Insurers trying to move away from pledge-Specter

Newswire

WASHINGTON, June 29 (Reuters) - Some U.S. insurers are trying to back away from an industry pledge to put up $46 billion for an asbestos compensation fund, a senator said on Wednesday. "They ought to keep their word," Sen. Arlen Specter, who is co-sponsoring a bill to create the $140 billion fund, said of the insurance industry. He spoke to reporters after separate meetings on Capitol Hill with several insurance company CEO's and billionaire investor Warren Buffett. Reinsurance company ...

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