Asbestos-related losses paid by the U.S. insurance industry will eclipse $60 billion. Asbestos is a fire-resistant mineral that causes a health hazard. The first asbestos product lawsuit was filed in December 1966, in Beaumont, Texas. Asbestos was one of the first hazardous air pollutants regulated under the Clean Air Act of 1970. The use of asbestos dates back to the Greeks and Romans.
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