Asbestos trust funds are the primary source of compensation for mesothelioma victims
The use of asbestos has decreased considerably since 1973 and stricter safety regulations have since then been introduced in the workplace to minimize exposure. However, between 2,500 and 3,000 new mesothelioma cases are annually diagnosed in the U.S. and the number is expected to continue increasing until 2030.
Because this disease has a long latency period, it can take up to 50 years for cancer to develop. Thereby, the majority of Americans who are now suffering from mesothelioma were exposed to asbestos several decades ago, when it was widely employed for building materials and products. People who worked in the construction industry, as well as U.S. citizens who served in the military before the mid 1980s have the highest risk of developing mesothelioma.
The astounding number of people who have recently been diagnosed with mesothelioma will naturally lead to more and more claims being filed with asbestos trust funds, which currently represent the most important source of financial compensation for asbestos victims. At the moment, there are 60 asbestos trust funds which can provide substantial compensation to individuals who suffered occupational asbestos exposure. Over $37 billion has been set aside for asbestos victims and approximately $18 billion has been paid so far. Undoubtedly, the number of people struggling with mesothelioma who decide to seek the financial compensation they deserve from the liable companies will continue growing for at least one more decade.
Have you or a loved one been diagnosed with mesothelioma as a consequence of workplace asbestos exposure? Our diligent attorneys have recovered over $1.4 billion for asbestos victims throughout the last 25 years and are willing to provide you with quality legal representation. Please contact us at (205) 328-9200 and we will promptly answer all your questions.