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Industry Improves Its Position With United On Asbestos Reform

The insurance industry faces a difficult road ahead in the effort to reform the asbestos litigation mess, but it strengthened its position immeasurably by agreeing to remain unified on a set of basic principles that must be in any legislation.

After weeks of intra-industry fighting over whether the current asbestos legislation, S. 1125, could be fixed, the industry at last coalesced around a common position that is both fair and reasonable.

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