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Groups Warn On Asbestos Bill Cost; Threaten Opposition Washington

As the Senate Judiciary Committee tried to develop a consensus asbestos litigation reform bill, insurance groups expressed concerns over the rapidly increasing costs of the package.

In a joint letter to Senate Judiciary Committee Chairman Orrin Hatch, R-Utah, the Alliance of American Insurers, the National Association of Independent Insurers and the National Association of Mutual Insurance Companies said there must be finality in the legislation.

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