Insurance vs Asbestos and the Names at Lloyds

Insurance Vs History

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:

• [e-mail]