Insurers face £8bn payout - papers 17 May

Yesterday's court ruling that insurance companies must pay out for sufferers of cancers caused by exposure to asbestos could cost the UK insurance industry up to £8bn The Scotsman says. Five thousand people are dying of asbestos illnesses each year, but that figure is expected to rise dramatically over the next 15 years as the diseases caused have a long latency period before manifesting themselves. And this will lead to rising insurance premiums, The Scotsman says, even as many sufferers and their families yesterday said they still expected insurance companies to dealy paying o...