Lawyers asbestos compensation for suffering from a malignant tumor and other diseases related to asbestos (asbestos, asbestos lung cancer) due to the health risks associated with exposure to asbestos was known by product manufacturers long before regulated metal.
RAND Institute began civil justice (ICJ) analysis of asbestos litigation in the early 1980s in the study was the first study of costs and compensation paid to asbestos personal injury claims. Other reports followed, tracking what is now mass tort litigation inu.s. history.
Document enclosed briefing "asbestos litigation in the United States:" new look "in" old "issue, is the first stage of the recent study of the International Court of Justice. It collects data and current situation regarding key aspects of this question: how many claims submitted, the amount of compensation and how high you might go this growing quickly? How good is serving his injured workers claims litigation? What is the balance between the compensation paid and the costs to achieve this? What are the economic costs are imposed on litigation in the country and who holds them? Are there strategies to resolve asbestos lawsuits that will be more efficient and equitable?
The briefing was prepared for meetings with staff of the Senate Judiciary Committee and the House Judiciary Committee. And provides preliminary answers to these questions depend largely on data collection available in published sources and on interviews with participants in the litigation, including the plaintiff's counsel and the court appointed defense neutrals and insurance claims managers.
This concludes the first phase of the study group of the implications of the policies proposed by the initial results. The researchers noted that, despite the claims of more than 500,000, this might be less than half those that eventually come forward. All major asbestos defendants will likely be in bankruptcy within 24 months, as a warning. But before that happens, there is an opportunity to revisit and rethink the asbestos national strategy.
The following two stages of the study, scheduled to be completed by the spring of 2002, will provide a more detailed analysis of these and other questions are based on data collection efforts for the brand, and a review of the epidemiological literature, an analysis of the consequences of asbestos litigation solution through bankruptcy proceedings, and some account of the likely size and character of future litigation. The research team also made recommendations.
