Product Liability Bill Failure May Be Blessinq In Disguise.

National Underwriter Property & Casualty-Risk & Benefits Management, July, 1998

The apparent failure, following the recent crucial Senate procedural vote, of the product liability reform proposal developed by the Clinton administration and Senate leaders may prove to be a blessing in disguise. While the inability to move the controversial, severely compromised bill is certainly a blow to those reform advocates who have been fighting this battle for more years than anyone can remember, the fact remains that the legislation drew flat-out opposition from many in the business community and raised significant concerns in the insurance industry.

We should note that product liability reform advocates vow to bring the bill up again before Congress adjourns in October. With both the White House and Congressional leaders on the same page for the first...

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