Financial Services Industry
Industry: Email Alert RSS FeedGuy Carpenter examines silica.(NATIONAL REPORT)
Claims, April, 2005
In recent months, silica litigation has developed two major trends, according to a report from Guy Carpenter & Co. As a large percentage of silica lawsuits have been filed in Texas and Mississippi, the study examines two decisions recently made in Texas courtrooms.
The risk and reinsurance firm's newest study is an update to its 2004 report, Silica: A Liigation Sandstorm. Although the 2004 report discussed the nature of silica claim exposure and the options for analyzing and responding to the risk, the update seeks to discern trends in the U.S. legal system, comments on the ultimate potential cost of silica litigation, and provides a review of the silica liability issue in Europe.
The Texas Supreme Court's ruling in Gomez v. Humble highlights one of...
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