Insurers Writing New Asbestos Trust Plan

Insurers Writing New Asbestos Trust Plan Washington A high-level group of insurance industry executives met last week to find common ground on the hotly contentious ...

By Steven Brostoff | Updated on September 16, 2003

Insurers Writing New Asbestos Trust Plan

Washington

A high-level group of insurance industry executives met last week to find common ground on the hotly contentious legislative issue of asbestos litigation reform, National Underwriter has learned.

While there is a broad consensus that the bill approved by the Senate Judiciary Committee, S. 1125, is unacceptable, sources said, industry leaders are trying to see whether an alternative package can be developed that would be acceptable to all the stakeholders in the system, including insurers, manufacturers and organized labor. One package being outlined includes a trust fund component.

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