When I was a kid my family lived in military base housing in Bridgeport California. The house was hauled up from the US concentration camp at Manzanar and was covered in decaying asbestos siding. Chipped, broken, etc. I've worked in the public drinking water sector for over a decade and removed, repaired, and handled asbestos pipe in the past more times than I want to remember. No issues as of yet but who knows down the line.
It's expensive to have removed. I don't know how it works in the private sector in the public sector it's my understanding that we own this stuff forever. Even if it gets hauled off by a licensed and certified hazmat company if they dump it somewhere illegally and it gets traced back to us we are responsible. It's a nightmare. I think the handling laws are a good thing as I've seen a contractor have some young kids in a ditch cutting the stuff dry and dust was flying everywhere. I called OSHA on his ass faster that you could say non compliance.