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.

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 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

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.