U.S. Insurers Try to Stop Asbestos Bill

[Nambe]

WASHINGTON (Reuters)

nsurers wrote to Senate Majority Leader Bill Frist on Friday to try to stop a bill creating an asbestos compensation fund of up to $153 billion from ever reaching the Senate floor.

Concerned that nearly half the fund's cost would fall on a handful of insurance companies, the American Insurance Association's President Robert Vagley told Frist it was essential to fix the "corrupt asbestos litigation system" but that the bill was "grossly unfair" and the wrong way to do it.

The measure would take thousands of asbestos lawsuits out of the courts and instead compensate victims from a trust, to be funded by industry and insurers. The bill narrowly cleared the Senate Judiciary Committee on Thursday. ---

[lfairban]

1. This should be called the Halliburton bail out bill . . .

. . . see Cheney, Halliburton financed sponsors of bill to limit asbestos-suit liability

More on Halliburton and Asbestos:
http://home.columbus.rr.com/lfairban/Pages/Corporate.htm#Asbestos

More on asbestos:
http://home.columbus.rr.com/lfairban/Pages/Asbestos%20Thin.htm

Government agecies that address asbestos issues:
http://home.columbus.rr.com/lfairban/Pages/Government%20Asbestos%202000.htm

[I AM SPARTACUS]

3. Halliburton Bailout II...(Bailout I was the blank check in Iraq)

[goforit]

2. These insurance companies are a crock of crap!!!

They take all your money and then refuse to support you
when your life is at stake!!!

This is plain robbery!!!!!!!!!