United States Mineral Asbestos Trust Fund

Asbestos Trust Funds Claims and Mesothelioma

U.S Asbestos Bankruptcy Trusts Funds have paid out nearly 21 billion to more than 600,000 asbestos claimants. There are about 60 active Asbestos Trust Funds with an estimated $32 billion in remaining assets.

Asbestos Settlement Trusts were established to help compensate workers and their families for asbestos exposure causing Mesothelioma and other asbestos-related diseases. When an Asbestos company establishes a Trust Fund all settlements are managed by trustees that decide the compensation amounts paid to Mesothelioma claimants. U. S. Courts allow Asbestos defendants to file for protection under a legal process known as bankruptcy reorganization. This allows the company to pay claims and stay in business.

Asbestos Trust Fund settlements typically do not come with an admission of guilt by the asbestos company that set up the trust.


United States Mineral Asbestos Trust Fund

Facts:

Founded: 1875

Head Quarters: Stanhope, New Jersey

Turn out: Fireproofing Material

Operating status: Still Currently Working

Asbestos Trust: Yes

Trust began: 2005

Trust Amount: $8 million


Asbestos Trust Fund

After United States Mineral Products filed for bankruptcy in 2001, they were required to begin a trust fund for asbestos victims. In 2005 the United States Mineral Products Company Personal Injury Asbestos trust was formed with $8 Million. The trust fund was made so that the mesothelioma victims would receive compensation while the company continued operating. Currently, the payment percentage for claims that are successful is 15%.


Asbestos Litigation

The consequences of United States Mineral Products using asbestos in their products began to catch up to them. In the 1980s, they began to accumulate asbestos-related lawsuits and along with it high financial costs. By 2001, the company had received over 220,000 claims and filed for Chapter 11 Bankruptcy in July.

A portion of their claims originated from their use of products containing asbestos utilized in the World Trade Center. When the World Trade Center was being built workers were exposed to the material, and when it, unfortunately, collapsed after the 9/11 terrorist attacks first responders and individuals responsible for cleanup were exposed. One sheet metal worker was exposed to asbestos after working with asbestos products during the construction of the World Trade Center. He was diagnosed with colon cancer due to his exposure in 1983 and passed away six months after his diagnosis at the age of forty. His wife, Arlene M. Maiorana, was awarded $3.31 million by a jury.


Occupational Exposure

Since products containing asbestos were highly prevalent in USMP, many individuals, including workers and the general public, were put at risk. Since the company expanded quite quickly, there were multiple plants where individuals may have come into contact with asbestos materials. Some workers were exposed on a routine schedule, and due to effects have asbestos-related health complications. Various occupations that may have been affected include: cement masons, architects, fire proofers, factory workers, insulators, construction workers, inspectors, sheet metal workers, and engineers.

United States Mineral Products use of asbestos was used in various locations where individuals could have been exposed, including public gathering spots, hospitals, sporting venues, schools, and stores. Notable location names included Florida’s Disney World, Boston University Nursing School, and New York’s Kennedy Airport.


History of Asbestos Use

The United States Mineral Products, also known as USMP, was founded in New Jersey in 1875. Initially, the company manufactured mineral wool but as the company expanded, it rebranded to produce various products.

The company manufactured products across the United States, including in New Jersey, California, and Texas. They created fire-proofing materials for defense and construction purposes. Starting in 1954, the company added asbestos to its products and continued to use it until the beginning of the 1970s.

Companies often add asbestos to products to achieve heat resistance. Asbestos is a group of minerals that contain fibers that stop heat, and companies are allowed to use the product as long as it doesn’t account for more than 1% of the product. United States Mineral’s products were using asbestos in their products above the legal limit amount. Employees working for the company were exposed to environments full of airborne asbestos fibers. When exposed to large amounts of the materials, it can cause diseases such as mesothelioma, asbestosis, and cancers with serious long-term effects.

United States Mineral Products were marketed with names based on where the materials were sold. A common brand used in the North American region was CAFCO. The name is still used today.


Asbestos Products

United States Mineral CAFCO Blaze Shield Fireproofing

United States Mineral CAFCO Blaze Shield Type D

United States Mineral CAFCO Comico All-Purpose Insulating Cement

United States Mineral CAFCO Comico Mono-Ply Insulating Cement

United States Mineral CAFCO Fireproofing

United States Mineral CAFCO Heat Shield Fireproofing

United States Mineral CAFCO Patching Fiber

United States Mineral CAFCO Power Shield Fireproofing

United States Mineral CAFCO Sound-Shield

United States Mineral CAFCO Spray


Have A Question About Asbestos Trust Funds?

