Insurance industry opponents of a proposed national trust fund for asbestos exposure victims remained largely unconvinced last week that changes made by the sponsors of the measure would ease their concerns.
At a hearing of the U.S. 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 S. 3274, called the Fairness in Asbestos Injury Resolution Act.
Among the changes to the FAIR bill is increased oversight of medical criteria and claims through random audits of both medical and exposure evidence submitted by claimants, as well as the requirement that claimants sign a detailed affidavit chronicling their exposure.
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