Skip to main content
placeholder image

Accounting and long-tail liabilities: the case of asbestos

Grant


Scheme


  • Grant

Abstract


  • Long-tail liabilities arising from occupational and environmental exposure to toxic products creates a potential for â¬Smanufactured uncertaintyâ¬ý for corporations. These toxic products include tobacco, beryllium, benzene, chromium, lead, pharmaceuticals and importantly, asbestos. Asbestos provides a unique case because asbestosis and mesothelioma are both sequelae of asbestos exposure. Combined with a long latency period this uncertainty in the timing and quantum of claims is exacerbated.

Date/time Interval


  • 2010

Local Award Id


  • 12049

Scheme


  • Grant

Abstract


  • Long-tail liabilities arising from occupational and environmental exposure to toxic products creates a potential for â¬Smanufactured uncertaintyâ¬ý for corporations. These toxic products include tobacco, beryllium, benzene, chromium, lead, pharmaceuticals and importantly, asbestos. Asbestos provides a unique case because asbestosis and mesothelioma are both sequelae of asbestos exposure. Combined with a long latency period this uncertainty in the timing and quantum of claims is exacerbated.

Date/time Interval


  • 2010

Local Award Id


  • 12049