But then again, some advice is worth heeding - like "Read all the way to the end before you make up your mind." Case in point:
Washington (Reuters, February 1) - A group of asbestos defendant companies and insurers has declared its opposition to a Senate proposal curbing asbestos claims, and warned that industry groups working on the plan do not necessarily represent them.Faced with literally hundreds of thousands of injury claimed related to asbestos, two industry alliances have been negotiating with Congress to set up a $140 billion fund for claimants with the proviso that the industry would be shielded from further liability.
The group sent a letter dated Jan. 28 to Senate Judiciary Committee Chairman Arlen Specter, a Pennsylvania Republican, complaining the latest draft of his plan for a compensation fund to replace asbestos suits "raises serious concerns."
So wait - this fund would limit the companies' liability and yet this group of defendants is opposing it? What gives?
Rather than set up [the] fund, as Specter's plan suggests, it was time to consider other solutions, the group said - such as legislation setting medical criteria for asbestos victims to bring claims against companies.Ah. So the idea here is that the limitation on corporate liability is actually too good a deal for victims of asbestos-related conditions and what we should do is make it harder for anyone to make a claim in the first place.
Whew. Balance is restored.
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