Combustion Engineering Asbestos Trust Fund: Claim Types, Payments and Legal Options

Discover the purpose and functions of the Combustion Engineering 524(g) Asbestos PI Trust, how to submit and resolve claims, and gain insights on their procedures.

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 Combustion Engineering Asbestos Trust

Established under Combustion Engineering, Inc.'s revised plan in 2005, the Combustion Engineering 524(g) Asbestos PI Trust serves as an essential avenue for processing and addressing asbestos-related personal injury claims.

Combustion Engineering Asbestos Trust Purpose and Functions

The Combustion Engineering 524(g) Asbestos PI Trust, from now on referred to as "the Trust," was formed with the chief aim to assess, finalize, and remit valid claims related to asbestos-caused injuries. The Trust operates based on the distinct guidelines laid out in the Trust Distribution Procedures (TDP). As per the TDP's provisions, the Trust embraces a systematic approach that includes a defined set of policies and procedures to handle the reception, evaluation, and remuneration of claims tied to asbestos-induced harm.

Combustion Engineering Asbestos Trust Claim Submission and Resolution

For those intending to file a claim with the Trust, they need to be acquainted with certain specifics. The Trust provides a dedicated claim form, which serves as a testimonial of the claim against the Trust. Additionally, detailed filing instructions accompany this form. Those opting for digital submissions must complete an electronic filer agreement, ensuring seamless online interactions.

Combustion Engineering Asbestos Trust Current Payment by Claim Type

Current payment amounts for each type of claim:

Mesothelioma Claims:

Expedited Review: $75,000
Individual Review: $400,000
Ratio*: 20.0%

Lung Cancer Claims:

Expedited Review: $25,000
Individual Review: $150,000
Ratio*: 20.0%

* 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.

Combustion Engineering Asbestos Products

Block Stick
Boilers
Buck Stay Cement A- 1360
Calcrete Insulating Cement
Castablock Insulating Cement
Expansion Joint Hat
Fibrous Adhesive
Gunisul
Hilite Insulating Cement
Kaiser Hard Top Insulating Cement
Kaiser M Block Insulation
Lite Wate 22
Lite Wate 50
MHD Finishing Cement
Mix A
Permiseal Weathercoating
Pyroscat Fireproofing Cement
SDK 50 Cement
Stick-Tite Insulating Cement
Stic-Tite Cement
Super 711 Insulating Cement
Super Finish Insulating Cement
Super Finish Stick-Tite Insulating Cement
Super Stick-Tite Insulating Cement
Utility Thermal Finish Cement
WeatherKote Protective Air-Check Cement
WeatherKote Protective Coating
WeatherKote Protective Duriseal
WeatherKote Protective Thermal Coat

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.