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Swiss manufacturer's asbestos compensation fund draws fire; Critics claim amount is insufficient to meet all claims.

Publication: Business Insurance
Publication Date: 23-OCT-06
Format: Online
Delivery: Immediate Online Access
Full Article Title: Swiss manufacturer's asbestos compensation fund draws fire; Critics claim amount is insufficient to meet all claims.(Eternit AG)

Article Excerpt
Byline: MICHAEL BRADFORD

NIEDERURNEN, Switzerland-A Swiss building products company has established a 1.25 million Swiss francs ($983,750) fund to provide aid to former employees and residents near its factories who suffer from asbestos-related illnesses, a move that is drawing fire from legal advocates for the victims.

Eternit A.G. is developing guidelines for distribution of the funds that will go to claimants according to the degree of their financial need, a spokesman for the Niederurnen, Switzerland-based company said. For decades, the company produced...

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