Keene Corporation Asbestos Trust

What Happened to Keene Corporation?

Keene Corporation was founded in 1967 and quickly became known for making fireproofing and insulation materials. Many of their products, such as pipe insulation and spray-on fireproofing, contained asbestos. This was common at the time because asbestos was useful for heat resistance and insulation. Unfortunately, asbestos is now known to cause serious health problems, including mesothelioma, a rare cancer caused by asbestos exposure.

By the 1980s, workers who used Keene’s asbestos-containing products began getting sick, and many developed mesothelioma or other lung diseases. In response to thousands of lawsuits, Keene Corporation filed for bankruptcy in 1993. As part of the bankruptcy process, the company set up the Keene Asbestos Trust in 1996 to compensate victims of asbestos exposure.

 

How Does the Keene Corporation Asbestos Trust Work?

The Keene Asbestos Trust was created to help individuals who were diagnosed with diseases caused by asbestos exposure from Keene’s products. The trust was initially funded with about $45 million. This money helps pay for medical costs, lost wages, and other expenses for those affected by asbestos. Over the years, the trust has paid out billions to victims and their families.

 

The trust evaluates each claim based on medical evidence, such as a diagnosis of mesothelioma or lung cancer, and proof of exposure to asbestos through Keene products. Claimants can submit their claims for compensation either through a quicker, fixed-amount process called Expedited Review or a more detailed Individual Review, which may result in higher compensation but takes longer.

 

Who Can File a Claim?

To qualify for compensation from the Keene Asbestos Trust, claimants need to meet two main requirements:

 

•         Medical Diagnosis: You must have a medical diagnosis of an asbestos-related disease, such as mesothelioma, lung cancer, or asbestosis.

 

•         Asbestos Exposure: You must show that you were exposed to asbestos-containing products made by Keene Corporation. This could be from working with or around their products in industries like construction, shipbuilding, or manufacturing.

 

How to File a Claim

If you meet the eligibility criteria, you can file a claim with the Keene Asbestos Trust. Here are the steps:

 

1.     Gather Evidence: Collect your medical records that show your diagnosis, as well as documents proving exposure to Keene’s asbestos products.

 

2.     Choose Your Claim Process: Decide if you want to use the Expedited Review process (for a faster but smaller payout) or the Individual Review process (which might take longer but could offer higher compensation).

 

3.     Submit Your Claim: Fill out the necessary forms and send them to the trust.

 

4.     Wait for the Decision: After you submit your claim, the trust will review it and determine how much compensation you will receive.

 

Why Is the Keene Asbestos Trust Important?

The Keene Asbestos Trust is important because it helps victims of mesothelioma and other asbestos-related diseases get the compensation they deserve. Many of the people who were exposed to asbestos from Keene’s products had no idea how dangerous it was at the time. Thanks to the trust, these victims don’t have to go through long and expensive court cases to get help.

 

Get Legal Help for Asbestos Exposure

 

If you or someone you know has been diagnosed with mesothelioma due to asbestos exposure, you may be entitled to financial compensation from the Keene Asbestos Trust Fund. With over 35 years of experience helping victims of asbestos-related diseases like mesothelioma, our team can guide you through the legal process and help you get the compensation you deserve. For more information, call (800) 505-6000, fill out our contact form, or chat with a representative on our website.

 

Sources:

https://www.cpf-inc.com/trusts/keene-trust/

https://www.mesotheliomahope.com/legal/asbestos-trust-funds/