NEW YORK–The head of the Property Casualty Insurers Association of America has vowed to defeat the latest proposal from Sen. Arlen Specter, R-Pa., for a federal fund to pay asbestos injury claims.

“We’re going to fight this one. We’re going to resist it. We’re going to try to kill this one. It deserves to be killed,” Ernie Csiszar, president and chief executive officer of PCI, told executives gathered for Standard & Poor’s 23rd annual insurance conference, “Insurance 2006: Rethinking Risk,” Tuesday in New York.

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