Wednesday, February 16, 2005

Asbestos claims could top $150m

Asbestos-related claims could cost the Accident Compensation Corporation at least $150 million in lump-sum payments over the next 10 years.

Figures released to the Herald under the Official Information Act show ACC could face costs ranging between $75 million and $415 million depending on the number of claims.

Medical experts say the final figure is likely to be higher than the "middle costing" of $150 million as the number of people with asbestos-related disease has been underestimated.

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