Business Services Industry
Late News; Senate to take up class action bill Tuesday.(Insurance bill)
Business Insurance, July, 2004
The Senate plans to begin consideration of a class action reform bill late Tuesday. Senate Majority Leader Bill Frist, R-Tenn., had initially intended to bring the Class Action Fairness Act, S. 2062, to the floor June 1. But he delayed the vote after some Democratic supporters of the bill said they would oppose it unless the Senate first completed work on an unrelated defense bill.
The measure, which enjoys the support of risk managers and insurers, would allow the removal of certain class actions involving defendants and plaintiffs from different states to federal from state court, among other changes. Pennsylvania law clarifies insolvencies A new Pennsylvania law clarifies the relationship between large-deductible policyholders, insurers and guaranty funds...
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