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Mesothelioma Bill will Result in Shake up for Insurance Industry

The Mesothelioma Bill is going through Parliament. There was a heated debate about the  proposed start date for the scheme, with arguments for it to start earlier.

Lord Howarth of Newport said “for decades, they (the insurance companies) coined money. They made a very great deal of money, particularly in insuring against long-latency diseases, because they did not have to pay out for such a long period.” With an increase in the number of claims being made following diagnosis the insurers will have to face this head on.

It was also argued for the extension of the scheme to self-employed workers and to people who were in the same household as someone exposed to asbestos, which is good news for claimant personal injury lawyers who wish to represent the families of both the victim’s and those also diagnosed with the disease.