Asbestos Trusts Explained
Asbestos Compensation Trusts
Scientists have known about the dangers of asbestos for over 100 years. But to poor regulation, nothing was done to protect the average person from asbestos until relatively recently. Large corporations took advantage of this, and purposefully hid the fact that asbestos causes cancer and serious illness. They refused to put warnings on asbestos products because they thought it would hurt their profits. They chose profits over lives. However, after many years of many deaths from asbestos, these large companies eventually faced numerous lawsuits. Due to the sheer number and unpredictability of these lawsuits, the companies began declaring bankruptcy, as this prevented further lawsuits. However, they were forced by legislation and the courts to set up asbestos trusts, which are similar to bank accounts that those who can prove they’re suffering from mesothelioma may claim from. Many asbestos trusts have been set up by large, billion-dollar corporations like Pfizer, Halliburton, US Gypsum, Johns Manville. At this time, Canadians can apply to over 30 different asbestos trusts for compensation.
We’ll Guide You through the Trust System
Knowing how to apply to trusts and which trusts to apply to can be a difficult process. Let us help guide you through the trust system. In order to have a valid claim, you will need to provide a medical report that proves you have mesothelioma. We can help you in obtaining that.
We have built an asbestos product database, based on years of experience that helps us figure out, based on when you worked and where, which materials you worked with, who made them, and which trusts we should apply to. Our database can help us figure out which products you were exposed to, depending on the years you worked. As an Ontario mesothelioma law firm, we have had many clients all over Canada, and have been able to figure out which companies sold asbestos products in each province.
Many asbestos trusts have been set up by large, billion-dollar corporations like Pfizer, Halliburton, US Gypsum, Johns Manville. Many of the Asbestos Trusts recover compensation from having a dark history of selling asbestos products without warning their customers of the dangers of asbestos.
Companies That Have Setup Trust Funds
Here is a list of companies that sold asbestos products and now have setup trust funds for victims:
- Flintkote
- Quigley (Pfizer)
- Kaiser Aluminum and Chemical Corporation
- GAF Ruberoid
- WR GRACE
- Plibrico
- Artra
- Combustion Engineering
- AP Green
- General Motors
- Yarway (Tyco)
- Asarco
- Garlock Gasket Company
- Carey-Canada (Celotex)
- Johns Manville
- North American Refractory Company
- Eagle Picher
- Bondex (Reardon)
- United Gilsonite Laboratories
- Pittsburgh Corning Corporation
- Kentile Flooring
- Armstrong Contracting and Supply
- Armstrong World Industries
- US Gypsum (Canadian Gypsum Company)
- Owens-Corning
- Fibreboard
- Halliburton
- Harbison Walker