Description

How did Asbestos almost bring down Lloyds of London?

Welcome to the Insurance vs History Podcast! In my fifth (and supersized!) episode, I discuss the various reasons why Asbestos and the insurance crisis surrounding Asbestos liability claims in the 1980s nearly brought down the entire Lloyds marketplace. Join me for a deeper dive into General Liability Insurance, an explanation of the Asbestos crisis, and Names at Lloyds!  

Links:

• How the Names lost their shirts | Money | The Guardian
• The $200 Billion Miscarriage Of Justice Asbestos lawyers are pitting plaintiffs who aren't sick against companies that never made the stuff--and extracting billions for themselves. - March 4, 2002 (fortune.com)
• Asbestos Litigation | RAND
• The Bitter Fight Over the Manville Trust - The New York Times (nytimes.com)
• TSHA | Borel v. Fibreboard Paper Products Corporation (tshaonline.org)

Law Journal Articles (sorry, no links):

• Assessing the Coverage Carnage: Asbestos Liability and Insurance after Three Decades of Dispute By Jeffrey W. Stempel, 2005. 12 Conn. Ins. L.J. 349 (2005-2006)
• Asbestos Litigation Reform By Janet Brierton, Associate Legislative Attorney, Feb 17, 2004 OLR Research Report

Books:

• AN Air That Kills: Andrew Schneider, David McCumber: 9780399150951: Amazon.com: Books
• Ultimate Risk: The Inside Story of the Lloyd's Catastrophe: Raphael, Adam: 9781568580562: Amazon.com: Books
• On the Brink: How a Crisis Transformed Lloyd's of London: 9781137299291: Economics Books @ Amazon.com
• Dust-Up: Asbestos Litigation and the Failure of Commonsense Policy Reform: Barnes, Jeb: 9781589017665: Amazon.com: Books

Hire These People:

• My audio editor, and AMAZING Voice Over Actor—who did all the VO for this episode: Zach Stinnett

Music Credits:

• Boulangerie by Jeremy Sherman, courtesy of NeoSounds: Boulangerie, LynneMusic | NeoSounds music library

Contact Me:

• insurancevshistory@gmail.com