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Insurers Get A Big Payoff From Asbestos Bill: Study

NU Online News Service, May 11, 3:23 p.m. EDT, Washington--Public Citizen, a consumer group, issued a report yesterday stating that the current draft of ...

By Arthur D. Postal | Updated on February 04, 2005

NU Online News Service, May 11, 3:23 p.m. EDT, Washington–Public Citizen, a consumer group, issued a report yesterday stating that the current draft of asbestos legislation would provide huge benefits for the insurance industry.

The report was issued a day before the Senate Judiciary Committee began to vote on amendments to the bill that would create an alternative claims handling mechanism for asbestos with a $140 billion trust fund to pay injury claimants.

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