Owens Corning Asbestos Trust Fund Claim Types & Payments

Owens Corning Asbestos Trust Fund: Claim Types, Payments and Legal Options

The Owens Corning Fibreboard Asbestos Personal Injury Trust serves as a resolution mechanism for valid asbestos-related injury claims following the bankruptcy of Owens Corning and its subsidiary, Fibreboard. This article offers insights into the Trust's core purpose, claim submission, and resolution process.

Introduction to Owens Corning Asbestos Trust

Established after Owens Corning and its subsidiary Fibreboard's bankruptcy, the Owens Corning Fibreboard Asbestos Personal Injury Trust plays a pivotal role in addressing and settling asbestos-related personal injury claims. This guide aims to shed light on the fundamental operations of the Trust and assist potential claimants in navigating the process.

Owens Corning Asbestos Trust Purpose and Functions

The Trust's primary mandate revolves around addressing and disbursing payments for legitimate asbestos-related personal injury claims against the mentioned defendants and any associated protected parties. This is done in strict adherence to the Trust Distribution Procedures (TDP), which have been sanctioned by the bankruptcy court.

The inception of the Trust underscores the commitment of Owens Corning and Fibreboard to transparently and justly address all asbestos-related claims that fall under their legal jurisdiction.

Owens Corning Asbestos Trust Current Payment by Claim Type

Current payment amounts for each type of claim:

Mesothelioma Claims:

Expedited Review: $215,000

Individual Review: $650,000

Ratio*: 5.9%

Lung Cancer Claims:

Expedited Review: $40,000

Individual Review: $150,000

Ratio*: 5.9%

* 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.

Owens Corning Asbestos Products

Ceiling Boards

Finishing Cement

Insulating Cement

Kaylo 10 Block Insulation

Kaylo 20 Block Insulation

Kaylo Block Insulation

Kaylo Heat Insulation

Kaylo Insulation

Kaylo Pipe Covering

Kaylo Pipe Insulation

One Cote Cement

Ready Mix

Type II Mastic

Owens Corning 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.

Owens Corning Trust Fund Mesothelioma & Lung Cancer Compensation Calculator

Get a comprehensive mesothelioma or lung cancer compensation estimate after asbestos exposure form products related to Owens Corning 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.