NU Online News Service, May 20, 3:12 p.m.EDT--A measure preventing asbestos lawsuits by those whocannot show medical proof of injury was signed into law yesterdayby Texas Republican Gov. Rick Perry.

|

The bill, establishing medical criteria that must be provedbefore filing, makes Texas the fourth state with Florida, Georgiaand Ohio to require such medical proof. The new law also abolishesthe statute of limitations so that claimants retain their right tosue should symptoms develop.

|

"Texas is helping to set the national trend regarding asbestoslitigation reform," said Joe Woods, regional manager for theProperty Casualty Insurers Association of America.

|

The legislation will remove a majority of claims that areclogging up the system and allow the true asbestos victims to gainfair and quick compensation, he added.

Want to continue reading?
Become a Free PropertyCasualty360 Digital Reader

  • All PropertyCasualty360.com news coverage, best practices, and in-depth analysis.
  • Educational webcasts, resources from industry leaders, and informative newsletters.
  • Other award-winning websites including BenefitsPRO.com and ThinkAdvisor.com.
NOT FOR REPRINT

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.