Financial Services Industry
Industry: Email Alert RSS FeedTort reform battle looms in Senate.
National Underwriter Property & Casualty-Risk & Benefits Management, March, 1995 by Brostoff, Steven
WASHINGTON - While a broad tort reform bill was recently approved by the House of Representatives, reform opponents are planning an all-out battle in the Senate, which they expect to win, according to the president of the American Tort Reform Association. "It will be Armageddon," Sherman Joyce said at the annual legislative conference of the Alexandria, Va.-based National Association of Professional Insurance Agents.
"Consumer groups and trial lawyers will go all out and they expect to win," Mr. Joyce said. "Their track record is pretty good." Mr. Joyce said he does not believe a bill as broad as the one that passed the House can be enacted in the Senate. He expects a two-track process in the Senate, he said. The Senate Commerce Committee, he said, will probably...
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