Asbestos fund may fail to meet obligations
The James Hardie asbestos compensation fund is reportedly running out of money.
Australia - (Mesothelioma Cancer News) – The James Hardie asbestos compensation fund is reportedly running out of funds. As reported by The Age, many are fearing that the fund will fail to meet its obligations to victims due to insufficient funds.
As noted in the report, previous reports that the fund had only $140 million remaining, when it is supposed to pay out more than $100 million annually to victims, has some afraid that payments will be deferred or given in installments.
Gippsland Asbestos Related Diseases Support Inc (GARDS) secretary Vicki Hamilton is quoted by The Age as stating of a possible solution to the problem, “One solution could be the Commonwealth lending the compensation fund this money short term, until … Hardies can again top the fund up… The problem is James Hardie’s responsibility and they should fix it. However, I would also call on state and federal governments not to allow this uncertainty to drag on. Victims deserve better.”
Mesothelioma Cancer News provides news and information on asbestos attorneys and law.
Online Mesothelioma News Legal News Distribution - mesotheliomacancernews.comOther News / Press Releases
- Mesothelioma Cancer Causing Asbestos Uncovered in 7 Virginia Beach Schools
- Tax ruling may present asbestos fund risks
- Alcohol may increase breast cancer risks
- New Research Shows Nicotine May Be Causing Breast Cancer
- Mesothelioma Alert: Investigation Slams Asbestos Industry in Canada
- GM’s Bankruptcy Estate May Face Billions in Mesothelioma Claims
- Massachusetts Meso Alert - Burst pipe raises asbestos mesothelioma concerns
- Esophageal cancer rates increase in British men
- UK’s youngest person to pass away from mesothelioma dies at 18 years old
- FL Mesotheloma Alert: Mayor orders removal of asbestos pipes at development area
-
Recent Posts
- Mesothelioma Cancer Causing Asbestos Uncovered in 7 Virginia Beach Schools
- Tax ruling may present asbestos fund risks
Alcohol may increase breast cancer risks- New Research Shows Nicotine May Be Causing Breast Cancer
Mesothelioma Alert: Investigation Slams Asbestos Industry in Canada- GM’s Bankruptcy Estate May Face Billions in Mesothelioma Claims
Massachusetts Meso Alert - Burst pipe raises asbestos mesothelioma concerns- Esophageal cancer rates increase in British men
UK’s youngest person to pass away from mesothelioma dies at 18 years old
FL Mesotheloma Alert: Mayor orders removal of asbestos pipes at development area