ACandS Asbestos Trust Fund: Claim Types, Payments and Legal Options

Explore the ACandS Asbestos Trust's purpose, claim processes, and vital functions in settling asbestos personal injury claims. This guide provides a comprehensive overview of the trust's role and procedures in claim resolution.

Table of Contents
Introduction
Trust Purpose and Functions
Claim Submission and Resolution
Current Payment by Claim Types
Asbestos Products
Legal Options & Free Legal Consultation

Introduction to ACandS Asbestos Trust

The ACandS Asbestos Trust emerged in 2008 following the confirmation of the ACandS Chapter 11 Joint Plan of Reorganization. Designed to address and settle valid asbestos personal injury claims, this trust has since played a pivotal role in ensuring claimants receive their due compensation in line with its Amended Trust Distribution Procedures.

ACandS Asbestos Trust Purpose and Functions

Established as a product of the ACandS Chapter 11 Joint Plan of Reorganization, the trust serves as a critical mechanism to process, validate, and eventually pay genuine asbestos-related personal injury claims. The trust operates in adherence to its Amended Trust Distribution Procedures, providing a transparent and streamlined process for claim resolution.

ACandS Asbestos Trust Claim Submission and Resolution

For individuals seeking compensation, the trust has detailed protocols to ensure an organized claim submission. Essential resources such as the claim form, submission guidelines, electronic filer agreement, and a thorough copy of the Trust Distribution Procedures can be sourced from the trust's online resource section.

It's important to note that claim submissions commenced on May 26, 2009. The trust recognized November 23, 2009, as the primary Claim Filing Date. Consequently, all claims presented between these dates are considered filed on the initial date, with their processing order determined by Section 5.1(a)(1) of the Trust Distribution Procedures.

ACandS Asbestos Trust Current Payment by Claim Type

Current payment amounts for each type of claim:

Mesothelioma Claims:

Expedited Review: $150,000
Individual Review: $150,000
Ratio*: 4.0%

Lung Cancer Claims:

Expedited Review: $50,000
Individual Review: $50,000
Ratio*: 4.0%

* The trust funds ensure a fixed percentage of compensation known as a "ratio", which reserves funds for potential future victims based on the claim's worth.

ACandS Asbestos Products

2000 Degree F. Block Insulation
27-B Soam Filler
85% Magnesia Block
85% Magnesia Cement
85% Magnesia Pipe Covering
Accobest AN-8012
Accobest AS-474 Gasketing Material
Accobest AS-8073
Accopac AD-8024 Asbestos Paper
Acoustical Cements (306, 314/waterproof, 340/panel-board)
Adhesives
Aircell Block & Sheets
Aircell Insulations
Aircell Pipe Covering
Amblerex
Armabestos Pipe Covering and Block
Armaglas Pipe and Duct Insulation
Armalite
Armaspray
Armatemp Cement
Armatemp No. 166 Cement
Armatemp Pipe & Equipment Insulation
Armflex Covering & Sheets
Armflex Insulation
Asbestos Ceiling Board
Asbestos Cement
Asbestos Felt
Asbestos Floor Tiles
Asbestos Insulating Cement
Asphalt (Oil) Floor Tile
Asphalt Putty
Bestfelt Pipe Covering, Block and Sheets
Box Toe
Calcium Silicate Pipe Covering
Cork Board
Cork Pipe Covering
Duplex Woolfelt Pipe Insulations
Firebrick
Gasket Material – Beater Saturated
High Temp Block Insulation
High Temp Cement
High Temp Pipe Covering
Hydrocord Felt
Hy-Temp Block
Hy-Temp Cement
Hy-Temp Pipe Covering
Kamatt Pipe Covering
Kaylo-20
Kaylo Pipe Covering and Block
Kaytherm Block
K&M Asbestos Insulating Cement Amblerex No. 2
K&M Asbestos Insulating Cement Mineral Wool
K&M Asbestos Insulating Cement No. 151
K&M Asbestos Insulating Cement No. 152
K&M Asbestos Insulating Cement Velvet Hard Finish
K.P. Asbestos Floats
Limpet Spray
LK Pipe Covering
LT Cork Covering
LT Pipe Covering
Mani-Ply Pipe Insulation
Mastics
Mattison
Millboard
Minalok
Mineral Wool Cement
Nesecone Ablation Material
Non-Parell High Pressure Covering, Block and Cement2
Other Cements
Paper and Range Boiler Jackets
Perforated/Unperforated Asbestos Cement Ceiling Board
Plasticork
Resurfacer
Rollboard
Roofing Materials
Rubber Tile
S-89
S-90
Sealers
Simplex Pipe Insulations
Sundries: Emulsions
Temlok
Tiles
V-18 High Temperature Block
Vinyl Asbestos Tile

Asbestos Law Firms Near You

National law firms, with their experience in handling cases and trust fund claims across the country, can be a smart choice. Opting for a nationwide firm means you'll have a team of lawyers who know the ins and outs of asbestos cases in every state. They'll figure out the best place to file your claim and make sure it's done within the legal deadlines, all to get you the maximum possible compensation.