The Asbestos Litigation Crisis

The asbestos litigation crisis refers to the massive increase in legal claims from individuals suffering health problems, like mesothelioma, caused by asbestos exposure, primarily from past industrial use. Asbestos, once common in construction and manufacturing, was later found to be highly toxic. Thousands of lawsuits have overwhelmed courts and insurance companies, leading to significant financial strain on asbestos trust funds and insurers. This crisis highlights challenges in managing widespread legacy liabilities, balancing justice for victims, and ensuring financial sustainability amid ongoing claims.