Senate Asbestos Victim Fund Found Inadequate
"An economic consultant yesterday said a Senate proposal for a $140 billion trust fund to compensate asbestos victims is inadequate. The fund might need $300 billion to $695 billion over 50 years to cover the claims of workers suffering lung cancer or other illnesses caused by asbestos, according to a private study done by Bates White LLC, an economic consulting group. 'I did not expect to find this result when I started this,' Charles E. Bates, the consulting group's president, told the Senate Judiciary Committee yesterday. His firm was hired by a nonprofit public-policy group."
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