Critical votes are scheduled this week in the U.S. Senate on proposed legislation creating a $140 billion trust fund to handle asbestos claims, with important segments of the insurance industry
The administration's position was made known in the wake of last night's 98-1 vote to approve debate on the measure, a tally signaling it has gained enough momentum to have a good chance of passing t
Washington--The Senate agreed last night to take up legislation that would move settlement of asbestos claims out of the tort system--at least temporarily--setting the stage for a lengthy debate today fo
If successful, the bill -- the Fairness in Asbestos Injury Resolution (FAIR) Act, S. 852 -- will then face up to two weeks of floor debate, according to a schedule developed by Sen. Arlen Specter
Washington--Legislation moving settlement of asbestos claims out of the court system will face its first key test in the Senate tomorrow evening when supporters seek to win approval for floor debate of
A Texas Supreme Court decision to review its ruling giving carriers the ability in certain cases to pay a settlement and then seek a refund from the insured has set up a major battle between two
An analysis by the Consumer Federation of America contends that those who are driving less as a result of higher gasoline prices could save an average of 5-to-10 percent--about $47 to $94--on their
Federal prosecutors unveiled a criminal indictment last week accusing three executives formerly with General Re and one from American International Group of participation in sham reinsurance