Major insurance companies told members of the Senate last weekthey oppose legislation approved by a committee that would taptheir revenues for the bulk of a $140 billion asbestos trustfund.
The bill was reported out by the Senate Judiciary Committee May26 by a convincing 13-5 margin.
In outlining their objections, the group appeared to giveimplicit support for alternative legislation that would merelyestablish medical criteria for settling claims. That legislationwas introduced in May, but only in the House.
Continue Reading for Free
Register and gain access to:
- 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
Already have an account? Sign In Now
© 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.
