The Owens Corning Asbestos Trust compensates victims who suffer from illnesses caused by asbestos exposure. Eligible victims have a confirmed medical diagnosis and proven exposure to Owens Corning products, manufacturing plants, or other sites where they came in contact with asbestos.
If you or a loved one suffers from mesothelioma, lung cancer, or another asbestos-related disease, The Gori Law Firm can help you with the asbestos trust fund claim process. Our attorneys will work to get you the maximum compensation available for medical bills and other losses.
Navigate this page
- Owens Corning Asbestos Trust Fund—Compensation for Victims
- What Is the Owens Corning Asbestos Trust Fund?
- Who Is Eligible to File a Claim
- How to File a Claim With the Owens Corning Trust Fund
- Average Payouts and Compensation From the Owens Corning Trust
- Why Choose Gori Law for Your Asbestos Trust Fund Claim?
- FAQs
- Contact Gori Law for Help With Your Owens Corning Trust Fund Claim
- Owens Corning and Fibreboard manufactured numerous asbestos-containing products, including insulation, ceiling tiles, insulating cement, and more. Company products were integrated into residential homes, businesses, and military bases.
- Owens Corning workers, military veterans, contractors, and their families may be at risk of developing mesothelioma, lung cancer, and other illnesses caused by asbestos exposure.
- The Owens Corning Fibreboard Asbestos Trust Fund issues payments to asbestos-exposure victims suffering from illnesses caused by Owens Corning or Fibreboard products.
- A Gori Law attorney can assist you with filing a claim with the Owens Corning Asbestos Trust Fund, allowing you to collect compensation for medical expenses and more.
Owens Corning Asbestos Trust Fund—Compensation for Victims
Owens Corning Fiberglass Corporation, founded in 1938, has a long history of manufacturing products containing asbestos, including glass fiber and glass fiber insulation. The company was formed after a merger between Corning Glass Company and Owens Illinois Glass Company. In 1953, the company began distributing asbestos-containing insulation, leading to numerous asbestos-related lawsuits. They later acquired Fibreboard Corporation in 1997 and expanded into vinyl siding and building materials.
Many Owens Corning workers were exposed to asbestos in their daily duties–some developed mesothelioma, lung cancer, and other deadly diseases caused by asbestos exposure. Consumers who regularly used Owens Corning Fiberglass Corporation’s products in their residential homes, businesses, and on military bases also experienced asbestos exposure. Both workers and users of the company’s asbestos-containing products began suing to get compensation for their asbestos-related illnesses.
As a result, Owens Corning Fiberglass Corporation filed for bankruptcy in 2000. The bankruptcy led to the creation of the Owens Corning Asbestos Trust in 2006. The trust pays damages to eligible asbestos victims and their families.
The Gori Law Firm represents workers and family members in asbestos-related claims. We are here to file your claim and fight for the compensation you deserve. If you or a loved one developed mesothelioma or another illness from Owens Corning asbestos exposure–take action now and contact us today for a free consultation.
What Is the Owens Corning Asbestos Trust Fund?
The Owens Corning Asbestos Trust Fund was created to help workers, veterans, and others who were exposed to the company’s asbestos-containing products and later developed serious illnesses like mesothelioma as a result.
Owens Corning began its bankruptcy proceedings in 2000. At that time, the company faced thousands of personal injury lawsuits related to its fiberglass insulation and other products that contained asbestos. In 2006, federal courts approved the company’s bankruptcy plan, which established the Owens Corning Asbestos Trust Fund. The trust’s funds are used to pay out claims to victims seeking compensation for asbestos exposure tied to Owens Corning’s products and manufacturing plants.
Who Is Eligible to File a Claim?
The Owens Corning Asbestos Trust Fund has established several eligibility requirements for victims to qualify for compensation.
Medical Diagnosis
A diagnosis of an asbestos-related disease, such as mesothelioma or lung cancer, is the first step to meeting these eligibility requirements. The trust fund reviews evidence such as lab tests, physician statements, X-rays, and CT scans to verify your illness.
Exposure to Owens Corning Products
The trust fund requires victims to show clear exposure to the company’s asbestos-containing products. That means at least six months of exposure to a product before December 31, 1982, and five years of work-related exposure.
Owens Corning asbestos claims reviewers consider different kinds of evidence to confirm your timeframe for exposure. These include statements from co-workers, family members, and previous employment records.
The Gori Law Firm helps victims who have developed serious asbestos-related illnesses, including mesothelioma. Our accomplished mesothelioma lawyers will work to carefully construct your claim by gathering your medical records that diagnose your asbestos-related illness and any documents establishing your asbestos exposure timeline to ensure you meet the Owens Corning Asbestos Trust Fund eligibility requirements.
How to File a Claim With the Owens Corning Trust Fund
There are several steps to filing an asbestos exposure claim with the Owens Corning Trust Fund.
1. Assemble Evidence
The Owens Corning Trust Fund has strict documentation requirements that claimants must meet. You must share copies of your medical diagnosis and demonstrate a clear connection between your asbestos exposure and Owens Corning or Fibreboard products. To start the claims process, you must submit all evidence for review.
2. Select Between Expedited and Individual Reviews
Claimants can choose between an expedited or individual review. Under an expedited review, successful applicants receive a fixed payment with a maximum payout of $215,000 for mesothelioma victims. Individuals with other asbestos-related illnesses may receive as little as $240. Claim processing times also tend to be shorter for individuals who choose an expedited review process.
In the individual review process, trust administrators evaluate your claim using a much more detailed review process. Their review may result in a higher or lower payout than what a victim could receive from an expedited review. Although the individual review process takes longer, it may be worth pursuing, especially if you have significant asbestos-related losses.
