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.
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.
SIGN THE PETITION,
STOP THE ABUSE
Join the fight against asbestos fraud and abuse. Sign our petition and encourage Congress to protect future asbestos victims.