Industry hopeful on class action bill.(Vote Postponed, insurance industry)

National Underwriter Property & Casualty-Risk & Benefits Management, June, 2004 by Brostoff, Steven

THE INSURANCE INDUSTRY IS optimistic that class action reform legislation can be enacted this year following an agreement by U.S. Senate leaders to postpone a procedural vote. "This is good news," said Gary Karr, a representative of the Washington-based American Insurance Association. The Senate, he said, has unanimously agreed to take up class action reform, S.

2062, after finishing work on a defense bill. The bill, Mr. Karr noted, has been hung up for awhile, but now will be considered without any procedural votes. He said he believes the legislation will pass and will eliminate the worst abuses. Anne Sittmann, a representative of the Property Casualty Insurers Association of America in Des Plaines, Ill., said PCI is pleased that the Senate agreed to...

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