Washington--Despite changes made by the Senate JudiciaryCommittee, proposed legislation to establish a $140 billion trustfund 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., PCIPresident Ernst Csiszar said that in spite of changes made by thecommittee, the asbestos bill, known as S. 852, "is unacceptable andwe will continue to oppose the bill unless substantial improvementsaddressing insurer concerns are made."

Mr. Csiszar stated that his criticism should not be taken as aslight at Committee Chairman Arlen Specter, R-Penn., Ranking MemberPatrick Leahy, D-Vt., or any of the committee members.

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