environmental impact to numerous coastal and commercial businesses. Asbestos litigation, perhaps the longest casualty catastrophe on record, has paid out over USD70 billion and by some accounts may be entering its third wave. Therefore, asbestos is an emerging crystalizing risk that needs to be continuously monitored, measured and modeled for those who continue to be exposed to it. Casualty catastrophes, unfortunately, do not follow patterns - unlike property catastrophes. The geographies, natural conditions and other indicators of hurricanes, earthquakes and other property disasters offer some relative sense of predictability. A risk management. Link to Part I>> Click here to register to receive e-mail updates >>