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Asbestos Reform Lives


The insurance industry has tentatively accepted a compromise asbestos reform funding proposal by Senate Majority Leader Bill Frist, R-Tenn., but will insist that any asbestos legislation contain safeguards to ensure certainty, finality and efficiency.

Anne Sittmann, a representative of the Des Plaines, Ill.-based National Association of Independent Insurers, said that the industry agreed to accept an offer from Sen. Frist to contribute $46.025 billion to a proposed asbestos claims resolution fund.

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