A House Judiciary subcommittee explored the problem of asbestos fraud and asbestos bankruptcy trusts on September 9. Professor Lester Brickman's testimony presents a good summary of the issue. Businessman Mike Carter testified about the effect on job creation from his family business being repeatedly sued (104 times by 2223 individual plaintiffs) as a tertiary defendant—despite never manufacturing an asbestos product or ever facing a workers' compensation claim for asbestos-related injury. (See also ILR.) Moody's has said that "[r]ecent disclosures by three insurance companies regarding increased asbestos claims are a 'warning flag' for those companies and the U.S. property and casualty industry as a whole." [LNL; LNL; Main Justice; RAND]