Asbestos Bill Makes Sense
It was good news indeed for the insurance industry and risk managers to hear that Congress might be ready to seriously consider legislation to resolve the increasingly messy asbestos litigation controversy.
As this editorial went to press, there was not yet a formal piece of legislation drafted. But Julie Rochman, senior vice president of public affairs for the Washington-based American Insurance Association, which is a key player in the asbestos initiative, tells NU that the basics will be relatively straightforward.
Right now, there is some tension between lawyers who represent plaintiffs who are clearly ill from asbestos-related problems, and those who represent plaintiffs who might one day become sick, but who are not ill today. The bill will attempt to make sure that claims made by those who are not ill do not reduce the amount of money available to compensate those suffering from asbestos-related illnesses right now.
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