Alliance for Asbestos Fraud Awareness

Stop Asbestos
Trust Fraud

Asbestos trust funds are being drained. Many have been forced to reduce their payments to asbestos victims. Every dollar paid to resolve a fraudulent or abusive trust claim is a dollar taken from a future victim. Simple transparency measures would discourage abuse and protect future asbestos victims’ access to the compensation they deserve.

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Asbestos trusts have paid out billions of dollars in claims in secret and without oversight. The Alliance for Asbestos Fraud Awareness supports common sense reforms like the Furthering Asbestos Claim Transparency (FACT) Act, which would require asbestos trusts to give courts basic information on the claims they receive. Media investigations and litigation have exposed inconsistent and illogical claims against asbestos trusts, including claims alleging on-the-job exposure to asbestos during childhood and claims filed on behalf of fictitious individuals. More than twenty asbestos trust funds have reduced their payments to victims in the last decade, some more than once. As a result, an asbestos victim who files trust claims today may receive only half what he would have in years past. Without reform, future victims will receive even less.


LATEST NEWS

Sponsor Expects Asbestos Bill To Be Part Of Reform Package Supported By Trump

Forbes
02-28-2017

“While President Donald Trump has not indicated whether he would veto legislation that targets the country’s current asbestos injury compensation system, the bill’s sponsor is fairly confident he has the president’s support.”

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Goodlatte and Farenthold Praise House Judiciary Approval of the FAST Act

House of Representatives Judiciary Committee
02-15-2017

“Washington, D.C. – House Judiciary Committee Chairman Bob Goodlatte (R-Va.) and Regulatory Reform, Commercial and Antitrust Law Subcommittee Vice-Chairman Blake Farenthold (R-Texas) released the following statements upon the House Judiciary Committee’s approval of the Furthering Asbestos Claim Transparency (FACT) Act (H.R. 906) by a vote of 19-11.”

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