Legislation creating a 140-billion-dollar trust fund to compensate victims of asbestos exposure will be debated on the floor of the US Senate in January, top Senate Republican Bill Frist of Tennessee, seen here in October 2005, announced.
Legislation creating a 140-billion-dollar trust fund to compensate victims of asbestos exposure will be debated on the floor of the US Senate in January, top Senate Republican Bill Frist announced.
.The fund, which would be managed by the US Labor Department, would help resolve a decades-old litigation crisis and would provide payments to thousands of US victims.
.The bill was reached with the input of insurers, trial lawyers, labor groups and manufacturers, was approved in May by the Senate Judiciary Committee. The measure would create a trust fund, financed by companies and insurers facing lawsuits, to compensate victims of asbestos exposure.
.The money for the fund would be provided by the insurance industry, business groups, and companies that once used asbestos in their products. In return for receiving compensation from the fund, asbestos victims would give up their right to sue.
.Asbestos, a naturally occurring mineral, was used until the mid-1970s in a variety of products, including fireproofing, insulation and car brakes, but was found to be a major cause of mesothelioma, a cancer of a membrane in the chest, and asbestosis, a progressive scarring of the lungs that can cause fatal breathing problems.
.Between 1940 and 1980 more than 27.5 million workers were exposed to the substance and asbestos related ailments currently affect tens of thousand of US families.
.Experts say that because asbestosis and mesothelioma both have long latency periods before the diseases surface, millions more people may yet fall ill. — AFP
Legislation creating a 140-billion-dollar trust fund to compensate victims of asbestos exposure will be debated on the floor of the US Senate in January, top Senate Republican Bill Frist announced.
.The fund, which would be managed by the US Labor Department, would help resolve a decades-old litigation crisis and would provide payments to thousands of US victims.
.The bill was reached with the input of insurers, trial lawyers, labor groups and manufacturers, was approved in May by the Senate Judiciary Committee. The measure would create a trust fund, financed by companies and insurers facing lawsuits, to compensate victims of asbestos exposure.
.The money for the fund would be provided by the insurance industry, business groups, and companies that once used asbestos in their products. In return for receiving compensation from the fund, asbestos victims would give up their right to sue.
.Asbestos, a naturally occurring mineral, was used until the mid-1970s in a variety of products, including fireproofing, insulation and car brakes, but was found to be a major cause of mesothelioma, a cancer of a membrane in the chest, and asbestosis, a progressive scarring of the lungs that can cause fatal breathing problems.
.Between 1940 and 1980 more than 27.5 million workers were exposed to the substance and asbestos related ailments currently affect tens of thousand of US families.
.Experts say that because asbestosis and mesothelioma both have long latency periods before the diseases surface, millions more people may yet fall ill. — AFP
Legislation creating a 140-billion-dollar trust fund to compensate victims of asbestos exposure will be debated on the floor of the US Senate in January, top Senate Republican Bill Frist announced.
.The fund, which would be managed by the US Labor Department, would help resolve a decades-old litigation crisis and would provide payments to thousands of US victims.
.The bill was reached with the input of insurers, trial lawyers, labor groups and manufacturers, was approved in May by the Senate Judiciary Committee. The measure would create a trust fund, financed by companies and insurers facing lawsuits, to compensate victims of asbestos exposure.
.The money for the fund would be provided by the insurance industry, business groups, and companies that once used asbestos in their products. In return for receiving compensation from the fund, asbestos victims would give up their right to sue.
.Asbestos, a naturally occurring mineral, was used until the mid-1970s in a variety of products, including fireproofing, insulation and car brakes, but was found to be a major cause of mesothelioma, a cancer of a membrane in the chest, and asbestosis, a progressive scarring of the lungs that can cause fatal breathing problems.
.Between 1940 and 1980 more than 27.5 million workers were exposed to the substance and asbestos related ailments currently affect tens of thousand of US families.
.Experts say that because asbestosis and mesothelioma both have long latency periods before the diseases surface, millions more people may yet fall ill. — AFP
Legislation creating a 140-billion-dollar trust fund to compensate victims of asbestos exposure will be debated on the floor of the US Senate in January, top Senate Republican Bill Frist announced.
.The fund, which would be managed by the US Labor Department, would help resolve a decades-old litigation crisis and would provide payments to thousands of US victims.
.The bill was reached with the input of insurers, trial lawyers, labor groups and manufacturers, was approved in May by the Senate Judiciary Committee. The measure would create a trust fund, financed by companies and insurers facing lawsuits, to compensate victims of asbestos exposure.
.The money for the fund would be provided by the insurance industry, business groups, and companies that once used asbestos in their products. In return for receiving compensation from the fund, asbestos victims would give up their right to sue.
.Asbestos, a naturally occurring mineral, was used until the mid-1970s in a variety of products, including fireproofing, insulation and car brakes, but was found to be a major cause of mesothelioma, a cancer of a membrane in the chest, and asbestosis, a progressive scarring of the lungs that can cause fatal breathing problems.
.Between 1940 and 1980 more than 27.5 million workers were exposed to the substance and asbestos related ailments currently affect tens of thousand of US families.
.Experts say that because asbestosis and mesothelioma both have long latency periods before the diseases surface, millions more people may yet fall ill. — AFP