Owens Corning Fiberglas Asbestos Trust Fund
Asbestos Trust Funds Claims and Mesothelioma
In response to the surge of asbestos-related litigation, Owens Corning Fiberglas, a notable manufacturer, established the Owens Corning Fiberglas Asbestos Trust Fund to address its asbestos-related liabilities. Initiated amid the company’s bankruptcy proceedings, the trust fund allocates a significant portion of its assets to compensate individuals adversely affected by Owens Corning Fiberglas’ asbestos-containing products. Since its establishment, the trust has prioritized providing just and equitable compensation to victims of asbestos exposure and associated illnesses.
Occupational Exposure to Asbestos: Owens Corning Fiberglas’ widespread use of asbestos in industrial applications led to significant occupational exposure among workers. Occupations such as construction workers, shipyard workers, insulation installers, and maintenance personnel faced heightened risks of exposure due to asbestos in insulation materials, roofing products, and construction supplies.
Trust Fund Administration: The Owens Corning Fiberglas Asbestos Trust Fund is meticulously managed by a dedicated team of trustees and overseen by a reputable trust management firm. It evaluates claims to ensure eligible individuals receive compensation commensurate with the severity of their injuries, adhering to established guidelines and regulations.
Key Figures and Additional Information:
- Assets: N/A
- Payouts: N/A
- Compensation: Contingent upon injury severity
- Evaluation: Claims undergo meticulous review for fairness
- Accountability: Adherence to established guidelines and regulations
- Support: Comprehensive assistance for victims and families
- Viability: Focus on financial stability and sustainability
For More Information:
- Website: N/A
- Managed By: N/A
- Purpose: To compensate those harmed by Owens Corning Fiberglas’ asbestos products
- History: Established to address asbestos-related liabilities
- Claims Process: Open to victims meeting specific eligibility criteria
- Compensation: Determined based on the severity of injuries
- Transparency: Detailed guidelines available online
- Administration: Manages claim submissions, reviews, and distributions
- Mission: Fairly compensate victims while ensuring trust sustainability
Global Asbestos Disaster Study Estimates More than 39,000 USA Deaths Annually from Asbestos-Related Diseases.
Specifically, asbestos contributes to 34,270 lung cancer deaths, 3,161 mesothelioma deaths, 787 ovarian cancer deaths, 443 larynx cancer deaths and 613 chronic asbestosis death. Source: www.adao.us
Frequently Asked Questions about Owens Corning Fiberglas Asbestos Trust Fund
Q: What is the Owens Corning Fiberglas Asbestos Trust Fund?
The Owens Corning Fiberglas Asbestos Trust Fund was established to address liabilities related to asbestos exposure claims against Owens Corning Fiberglas. It provides compensation to individuals harmed by their asbestos-containing products.
Q: Who can file a claim with the trust fund?
Individuals who have been diagnosed with asbestos-related diseases or their eligible family members can file claims with the trust fund if they can demonstrate exposure to Owens Corning Fiberglas asbestos products.
Q: What types of asbestos-related diseases are covered by the trust fund?
The trust fund covers a range of asbestos-related diseases, including mesothelioma, lung cancer, and asbestosis, among others, provided they can be linked to exposure to Owens Corning Fiberglas asbestos products.
Q: How is compensation determined?
Compensation from the trust fund is typically determined based on the severity of the diagnosed asbestos-related disease, the extent of exposure to Owens Corning Fiberglas asbestos products, and other relevant factors outlined in the trust’s guidelines.
Q: Is there a deadline for filing a claim?
Yes, there are deadlines, known as statute of limitations, for filing claims with the trust fund. It’s important to consult legal counsel or the trust fund’s administrators to determine the applicable deadlines for your specific case.
Q: How long does the claims process take?
The duration of the claims process can vary depending on factors such as the complexity of the case, the volume of claims being processed, and the availability of required documentation. However, the trust fund aims to process claims efficiently while ensuring fairness and accuracy.
Q: Can I file a lawsuit against Owens Corning Fiberglas instead of using the trust fund?
In most cases, individuals who are eligible to file claims with the trust fund are barred from pursuing lawsuits against Owens Corning Fiberglas due to bankruptcy proceedings. However, legal counsel can provide guidance on available options based on individual circumstances.
Asbestos Insulation: Asbestos insulation was widely utilized in buildings for thermal insulation purposes, posing a risk of exposure to asbestos fibers during installation, repair, or removal.
