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…

ASBESTOS LITIGATION: U.K. Insurers Seek to Dispute Payout Ruling

Aviva plc, AXA UK plc, RSA Insurance Group plc, and Zurich Global Corporate UK Limited launched a legal challenge against a new law, which allows Scottish workers suffering from exposure to asbestos to sue for compensation, The Herald reports.

The four…