Our Mesothelioma Patient Advocates can answer questions about trust funds, treatments, settlements and other types of Mesothelioma compensation.

Chat Now – Click Chat Banner to Start a Live Chat!

Call Now – Our Nationwide Toll Free Mesothelioma Helpline Number is 888.640.0914


Asbestos Trust Fund Information

  • There are close to 60 Asbestos Trust Funds set up by U. S. Courts.
  • Asbestos bankruptcy reorganization can be a lengthy process that can span several years.
  • Asbestos Trusts publish additional information about their Trust guidelines, qualifications and rules.
  • Representatives of current and future Mesothelioma claimants must consent to any significant changes to these trusts.
  • Since 1988, Asbestos trusts have paid out about $17.5 billion representing more than 3 million claims.
  • Since 2011, Asbestos Trust Funds have combined assets of $36.8 billion.
  • Since 2010, the average percentage paid per asbestos victim is 25 percent of a claim.
  • Asbestos Trust Funds set Statutes of Limitations that only allow a certain amount of time to file an Asbestos claim.
  • Mesothelioma Claimants can sometimes file both Asbestos Trust lawsuits and Asbestos claims.
  • S. Court must approve the amount that is set aside before the Asbestos company will be granted bankruptcy protection.

Evidence Required to File an Asbestos Trust Fund Claim

Diagnosis: Medical Documentation, Pathology Report, showing claimant diagnosed with an asbestos-related disease.

Physician Statement: Statement from a qualified doctor regarding the diagnosis.

Exposure Evidence: Witness affidavits, employment records, company invoices linking a company product or facility to asbestos exposure.


Mesothelioma Trust Funds and Asbestos Exposure

  • Malignant Mesothelioma is commonly diagnosed in people between the ages of 50 and 75 years old.
  • There are 2,500-3,000 malignant Mesothelioma cases diagnosed each year in the United States.
  • 1 in 3 U. S. military veterans will develop an asbestos related disease in their lifetime.

Malignant Mesothelioma has been linked to workplace asbestos exposure.

Asbestos Trust Fund Claims

It is very important to contact a Mesothelioma lawyer soon after you have been diagnosed with Mesothelioma. The only known cause of this Mesothelioma is exposure to asbestos. Mesothelioma is a progressive disease, with a 10-50 year latency period developing over years or even decades in many patients. Therefore, your statute of limitations does not begin with the time of exposure. Rather, it begins with your diagnosis that you have Mesothelioma.

If you have been diagnosed with Mesothelioma, you have legal rights. But you need to act quickly, because the statute of limitations in most states is 1-3 years.

Mesothelioma and Asbestos Exposure

  • Malignant Mesothelioma is commonly diagnosed in people between the ages of 50 and 75 years old.
  • There are 2,500-3,000 malignant Mesothelioma cases diagnosed each year in the United States.
  • 1 in 3 U. S. military veterans will develop an asbestos related disease in their lifetime.

Mesothelioma Claims and United States Mineral Asbestos Trust Fund

A person diagnosed with Mesothelioma may be entitled to recover compensation for the following:


Mesothelioma Damages

Disfigurement Damages (past and future)
Economic Damages (past and future)
End of Life Cost Damages   
Exemplary Damages
Funeral Expense Damages
Future Economic Damages
General Damages
Gross Negligence Damages
Loss of Companionship  
Loss of Consortium Damages
Loss of Earning Capacity Damages
Loss of Life Damages
Loss of Wages Damages (past and future)
Medical Expense Damages    
Mental Anguish Damages  
Monetary Compensation Damages   
Nominal Damages
Non-Economic Damages
Pain and Suffering Damages
Pecuniary and Non Pecuniary Damages
Physical Impairment Damages (past and future)
Asbestos Trust Funds  
Treble Damages
Workers Compensation Damages
Wrongful Death Claims

Factors that May Affect the Value a Mesothelioma Case Include:

  • Age, Gender, Location, and Work History
  • History of Military Service
  • Pain and Suffering
  • Where Asbestos Exposure Occurred
  • How Many Asbestos Products are involved with Your Exposure

There Are 4 Primary Types of Mesothelioma Claims:

  • Product Liability– Can be filed against companies that manufactured and distributed asbestos products.
  • Medical Malpractice– Can be filed against doctors or hospitals if they misdiagnose, or delay your diagnosis of Mesothelioma.
  • Workers Compensation– Can be filed against an employer if you were exposed to asbestos while on the job.
  • Wrongful Death– Can be filed against asbestos manufacturers, asbestos distributors, or an employer of a product containing asbestos that directly caused a person’s death if their actions constituted gross negligence for a deceased worker s safety.