Asbestos Roofing Shingles: Roofing shingles containing asbestos were commonly employed in construction, posing a risk of exposure to asbestos fibers during installation, repair, or removal.
Asbestos Cement: Asbestos cement products, including pipes, sheets, and boards, were prevalent in construction, posing a risk of exposure to asbestos fibers during installation, repair, or demolition.
Asbestos Floor Tiles: Floor tiles containing asbestos were frequently used in residential and commercial buildings, posing a risk of exposure to asbestos fibers during installation, repair, or removal.
Asbestos Textiles: Asbestos textiles, including fabrics and cloth, were utilized for insulation, fireproofing, and protective clothing, posing a risk of exposure to asbestos fibers during handling or use.
Asbestos Gaskets: Asbestos gaskets were utilized in machinery and equipment for sealing purposes, posing a risk of exposure to asbestos fibers during installation, repair, or replacement.
Asbestos Brake Pads: Asbestos brake pads were employed in automotive vehicles for braking purposes, posing a risk of exposure to asbestos fibers during installation, repair, or replacement.
Asbestos Joint Compound: Asbestos joint compound was utilized in construction for sealing joints and gaps, posing a risk of exposure to asbestos fibers during application, sanding, or removal.
Asbestos Fireproofing Materials: Asbestos fireproofing materials were used in buildings to provide fire resistance, posing a risk of exposure to asbestos fibers during installation, repair, or demolition.
Asbestos Electrical Wiring Insulation: Asbestos electrical wiring insulation was used in electrical systems for insulation purposes, posing a risk of exposure to asbestos fibers during installation, repair, or replacement.
Asbestos Automotive Parts: Various automotive parts, including clutch facings, brake linings, and gaskets, contained asbestos, posing a risk of exposure to asbestos fibers during installation, repair, or replacement.
Asbestos HVAC Duct Insulation: Asbestos HVAC duct insulation was utilized in heating, ventilation, and air conditioning systems for insulation purposes, posing a risk of exposure to asbestos fibers during installation, repair, or removal.
Asbestos Ceiling Tiles: Ceiling tiles containing asbestos were commonly used in buildings for acoustic and decorative purposes, posing a risk of exposure to asbestos fibers during installation, repair, or removal.
Asbestos Boiler Insulation: Boiler insulation containing asbestos was used in boilers for thermal insulation purposes, posing a risk of exposure to asbestos fibers during installation, repair, or removal.
Asbestos Steam Pipes: Steam pipes containing asbestos insulation were utilized in industrial facilities for transporting steam, posing a risk of exposure to asbestos fibers during installation, repair, or demolition.
Asbestos Vermiculite: Asbestos-contaminated vermiculite was used in insulation, construction materials, and gardening products, posing a risk of exposure to asbestos fibers during handling or use.
Asbestos Vinyl Flooring: Vinyl flooring containing asbestos was commonly used in residential and commercial buildings, posing a risk of exposure to asbestos fibers during installation, repair, or removal.
Asbestos Paint: Asbestos-containing paint was utilized for fireproofing, insulation, and corrosion resistance, posing a risk of exposure to asbestos fibers during application, sanding, or removal.
Asbestos Caulking: Asbestos-containing caulking was used in construction for sealing joints and gaps, posing a risk of exposure to asbestos fibers during application, sanding, or removal.
Asbestos Drywall: Drywall containing asbestos was used in construction for wall and ceiling applications, posing a risk of exposure to asbestos fibers during installation, repair, or demolition.
Asbestos Pipe Insulation: Pipe insulation containing asbestos was utilized in plumbing and HVAC systems for thermal insulation purposes, posing a risk of exposure to asbestos fibers during installation, repair, or removal.
Asbestos Products
Owens-Corning Products:
Fiberglass Ceiling Tiles
Fiberglass Finishing Cement 1962-1964
Fiberglass Insulating Cement
Fiberglass Kaylo 10 Block Insulation
Fiberglass Kaylo 20 Block Insulation
Fiberglass Kaylo Block Insulation
Fiberglass Kaylo Heat Insulation
Fiberglass Kaylo Insulation
Fiberglass Kaylo Pipe Covering
Fiberglass Kaylo Pipe Insulation
Fiberglass One Cote Cement
Fiberglass Ready Mix
Fiberglass Type II Mastic