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News round-up - Insurers fail in bid to stop compensation for pleural plaques.

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| March 01, 2005 | COPYRIGHT 2005 Financial Times Ltd. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan.  All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)Copyright

(From Reinsurance)

Insurers have failed in their attempt to evade responsibility for compensating thousands of victims of asbestos exposure, according to a landmark judgement in a test case announced in the High Court in Newcastle-Upon-Tyne.

Norwich Union and British Shipbuilders challenged the right of people exposed to asbestos to claim compensation for pleural plaques,a scarring of the lining of the lungs caused by exposure to asbestos that indicates an increased risk of developing asbestos-related illness (including the fatal disease mesothelioma). The judge, Mr Justice Holland, rejected their argument, ruling that pleural plaques is a cause of anxiety that should be compensated.

Although the insurers succeeded in having the awards ...

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