San Diego CA (PRWEB) December 07, 2012
Resource4thePeople is informing consumers who may have been affected by exposure to asbestos that Fitch Ratings is estimating that future payouts in asbestos litigation could climb to as much as $85 billion.
Fitch Ratings, which is headquartered in both New York City and London is among the services designated by the U.S. Securities and Exchange Commission as one of the "Big Three" credit rating agencies.
Resource4thePeople notes that in a recent posting Fitch found that industry reserves in this area may be deficient by $2 billion to $8 billion in the short term but predicts the insurance industry will be "strongly capitalized" in the long run.*
Resource4thePeople provides asbestos victims with referrals to attorneys who are offering free consultations to those who have been diagnosed with mesothelioma, asbestosis, lung cancer and other asbestos-caused diseases.
These consultations are designed to provide guidance on what compensation may be available for medical costs, loss of wages, pain and suffering and other expenses. There are legal time limits involved so such victims should contact Resource4thePeople as soon as possible to preserve all legal options. http://www.resource4mesothelioma.com/
Asbestos is a known carcinogen that causes such devastating cancers such as mesothelioma, asbestosis and lung cancer. The disease develops after individuals are exposed to microscopic particles of asbestos that lodge themselves in the linings of the lungs, heart or abdominal organs.
Over several decades, these particles fight off the body's immune system and generate cancer cells which form tumors and can spread to other parts of the body.
The American Cancer Society estimates that about 3,000 new cases of mesothelioma -- the most common asbestos-caused cancer -- are diagnosed each year and that many of them are caused by exposure in a work-related. environment.**
One of the reasons that mesothelioma is so deadly is that it has an unusually long latency period. Victims may not become symptomatic until several decades after they were exposed to asbestos.
In such cases traditional cancer treatments such as surgery, chemotherapy and radiation are not effective, as the Mayo Clinic describes:***
"What treatment you undergo for mesothelioma depends on your health and certain aspects of your cancer, such as its stage and location. Unfortunately, mesothelioma often is an aggressive disease and for most people a cure isn't possible. Mesothelioma is usually diagnosed at an advanced stage — when it isn't possible to remove the cancer through an operation. Instead, your doctor may work to control your cancer to make you more comfortable."
Rescource4thePeople notes that although asbestos is a common component in older roofing, insulation, flooring and other construction uses, it normally does not pose a danger. However, when disturbed, such as in a natural disaster or in demolition or renovation, these fibers can be released into the atmosphere.
For instance, increased fears of asbestos exposure were heightened in the aftermath of the 2001 9/11 terrorist attacks, particularly in New York City, where the World Trade Center buildings collapsed, sending a cloud of toxic debris over much of the city.
After first refusing to provide insurance and medical benefits for firefighters, paramedics, police and other responders to the catastrophe who claimed they were exposed to asbestos and other dangerous materials a government fund reversed itself and included these cancers on the list of health problems covered.****
Resource4thePeople expressed fears similar to those now being sounded in the aftermath of Superstorm Sandy, which last month pummeled much of the Eastern U.S. seaboard and may have exposed millions of people to toxic materials.*****
These concerns were voiced in a recent profile presented on NBCNEWS.com:
"From his perch on top of his father’s house in Breezy Point, N.Y., Ken Court can see an array of health disasters in the making.
'There are asbestos roofs that have collapsed near the ocean,' says Court, a 52-year-old roofer. 'There is a lot of dust. You see people walking around with masks on. You use the hand cleaners all day long.'
Breezy Point sits at the tip of the peninsula jutting into the waters south of Brooklyn where Jamaica Bay, New York Bay and the Atlantic Ocean come together. Much of the close-knit, blue-collar neighborhood was destroyed when Superstorm Sandy hit three weeks ago – swamped in the storm surge, roofs ripped by flailing winds or burned to the ground in a six-alarm fire that took out block after block of homes.
Now it’s one of the last places left without power or clean water, with no ETA on when either will be restored. And as Court works day in and day out to clean up the mess, he sees long-term trouble wherever he looks.
'You should really wear masks. I remember that everyone in 9/11, when they went there to help, they got sick,' Court told NBCNews in a telephone interview.
Asbestos and other chemicals from the collapsed World Trade Centers created a pall of dust that persisted in lower Manhattan for months after the Sept. 11, 2001 attacks.
Firefighters, police and other rescue workers are eligible for federal compensation for the illnesses they have developed since the cleanup – most recently 50 different types of cancer.
People who were in the area have higher death rates in general than similar populations, and were especially likely to develop respiratory diseases and asthma. Asbestos can cause a rare type of lung cancer called mesothelioma."