Insurers Note Encouragement with Advancement of Federal Asbestos Litigation Reform Legislation

Asbestos litigation reform legislation introduced Wednesday by Senate Majority Leader Bill Frist (R-Tenn.) and Senate Judiciary Committee Chairman Orrin Hatch (R-Utah) represents a significant step forward in the effort to address the concerns of victims as well as the business community, according to the American Insurance Association (AIA). However, AIA will reportedly continue pushing for further, meaningful improvements to the bill as Senate debate approaches.

News Source: Insurance Journal | Published: April 8, 2004 | Read Full Story

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