Call to reject asbestos compensation fund

Insurers in the US have urged Congress to reject the Fairness in Asbestos Injury Resolution Act which looks to establish a $140bn national asbestos compensation fund. AIG, Chubb, Liberty Mutual, Zurich and other insurers want Congress to focus on setting national medical criteria for asbestos claimants. However, the bill is supported by other insurers and by some US insurance associations, as well as Republican leaders.