The US Senate is voting today on whether to consider a Bill to halt asbestos lawsuits and pay victims from a $140bn privately financed fund.
More than 70 US companies have faced bankruptcy following hundreds of thousands of asbestos claims.
The vote is necessary as Democrats had objected to the tabling of the Bill by Republican Senator Bill Frist.
Democrat Senator Harry Reid said that the Bill does not sufficiently address the concerns of asbestos victims and allows companies to limit their liabilities. He called it "a terrible piece of legislation."
Under the Bill, the lawsuits would be ended and asbestos injury claims paid out of the fund instead. It would be financed by asbestos defendant companies and their insurers.
The 2025 Insurance Times Awards took place on the evening of Wednesday 3rd December in the iconic Great Room of London’s Grosvenor House.
Hosted by comedian and actor Tom Allen, 34 Gold, 23 Silver and 22 Bronze awards were handed out across an amazing 34 categories recognising brilliance and innovation right across the breadth of UK general insurance.
Hosted by comedian and actor Tom Allen, 34 Gold, 23 Silver and 22 Bronze awards were handed out across an amazing 34 categories recognising brilliance and innovation right across the breadth of UK general insurance.
Many congratulations to all the worthy winners and as always, huge thanks to our sponsors for their support and our judges for their expertise.
