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.

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 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

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.