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By Susan Cornwell WASHINGTON, Jan 20 (Reuters) - Progress in curbing asbestos suits at the state level and fewer claims at one of the biggest existing trusts has some questioning the need for a $140 billion national compensation fund.
While U.S.
lawmakers have haggled for years over creating an asbestos fund, laws were passed in Texas, Ohio, Florida and Georgia that impose medical criteria on asbestos lawsuits and make it harder for unimpaired claimants to sue.
Other states have cracked down on out-of-state residents "forum shopping" for favorable venues and Manville Trust, the largest of the corporate trusts set up in bankruptcy to compensate victims, tightened its medical criteria in 2003 and its claims have since plunged.
"With all this...
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