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20 June 2019
Mary Elizabeth C. Stern and Lucy P. Allen
Director Mary Elizabeth C. Stern and Managing Director Lucy P. Allen have released “Filings Decline but Average Dollars per Resolved Claim Reach a New High, Snapshot of Recent Trends in Asbestos Litigation: 2019 Update,” NERA’s eleventh annual review of asbestos-related litigation in the United States. The authors report on a dataset of more than 150 asbestos defendants dating back to 2001, describing trends in filings, payments, dismissal rates, and more.
Highlights from the 2019 update include:
In addition to reviewing SEC filings of asbestos defendants, NERA analyzed data from the National Cancer Institute Surveillance, Epidemiology, and End Results (SEER) Program on the incidence of mesothelioma diagnoses in the United States. (These data are reported with a lag and now only available through 2016.) Analysis of this data indicates that mesothelioma incidence fell 9% in 2016, after inching up over the prior three years.