A NATIONAL UNDERWRITER COMPANY
Search
 

Asbestos Reform Negotiations Collapse

In early May, negotiations over legislation to establish a national asbestos victim compensation trust fund were suspended. The talks, which were mediated by retired Federal Judge Edward Becker, had

X

Thank you for sharing!

Your article was successfully shared with the contacts you provided.

In early May, negotiations over legislation to establish a national asbestos victim compensation trust fund were suspended. The talks, which were mediated by retired Federal Judge Edward Becker, had been initiated by Senate Republican Leader Bill Frist and Senate Democratic Leader Tom Daschle following the failure of a Republican-sponsored bill that would have created a privately financed fund of up to $124 billion. Democrats and labor groups had argued that the bill did not offer enough compensation for victims and would deny them their rights to sue.

Recommended Stories

Is cyber risk insurable?

Nina Cunningham, Altman Weil |

In an environment of moving targets, policies must be carefully read and updated as risks increase and change over time.

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 © 2019 ALM Media Properties, LLC. All Rights Reserved.