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The Furthering Asbestos Claim Transparency (FACT) Act of 2015 (old bill number- H.R. 526, now Section 3 of H.R. 1927) is a bill introduced in the U.S. House of Representatives by Congressman Blake Farenthold that would require asbestos trusts in the United States to file quarterly reports about the payouts they make and personal information on the victims who receive them in a publicly ...
Furthering Asbestos Claim Transparency (FACT) Act of 2013; Long title: To amend title 11 of the United States Code to require the public disclosure by trusts established under section 524(g) of such title, of quarterly reports that contain detailed information regarding the receipt and disposition of claims for injuries based on exposure to asbestos; and for other purposes.
Ten of the 26 known active trusts in 2008 report their payouts broken down by malignant and non-malignant injuries. During 2007 and 2008 combined, 86 percent of the claims these trusts reported were for non-malignant injuries. Non-malignant claims represented 37 percent of reported trust expenditures in these years. [1]
The company's former unit, North American Refractories Company (NARCO), had filed for bankruptcy in 2002 after facing lawsuits over asbestos-related illnesses. Honeywell to pay $1.3 billion to ...
*Based on the Insurance Information Institute’s (Triple-I) estimates of average home claim payouts.Average rates based on a claim filed on a home insurance policy with $250,000 in dwelling coverage.
A health clinic in a Montana town plagued by deadly asbestos contamination must pay the government almost $6 million in penalties and damages after it submitted hundreds of false asbestos claims ...
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