
Tort is technical and operational risk of insurers 275
bankruptcy of more than 70 firms. The number of jobs lost due to these lawsuits is
thought to be 60 000, and according to some estimates the cost of associated court
actions could reach $200 billion.
Asbestos litigation is one of the best examples not only of tort, but also on its
spillover. Slowly, such litigation has spread from firms involved directly in the mining
of asbestos or the manufacture of and sale of asbestos-based products, to others that
had only some dealings with asbestos producers, and therefore peripheral
involvement.
Interests embedded in current tort legislation see to it that ...