Senate Majority Leader Bill Frist (R., TN) has brokered an agreement between firms and insurance curriers for splitting the cost of an asbestos trust fund that lawmakers are trying to push through Congress. Insurers would pay $46 billion, and defendant firms up to $68 billion under the agreement. Initial plans required companies and insurers to each pay $45 billion.
A bill introduced by Senator Orrin Hatch (R., UT) had stalled because insurance carriers withdrew their support when the size of the trust increased. The potential cost of the fund rose to more than $150 billion after …
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