Asarco Asbestos Trust Fund: Claim Types, Payments and Legal Options
Explore the establishment, purpose, and claims process of the ASARCO Asbestos Personal Injury Settlement Trust, established in 2009 to manage and settle asbestos-related claims, ensuring fairness and consistency in their resolution.
Introduction to Asarco Asbestos Trust
In 2009, a significant development occurred in the asbestos personal injury realm with the inception of the ASARCO Asbestos Personal Injury Settlement Trust. Following the confirmation of ASARCO's Chapter 11 Joint Plan of Reorganization, the Trust manages and verifies valid claims related to asbestos personal injuries. Its central goal is to ensure that each claim receives a fair, equitable, and consistent evaluation and settlement, whether they exist currently or arise in the future.
Asarco Asbestos Trust Purpose and Functions
The primary objective of the ASARCO Asbestos Personal Injury Settlement Trust is to process, assess, and settle genuine asbestos-related personal injury claims. This is executed in line with the guidelines set by the ASARCO LLC Asbestos Personal Injury Settlement Trust Distribution Procedures. The overarching vision of the Trust is to maintain fairness and uniformity in treating all asbestos-related claims, providing a transparent platform for claimants.
Asarco Asbestos Trust Claim Submission and Resolution
In order to facilitate the smooth and transparent processing of claims, the Trust operates under a well-defined set of procedures and policies. These standards guide the claim submission process, which necessitates a specific claim form to be filled out as proof of the claim's validity. This form and the accompanying documentation ensure that each claim is verified, assessed, and addressed appropriately, promoting transparency and trustworthiness in the entire process.
Asarco Asbestos Trust Current Payment by Claim Type
Current payment amounts for each type of claim:
Mesothelioma Claims:
- Expedited Review: $170,000
- Individual Review: $900,000
- Ratio*: 22.0%
Lung Cancer Claims:
- Expedited Review: $60,000
- Individual Review: $150,000
- Ratio*: 22.0%
* 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.
Asarco Asbestos Products
- Capco Permaft ex Uaterpipe
- Capco Pipe Asbestos Cement Pipe
Asarco Trust Fund Asbestos Exposure Calculator
National average for mesothelioma lawsuit settlements typically range from $1.1 million to $1.5 million while lung cancer settlements may range between $150,000 and $350,000. Use Asbestos Compensation Calculator for a personalized compensation estimate.
Asarco Trust Fund Mesothelioma & Lung Cancer Compensation Calculator
Get a comprehensive mesothelioma or lung cancer compensation estimate after asbestos exposure form products related to Asarco Asbestos Trust Fund. Follow a few quick steps to receive your personalized result in seconds.
Asbestos & Mesothelioma Law Firm 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.
Flint Cooper is Helping Asbestos Victims for Over 30 Years
Flint Cooper provides expert legal counsel and powerful advocacy for mesothelioma clients.
$15 Billion Recovered for Clients
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