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.

Recommended For You

Want to continue reading?
Become a Free PropertyCasualty360 Digital Reader

Your access to unlimited PropertyCasualty360 content isn’t changing.
Once you are an ALM digital member, you’ll receive:

  • Breaking insurance news and analysis, on-site and via our newsletters and custom alerts
  • Weekly Insurance Speak podcast featuring exclusive interviews with industry leaders
  • Educational webcasts, white papers, and ebooks from industry thought leaders
  • Critical converage of the employee benefits and financial advisory markets on our other ALM sites, BenefitsPRO and ThinkAdvisor
NOT FOR REPRINT

© Touchpoint Markets, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more inforrmation visit Asset & Logo Licensing.