Kaiser Aluminum Asbestos Trust Fund: Claim Types, Payments and Legal Options
An overview of the Kaiser Asbestos Personal Injury Trust, outlining its purpose, claims submission process, and resolution methods.
Introduction to Kaiser Aluminum Asbestos Trust
Established in 2006, the Kaiser Asbestos Personal Injury Trust is a critical instrument to manage and settle asbestos-related injury claims. This formation resulted from the Kaiser Aluminum & Chemical Corporation Chapter 11 Joint Plan of Reorganization.
Kaiser Aluminum Asbestos Trust Purpose and Functions
Originating from The Kaiser Aluminum & Chemical Corporation's restructuring plan, the Trust's primary mission is to assess, settle, and distribute payments for legitimate asbestos injury claims. The governing rules and criteria for these processes are laid out in the Amended Trust Distribution Procedures (often referred to as the "TDP").
Kaiser Aluminum Asbestos Trust Claim Submission and Resolution
For those looking to submit claims, the Trust has set out a specific claim form to be presented as proof. From December 18, 2006, claims were officially accepted by the Trust. Importantly, any claims submitted between December 18, 2006, and June 18, 2007, were considered as filed on June 18, 2007, the Initial Claim Filing Date. Processing of these claims adheres strictly to the procedures highlighted in Section 5.1(a)(1) of the TDP.
Kaiser Aluminum Asbestos Trust Current Payment by Claim Type
Current payment amounts for each type of claim:
Mesothelioma Claims:
- Expedited Review: $70,000
- Individual Review: $380,000
- Ratio*: 15.5%
Lung Cancer Claims:
- Expedited Review: $27,500
- Individual Review: $85,000
- Ratio*: 15.5%
* 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.
Kaiser Aluminum Asbestos Products
- Birdsboard – a Mirawal building product with asbestos cement core
- Coelex 60 Unitab Brick
- Hard Top Finishing Cement – Mud
- KR 1202/1204 M/C Brick
- M-Block Insulation
- Plastic Insulation Cement
- Plastic KK-N
- Plastic K-N Plastic Chrome Ore
- Plastic Ram
- Super D Block Insulation (6% Amosite)
- Vee Block Insulation
- Vee Block Mix/Castable Insulating Cement
- Wool Cement
Kaiser Aluminum 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.
Kaiser Aluminum Trust Fund Mesothelioma & Lung Cancer Compensation Calculator
Get a comprehensive mesothelioma or lung cancer compensation estimate after asbestos exposure form products related to Kaiser Aluminum 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.
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