd’s policy but the company no longer exists or cannot be traced.”
Whilst news of large scale, asbestos industries continue to predominate amongst the 52 known, active mineral using nations, principally Canada, India, China and Russia, stories in the UK press regularly surface, which serve as a reminder of this country’s own horrific legacy of asbestos awareness denial.
Asbestos Claim Ruling Boost To Hospices.
Latest estimates forecast cases of mesothelioma are likely to peak at around 2,500 a year in the next ten years. It was therefore, landmark news in August, when a high court ruled that an employer responsible for exposing a former worker in the 1950s to asbestos, who later died from contracting the deadly cancer, mesothelioma, should pay the hospice a part of the mesothelioma compensation awarded for the care received.