Monthly Archives: June 2006

Labor Unions say US asbestos fund needs billions quickly

Reuters reported this week about half the $124 billion proposed for a national asbestos victims fund would be needed within five years, according to organized labor which is participanting in talks on creating such a fund.

It was reported the AFL-CIO analysis surprised business representatives and insurers at the negotiations trying to craft the fund to replace asbestos injury lawsuits that are said to be crippling many companies. "It appears to be a step away from the table, as opposed to a step towards agreement," said Julie Rochman, spokeswoman for the American Insurance Association.

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About Kevin
Kevin Coluccio was recently named one of the Top 10 Super Lawyers in Washington State. He has long history of successful asbestos law cases and has a stellar reputation for getting result sfor his asbestos injury cases.