How a Mesothelioma Attorney Can Help

An experienced Mesothelioma lawyer will help you to file a Mesothelioma lawsuit to hold negligent asbestos manufacturers and asbestos companies accountable for the severe pain and suffering that comes with a Mesothelioma cancer diagnosis.


Military Branches of Service

Air Force Veterans
Army Corps of Engineers
Army Veterans 
Coast Guard
Korean War Veterans
Merchant Marines
National Guard
Navy Veterans
Seabees
U. S. Marine Veterans
Vietnam War Veterans
WW 2 Veterans
Women Veterans
Civilian Contractors
VA Recommended Scans
Legal Rights for Veterans
Retired Veterans
Veterans at Risk
Mesothelioma 24/7 Helpline

Recent Mesothelioma Verdicts

  • $4.6 Million Mesothelioma Settlement: For a union insulator that developed malignant Mesothelioma from asbestos exposure.
  • $10.2 Million Mesothelioma Verdict: For a Paper Mill worker suffering from pleural Mesothelioma.
  • $8 Million Mesothelioma Award: For a man diagnosed with Mesothelioma. NonAsbestos Trust Funds and $1.5 Million for Asbestos Trust Funds.
  • $1.2 Million Mesothelioma Settlement: For a 76 year old carpenter that developed malignant Mesothelioma.
  • $1.1 Million Veteran Mesothelioma Settlement: For a Navy veteran machinist that developed malignant Mesothelioma at age 71.
  • $245,000 Asbestosis Settlement: For a Paper mill worker suffering from Asbestosis.
  • $2.5 Million Mesothelioma Settlement: For a union pipefitter man who died from malignant Mesothelioma.
  • $2.6 Million Shipyard Worker Mesothelioma Settlement: For the family of a 72-year old shipyard worker with Mesothelioma who suffered second hand exposure.
  • $5 Million Navy Veteran Mesothelioma Verdict: For a Navy Boilerman who developed Mesothelioma during his service.
  • $1.8 Million Mesothelioma Settlement: For a carpenter that developed malignant Mesothelioma at age 68.
  • $7.5 Million Mesothelioma Verdict: For a woman that developed peritoneal Mesothelioma from laundering her husband s work clothes.

TO GET HELP – Our Nationwide Toll Free Mesothelioma Helpline Number is 888.640.0914


 Malignant Mesothelioma

Malignant Mesothelioma is rare form of cancer that affects lining of the lungs, abdomen, heart, and major organs in the body. Mesothelioma is a disease in which malignant cancer cells are found in the sac lining the chest (pleura) or the abdomen (peritoneum). There are about 3,000 new malignant Mesothelioma cases diagnosed each year in the U. S. If you are experiencing any Mesothelioma symptoms you should contact a doctor immediately.

Diagnosed With Mesothelioma?

If you or a family member has been diagnosed with malignant Mesothelioma you are going to have a lot of questions about living with Mesothelioma and what legal options you have against asbestos manufacturers and asbestos companies for your asbestos exposure. Mesothelioma is a seriously deadly disease. According to the American Cancer Society with the average survival time for people with Mesothelioma is 4-18 months.

Call TOLL FREE 888.640.0914 right now to talk with a live Mesothelioma Counselor that can answer many of your questions and give you the peace of mind that you need.

Family Member Died From Mesothelioma?

If you have a family member that has died from Mesothelioma cancer you should immediately consult with an experienced Mesothelioma diagnosis lawyer about what compensation may be available to you from asbestos trust funds that total more than 30 billion dollars.

It is VERY IMPORTANT that you file your Mesothelioma claim within your states Statute of Limitations.

We have seen many families lose their right to file a lawsuit because their Statute of Limitations had expired while they were grieving. We know it is a tough time to grieve the loss of a loved one, but please do not let your Statute of Limitations expire for filing your Mesothelioma lawsuit. In most states the Statute of Limitations is 2-3 years. Some states have 6 year Statute of Limitations.

Mesothelioma Latency Period

Mesothelioma has a long latency period of 10-50 years. Many Veterans, Shipyard Workers, Construction Workers, Power Plant Workers, Mill Workers, Steel Workers, Railroad Workers, Pipefitters, Insulators, Electricians, Carpenters, Welders, Auto Mechanics, Veterans, Factory Workers, and laborers are living in the early stages of a variety of asbestos related diseases. Many Mesothelioma lawyers will not accept asbestosis, asbestos lung cancer, pleural plaques, pleural thickening, colon cancer and esophageal cancer cases.

There is More Than 30 Billion Dollars Set Aside for Mesothelioma and Asbestos Victims in Asbestos Bankruptcy Trusts

Need a Mesothelioma Lawyer?

