NU Online News Service, May 13, 7:06 p.m. EDT, Washington–Democratic House Judiciary Committee members have asked the Government Accountability Office to report on possible problems with an asbestos injury trust fund that forms an integral part of a proposal the Senate is crafting to deal with asbestos litigation.
In a letter to Comptroller General David M. Walker, Democratic members of the House Judiciary Committee asked the GAO "study the efficacy, fairness, and solvency of various trust funds and programs established to compensate individuals for harm caused by mass torts and other exposure to dangerous materials and products."
Specifically, the letter asks the GAO to review other similar programs created by Congress to compensate victims, such as the Energy Employees Occupational Illness Compensation Program Act and the Radiation Compensation Act.
Want to continue reading?
Become a Free PropertyCasualty360 Digital Reader
Your access to unlimited PropertyCasualty360 content isn’t changing.
Once you are an ALM digital member, you’ll receive:
- Breaking insurance news and analysis, on-site and via our newsletters and custom alerts
- Weekly Insurance Speak podcast featuring exclusive interviews with industry leaders
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical converage of the employee benefits and financial advisory markets on our other ALM sites, BenefitsPRO and ThinkAdvisor
Already have an account? Sign In Now
© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.