Mesothelioma Insurance Companies Are Not The Victims

Apparently though, insurance companies would have you think differently. According to the insurance firms who had contracted with asbestos defendants, they are the true victims. These were firms that purportedly had no knowledge of the ongoing negligence by the companies with which they were doing business and therefore had no idea that this current "flood" of mesothelioma claims would in time be in the pipeline.

In reality, they likely charged a premium for that risk and are now trying to dodge responsibility. Now that the insurance firms are on the hook, at least partially, for the damages, they are trying every tactic possible to either limit their own liability or make it tougher for mesothelioma victims to sue in the first place.

They're argument lacks any substance when you consider that exposure to asbestos is expected to claim roughly 500,000 lives in the U.S., peaking in 2015. The reason there are so many plaintiffs is because there are so many people sick, dying and grieving because asbestos defendants produced dangerous products and/or failed to warn employees and consumers about the risks.

What's driving insurance firms' sudden activism is a recent ratings report that insurers will need to set aside at least $85 billion to cover these claims - $11 billion more than expected. That still only breaks down to about $170,000 per patient.

One of the most blatant means by which insurance firms are trying to muzzle mesothelioma victims is through the political lobbying group The American Legislative Exchange Council. ALEC has been active in teaming up with legislators in Ohio, West Virginia, Louisiana, Oklahoma, Texas and at the federal level to protect corporations from exposure to claims by making it tougher for victims to file suit. Legislation in these places has been introduced or has been drafted, which makes more requirements of plaintiffs and drags the process out much longer. Meanwhile, these companies have full knowledge that doing so is likely to make the life of the lawsuit outlast the life of the plaintiff.

Is it any wonder then that insurance companies fare poorly in terms of overall public trust? Recent surveys have shown that while more than 70 percent of Americans trust retailers and 65 percent trust food manufacturers, less than 40 percent trust insurance companies.

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