X

Thank you for sharing!

Your article was successfully shared with the contacts you provided.

Washington–Despite changes made by the Senate Judiciary Committee, proposed legislation to establish a $140 billion trust fund for compensating asbestos victims is still deeply flawed, according to the Property Casualty Insurers Association of America (PCI).

In a letter to Senate Majority Leader Bill Frist, R-Tenn., PCI President Ernst Csiszar said that in spite of changes made by the committee, the asbestos bill, known as S. 852, “is unacceptable and we will continue to oppose the bill unless substantial improvements addressing insurer concerns are made.”

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.