If you or a family member has been diagnosed with Mesothelioma or an asbestos related disease, we can help you start a Mesothelioma lawsuit against asbestos companies responsible for your injuries. Our experienced nationwide Mesothelioma lawyers will come to you.

Call our Mesothelioma Toll Free Helpline at 888.640.0914 and get help today!

24 Hour Live Chat Available >>> See Chat button on right side of page.

We can usually tell within a few minutes whether we can help you, and if we can t, maybe direct you to someone who can. We are always accessible by phone, email and online chat.

We are always available to answer your questions with a phone call and will always keep you informed. We will do everything we can to ensure that you receive the highest compensation for your injuries.

If you have a legal question about a Mesothelioma lawsuit, you don t have to come into our office. Call us, and you ll speak directly to a lawyer, and if a lawyer is not available, your call will be returned as quickly as possible.


Workers and Asbestos Containing Products

People that worked in shipyards, refineries, power plants, mills, factories, plants, salvage yards, engine rooms, installing brakes, gaskets, insulation, valves and pipes have a higher risk of developing an asbestos related disease in their lifetime.

Access Panels
Acoustic Tiles
Acoustical Insulation
Adhesives
Air Compressor Pipes
Air Conditioning Systems
Air Handling Systems
Ammunition Hoists
Anchors
Armored Vehicles
Asbestos Blankets
Asbestos Boards
Asbestos Cement Sheets
Asbestos Coated Steam Pipeline
Asbestos Concrete
Asbestos Containing Coots
Asbestos Containing Gloves
Asbestos Containing Parts
Asbestos Filters
Asbestos Gaskets
Asbestos Heat Wrap
Asbestos Insulation
Asbestos Sheets
Asphalt Plastic Cement
Autoracks
Base Floor Covering Materials
Base Structures
Block Insulation
Boat Parts
Boat Propellers
Boiler Insulation
Boiler Room Equipment
Boiler Valves
Boilers
Buoys
Brake Clutches
Brake Linings
Brake Pads
Brake Shoes
Brakes
Braking Systems
Bulkhead Systems
Cables
Capacitors
Cargo
Caulks
Ceiling Tiles
Cement Chalk Boards
Cement Covered Flues
Cement Mixtures
Cement Pipes
Cement Products
Chemicals
Clutch Facings
Clutch Pads
Clutches
Coal-Powered Engines
Communication Systems
Concrete Additives
Concrete Foundations
Construction Equipment
Construction Mastics
Construction Products
Containers
Cords
Cork Board
Cranes
Gas Masks
Gasket Covers
Gaskets
Generators
Grinders
Guardrails
Gun Mounts
Gunning Mix
Hand Rails
Handrails
Heat Resistant Gloves
Heat Resistant Materials
Heat Shields
Heating Systems
High Temperature Gasket
Hot Water Lines
Hot Water Pipes
Hot Water Tank Insulation
Hulls
Hydraulic Assemblies
Hydraulic Systems
Instrument Paneling
Insulating Materials
Insulation
Insulation Cement
Insulation Felts
Insulation on Boilers
Insulation on Hot Water Pipes
Insulation Tanks
Joint Compound
Lubricants
Marine Hosing
Mooring Line
Mortar
Oil Products
Packing Assemblies
Paints
Pallets
Pipe Insulation
Pipe Joint Insulation
Pipe Wrap
Pipes
Plaster
Plastics
Plumbing Products
Plumbing Systems
Protective Fire Retardant
Pumps
Refrigeration Products
Refrigeration Units
Rivets
Rods
Roof Shingles
Roof Tar
Roofing Materials
Rope
Sealants
Sealers
Sealing Cement
Sealing Firewalls
Ship Containers
Signal Equipment
Smoke Screen Generators
Sound Dampening Materials
Spray Insulation
Steam Boilers
Steam Generators
Steam Lines
Steam Pipes
Steam Valves
Steel Railing
Steering Systems
Stucco
Surfacing Materials
Tadpole Tapes
Tape
Tar Joint Compound
Textile Cloths
Textile Garments
Thermal Insulation
Torque Valves
Transport Vehicles
Tubes
Turbine System Workers
Turbines
Valves
Vibration Dampeners
Vinyl Flooring
Vinyl Products
Wall Insulation
Wallboard Joint Compound
Wallboards
Weapon Systems
Welding Equipment

24 Hour Call Back Guarantee!

Fill out our free Mesothelioma case evaluation form and an experienced Mesothelioma lawyer will call you to immediately start processing your claim at no cost to you.

Get

Asbestos Trust Funds: United States Mineral Asbestos Trust Fund