COVID-19 Updates: We are keeping our staff, clients and their family members safe and healthy. Our law firm is 100% operational, available in-person and 24/7 assistance by email and phone. Read More

How much money do asbestos trust funds currently have?

At the moment, the 60 active asbestos trust funds in the U.S. have over $30 billion available as financial compensation for the victims of occupational and secondary asbestos exposure.

answered by Gary Anderson

The victims of asbestos exposure have been paid over $18 billion by asbestos trust funds since 1988

Set up with the purpose of compensating employees injured by workplace asbestos exposure and their families, asbestos trust funds have been operating in the U.S. since 1988, when Johns Manville – the infamous manufacturer of hazardous products – created the first one. As victims of occupational asbestos exposure are still emerging every year throughout the country, asbestos trust funds are constantly supplied with money so as to provide fair compensation to each claimant. There is a total of approximately $30 billion in the 60 active asbestos trust funds in the U.S. nowadays, whereas $18 billion has already been given to individuals suffering from mesothelioma, lung cancer, asbestosis, as well as numerous other awful diseases, within the past four decades.

As for each individual asbestos trust fund, the following are the ones which currently have the largest amounts of money awaiting victims of asbestos exposure:

If you or a family member held down a job at one of the asbestos companies above, our skillful attorneys will gladly help you recover the financial compensation you deserve via filing a claim with its asbestos trust fund, which requires no litigation and is a relatively fast legal process.

Other related questions

In order to receive compensation, you need to file a claim with the asbestos trust fund set up by the company responsible for your injury. A lawyer will speed up the process significantly.

Read more

The compensation you will receive highly depends on factors such as the severity of your diagnosis, the size of the asbestos trust fund you file with, as well as the percentage they pay out.

Read more

The companies which filed for Chapter 11 bankruptcy protection were required by law to set up asbestos trust funds so that former workers injured by occupational asbestos exposure would still be able to receive financial compensation.

Read more

See more questions