As mesothelioma claims rise, insurance companies are not exactly looking forward to paying out settlements. Both AIG and Hartford Financial have announced they would set aside billions for 2011 mesothelioma claims. The claims have resulted in huge losses for insurance companies, who are now worrying about not having sufficient funds for claims.
Mesothelioma is a rare form of cancer linked to the exposure of asbestos, a mineral found in nature. Mesothelioma affects the lining of the lungs, heart and chest cavities and can take up to 50 years to develop. For this reason, it is extremely difficult to both diagnose and treat the illness.
Mesothelioma symptoms may never even manifest or may result in subtle symptoms that do not cause the victim sufficient alarm to seek treatment. Although the cancer can be treated with chemotherapy, radiation and surgery, there is no cure for mesothelioma.
Since it can take so long for mesothelioma to develop, many insurance companies do not anticipate the claims and are hit hard when victims file lawsuits. And since usually, victims who are exposed to asbestos were exposed through employer negligence, the lawsuits can reach into the millions per case.
However, it appears as though at least one company dodged a bullet. Billionaire Warren Buffet said his investment firm, Berkshire Hathaway, would assume AIGâ€™s future mesothelioma claims in exchange for a one-time payment of $1.65 billion.
If you or someone you know is suffering with mesothelioma cancer, help is available to you right now to fight for your rights. Turn to a leading team of mesothelioma lawyers right away to ensure that you and your family receive the compensation you deserve. Mesothelioma attorneys fight for your rights and make sure that your case ends with the best possible outcome.
As a mesothelioma victim, you may be entitled to millions of dollars in money damages and medical care, and your mesothelioma attorney will ensure that you receive every last penny. They will investigate your history to uncover the source of your asbestos exposure and will make sure those responsible are held accountable for their actions.
Contact a top mesothelioma lawyer right away to discuss your options and file a case.