🔎 In this video, we delve into the history of A-Best Products Company, a textile manufacturer that developed safety and protective clothing containing asbestos. Founded in 1947, A-Best made overalls, gloves, blankets, coats, aprons, and more, which were used by workers in high-heat settings, including electricians and firefighters.
🏭 However, the asbestos in these products led to significant health risks for those exposed. As a result, A-Best, like many other companies in the industry, filed for Chapter 11 Bankruptcy in 2002 due to the cost of asbestos injury litigation.
💰 In 2004, the A-Best Asbestos Settlement Trust was established, initially funded with over $18 million. According to the 2022 annual financial report, 1,933 asbestos personal injury claims were filed with the Trust, with 822 approved for payment. By the end of 2022, $450,810 had been paid, with $203,130 going to malignant mesothelioma claims.
📈 The current payment percentage is 18%, meaning that qualifying claimants receive 18% of the amount designated by the trust for their specific injury.
👥 At https://www.asbestosclaims.law/, we've helped thousands of people receive compensation for their asbestos injuries. Let us help you.
Email directly at help@asbestosclaims.law.
Or call anytime at (833) 4-ASBESTOS (427-2378).
