Millions of U.S. workers have been injured or killed due to asbestos exposure, whose risks were often concealed by companies more concerned with profit than the welfare of human beings. Lawmakers in the House of Representatives recently introduced the Furthering Asbestos Claim Transparency Act (FACT) of 2013, an innocuously named bill that would make it more difficult for victims of asbestos exposure to receive the compensation they desperately need and deserve. The bill’s background makes for interesting reading:
The Alliance for Justice (ALJ) has named FACT the “Delay Till They Die” Act. The bill claims to increase transparency and serve as an antidote to supposed fraud and abuse. However, the bill appears to do little more than aid companies responsible for putting hard-working individuals at risk by creating a mechanism that forces victims to wait longer for payment of their claims.
The ALJ notes that allegations of double-dipping and fraud are wildly overestimated by the proponents of the bill. Further, a RAND Corporation study found that the median payment made by trusts is very small — 25 percent of the value of the claim. If you’ve been exposed to asbestos, you need a skilled attorney to fight for the fair compensation you deserve.
If you want to know more, call us.