Moody's: An Asbestos Fund Won't Budge Ratings
NU Online News Service, April 25, 2:19 p.m. EDT?Creation of a national fund to settle asbestos claims would be a positive development for insurers, but it is unlikely to affect their financial strength ratings, Moody's Investors Service said.
A possible Congressional measure setting up a settlement agreement has recently been the focus of talks in Washington, involving legislators, insurers, labor unions and businesses subject to asbestos claims. Aspects of the legislation were the subject of an April 4 NU Online News report and an editorial in the April 14 National Underwriter print edition.
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