X

Thank you for sharing!

Your article was successfully shared with the contacts you provided.

Washington–Major insurance companies wrote the Senate yesterday they oppose legislation approved by a committee that would tap their revenues for part of a $140 billion trust fund that would be created to settle asbestos health claims.

The bill was reported out by the Senate Judiciary Committee May 26 by a convincing 13-5 margin. In outlining their objections the group appeared to give implicit support for alternative legislation that would merely establish medical criteria for settling claims. That legislation was introduced in May, but only in the House.

Want to continue reading?
Become a Free
PropertyCasualty360 Digital Reader.

INCLUDED IN A DIGITAL MEMBERSHIP:

  • 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.

Already have an account?

PropertyCasualty360

Join PropertyCasualty360

Don’t miss crucial news and insights you need to make informed decisions for your P&C insurance business. Join PropertyCasualty360.com now!

  • Unlimited access to PropertyCasualty360.com - your roadmap to thriving in a disrupted environment
  • Access to other award-winning ALM websites including BenefitsPRO.com, ThinkAdvisor.com and Law.com
  • Exclusive discounts on PropertyCasualty360, National Underwriter, Claims and ALM events

Already have an account? Sign In Now
Join PropertyCasualty360

Copyright © 2021 ALM Media Properties, LLC. All Rights Reserved.