3. Work With an Attorney for Best Results
It’s possible to file your own claim with Owens Corning Trust Fund. However, doing so increases the risk of errors impacting your payout amount. The filing process isn’t easy, and the trust’s administrators will deny a claim that doesn’t meet its strict eligibility requirements.
Rather than leaving things to chance, get help from an experienced mesothelioma attorney. The Gori Law Firm has recovered billions for asbestos victims. Our skilled lawyers represent mesothelioma victims nationwide. We have processes in place to efficiently handle claims and maximize payouts.
Average Payouts and Compensation From the Owens Corning Trust
Owens Corning Trust Fund bases its mesothelioma compensation and other asbestos claim payouts on the severity of the victim’s illness, claim review type, and how much money is available in the fund. If you can demonstrate significant health impacts or financial losses based on your asbestos exposure, you have a better chance of recovering significant compensation.
Here are the average Owens Corning mesothelioma compensation values according to recent data.
Owens Corning
| Disease: | Expedited Claim Value: | Average Value: | Maximum Value: |
|---|---|---|---|
| Mesothelioma | $215,000 | $270,000 | $650,000 |
| Lung Cancer I | $40,000 | $50,000 | $150,000 |
| Lung Cancer II | None | $20,000 | $50,000 |
| Other Cancer | $22,000 | $25,000 | $60,000 |
| Severe Asbestosis | $42,000 | $50,000 | $150,000 |
| Asbestosis/Pleural Disease III | $19,000 | $20,000 | $35,000 |
| Asbestosis/Pleural Disease II | $8,000 | $9,000 | $20,000 |
| Other Asbestos Disease | $400 | None | None |
Fibreboard
| Disease: | Expedited Claim Value: | Average Value: | Maximum Value: |
|---|---|---|---|
| Mesothelioma | $135,000 | $180,000 | $450,000 |
| Lung Cancer I | $27,000 | $35,000 | $90,000 |
| Lung Cancer II | None | $12,000 | $30,000 |
| Other Cancer | $12,000 | $15,000 | $36,000 |
| Severe Asbestosis | $29,000 | $30,000 | $90,000 |
| Asbestosis/Pleural Disease III | $11,500 | $12,000 | $21,000 |
| Asbestosis/Pleural Disease II | $4,500 | $5,400 | $12,000 |
| Other Asbestos Disease | $240 | None | None |
The statute of limitations establishes a time window in which victims are eligible to file asbestos trust fund claims. Mesothelioma and other asbestos-related illnesses tend to manifest anywhere from 20 to 50 years after the initial exposure, and statutes of limitations usually start on the date of diagnosis.
It’s always best to file a claim as soon as possible after being diagnosed with an asbestos-related illness. Missing the statutory window to file your claim means permanently losing the right to file. After receiving a mesothelioma diagnosis, it’s important to reach out to a reliable attorney for advice.
Statutes of limitations vary depending on the state where the claim is filed and the nature of the claim. A skilled asbestos exposure attorney at Gori Law can help you determine the type of claim to file and how long you have to submit it.
Why Choose Gori Law for Your Asbestos Trust Fund Claim?
Our legal team brings over 100 years of combined legal experience to every case, using our expertise to fight for the best possible outcome for our clients. Our firm focuses on asbestos-related injuries, and our case results include successfully recovering over $4 billion for clients.
Our partners and attorneys have received distinguished legal awards, including Super Lawyers, National Trial Lawyers, and The American Society of Legal Advocates (ASLA). We have deep roots in our community, and we’re devoted to helping clients get the justice and compensation they deserve. We’ve also donated over $3.5 million to over 300 charities and nonprofits.
Our clients regularly praise our compassionate and knowledgeable attorneys, who work relentlessly toward successful case outcomes. We believe that what our clients say is a direct reflection of our commitment to providing exceptional legal and personal support throughout the claims process.
At Gori Law, we work on a contingency fee basis. There are no upfront costs for our services. You’ll pay nothing unless we win an Owens Corning asbestos settlement or verdict on your behalf.
FAQs
What Products Did Owens Corning Manufacture With Asbestos?
Owens Corning manufactured numerous asbestos-containing products, including insulation, cement, roof tiles, and cold storage systems. When the company acquired Fibreboard Corporation, it also assumed liability for the asbestos products produced by Fiberboard.
Examples of some of the Fibreboard products include roof paint, insulating tape, and pipe coverings.
How Long Does It Take To Receive Payment From the Owens Corning Trust?
It depends on the type of claim review a victim selects:
- Expedited Reviews take less time to process, and payment is typically issued within one or two months after you sign an approved release form.
- Individual Reviews take longer to finalize, but requesting one may result in higher payouts, especially with the help of a qualified attorney.
What if a Family Member Passed Away From an Asbestos-Related Disease
Losing a loved one to an asbestos-related disease has significant emotional and financial consequences for surviving family members. If you’ve lost someone close to you because of asbestos-related disease, you may be able to get compensation through a wrongful death lawsuit.
A lawsuit could allow you to collect damages for your loved one’s medical and funeral costs. You may also recover compensation for their lost financial support and your emotional distress.
Contact Gori Law for Help With Your Owens Corning Trust Fund Claim
Filing a claim with the Owens Corning Trust Fund requires careful attention. When you hire an attorney at The Gori Law Firm, you can trust that your claim is in experienced hands, and we will work tirelessly to secure the compensation you deserve.
We have years of experience negotiating claims with asbestos trust funds, including Owens Corning. Our attorneys will work to get you the maximum compensation available and explore all your legal options.
Act now–call our nationwide toll-free number (618) 659-9833 or contact us via our online form to schedule your free case review.
