ASBESTOS UPDATE: Aviva Reserves GBP1.019B for A&E Claims in 2008
Aviva plc’s net initial asbestos- and environmental-related reserves for unpaid losses and loss adjustment expenses were GBP1.019 billion as of Dec. 31, 2008, compared with GBP323 million as of Dec. 31, 2007.
The Company’s gross initial A&E reserves for unpaid losses…