Posted on 11.24.25
Net incurred asbestos losses and costs jump 29%: S&P
Source: https://www.businessinsurance.com/, November 17, 2025
By: Claire Wilkinson
The U.S. property/casualty insurance industry’s net asbestos liability reserves declined again last year, even as net incurred asbestos losses and loss adjustment expenses jumped by 29%, S&P Global Market Intelligence said Monday.
The increase in asbestos losses and costs raises concerns about reserve adequacy and evolving litigation patterns, S&P said in its analysis. Read more.
