The Combustion Engineering asbestos trust fund contains $1.43 billion dollars, which are available to mesothelioma victims and others suffering from asbestos diseases.
The Combustion Engineering asbestos trust fund was established in 2006, after the Stamford, Connecticut company filed for bankruptcy in 2002, followed by reorganization in 2006.
The company dealt in boilers, fossil fuels, engineering and nuclear power from 1912 through 1990. Over $900 has been paid out to settle thousands of asbestos claims and mesothelioma claims by the company since 1990. In fact, when the company filed for Chapter 11 bankruptcy protection in 2002, it had over 110,000 claims pending.
How Did Combustion Engineering Expose People to Asbestos?
Established in 1912, Combustion Engineering was formed with the merger of two companies: the American Stoker Company and the Grieve Grate Company.
When the business was founded, it made boilers and boiler fuel systems. It then evolved to start engineering new and improved steam engines for railroad locomotives.
In the 1930s, Combustion Engineering merged with another company and started working on power plant assemblies. It was in the 1940s when the company started using asbestos, manufacturing ship boilers lined with insulating and heat-tolerant asbestos fibers. Post-war, Combustion Engineering got involved in other areas, like solvents, cement, synthetic fibers, protective seals and beyond.
Combustion Engineering’s asbestos usage continued through 1990, when another larger electrical engineering firm called Asea Brown Boveri — also known as ABB Group — took over its operations.
Combustion Engineering reportedly used asbestos in a number of different areas, including boilers, as the mineral is favored for its heat tolerance, chemical corrosion resistance and its insulation properties. Asbestos is used in many products, including ships, boilers, insulating cement and even adhesives.
A large percentage of the Combustion Engineering asbestos exposure allegations have reportedly involved its boilers, which featured asbestos insulation.
Who’s Eligible for Asbestos Compensation from the Combustion Engineering Trust Fund?
The Combustion Engineering asbestos trust fund settles mesothelioma claims and asbestos claims from a number of different people, including:
- boiler installers and maintenance workers
- Navy veterans who served on a ship with an asbestos-insulated boiler;
- employees who manufactured and installed products and boilers with asbestos;
- installers, craftsmen and other professionals who handled asbestos-contaminated products made by Combustion Engineering before 1990.
But the list of people who were potentially exposed to asbestos by Combustion Engineering doesn’t end here, as the company sold cement, boilers, insulation, specialized coatings and adhesives with asbestos to many industries, including aerospace companies and agencies, railroads, iron and steel-related companies, petrochemical companies, foundries, construction contractors, shipyard workers and shipbuilders, Combustion Engineering engineers and many others.
A number of the specific asbestos-contaminated products made by Combustion Engineering includes the following:
- Fibrous Adhesive
- Block Stick
- Asbestos rope
- Utility Thermal Finish Cement
- Pyroscat Fireproofing Cements
- Casing Cement Products
- WeatherKote Protective products (including WeatherKote Protective Duriseal, Air-Check, Thermal
- Coat and WeatherKote Protective Coating)
- Permaseal Weathercoating products
- Expansion Joint Material products
- Lite Wate 22 and Lite Wate 50 products
- Calcrete 30 Insulating Cement
- Hilite Insulating Cement
- Griptex Mineral Wool Block products
- Super Finish Insulating Cement and Super Finish Stick-Tite Insulating Cement
- Kaiser Cement products (including Kaiser Plastic Insulating Cement and Kaiser Hard Top Insulating Cement)
- Stic Tite Insulating Cement
- Stirrup Cement
- SDK 50 Cement
- Castablock Insulating Cement
- MHD Finishing Cement
- BuckStay Cement A1360
- A-1199 Insulating Cement
- Kaiser M Block
Notably, in addition to the Combustion Engineering asbestos trust fund, the company that now operates the company – ABB Group — has also offered so-called “enhanced” compensation for a number of claims. This enhanced compensation is comprised of company stock and cash payouts which have exceeded $350 million. These payments and stocks have been provided in addition to the Combustion Engineering asbestos trust fund settlements for mesothelioma patients, their families and others impacted by asbestos diseases.
In addition to mesothelioma, others who were sickened by asbestos diseases can qualify for a settlement from the Combustion Engineering asbestos trust fund. Other serious diseases caused by asbestos exposure include asbestosis, pleurisy, chronic obstructive pulmonary disease (COPD), pleural effusion, pleural thickening and colorectal cancer, among other conditions.
Help for Asbestos Claims to the Combustion Engineering Trust Fund
At Mesowatch, the experienced strive to provide resources, information and legal consultations to people who’ve been impacted by asbestos exposure and subsequent diseases like mesothelioma. Claims may also be filed by family members of individuals who’ve passed away from mesothelioma or another asbestos disease.
In addition to filing an asbestos claim with a mesothelioma trust fund, some patients and families opt to consult an experienced asbestos lawyer to file a mesothelioma lawsuit.
The team understands the unique challenges you and your loved ones are facing. The firm’s experienced asbestos attorneys and mesothelioma lawyers are now offering no-cost, fully confidential case evaluations.
So whether you need help filing an asbestos claim with a trust fund or would like to learn more about pursuing a mesothelioma lawsuit, arrange for a no-obligation evaluation of your case today.