WASHINGTON–Insurance industry opponents of a proposed national trust fund for asbestos exposure victims remained largely unconvinced today that changes made by the sponsors of the legislation would assuage their concerns.
At a hearing of the Senate Judiciary Committee, the bill's sponsors, chairman Arlen Specter, R-Pa., and Ranking Minority Member Patrick Leahy, D-Vt., spoke of the improvements in the bill, the Fairness in Asbestos Injury Resolution Act, now also known as S. 3274.
“Today, we discuss an improved bill,” said Sen. Leahy. “The chairman and I have been responsive to concerns from many interested parties, and we have refined the bill to accommodate many of these concerns.”
Continue Reading for Free
Register and gain access to:
- 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.
