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Key Issues Remain Unresolved On Asbestos Proposal Washington

The insurance industry is trying to develop a consensus proposal on how the industrys share of a proposed asbestos claims trust fund will be allocated, one of several contentious issues still to be resolved, industry representatives told the National Underwriter.

Nonetheless, the representatives said they remain hopeful that asbestos legislation can be enacted this year. The hope is that the Senate Judiciary Committee will vote on, or mark up, the legislation, S. 1125, next week.

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