Loan granted to replenish asbestos fund
A government loan will help replenish the James Hardie asbestos fund.
Australia (Mesothelioma Cancer News) – The dwindling James Hardie asbestos fund will reportedly get assistance from the Rudd Government. As reported by The Daily Telegraph, Prime Minister Kevin Rudd is expected to announce a loan agreement from the Federal Government, which will provide $360 million to help provide compensation for dying asbestos victims who would have been negatively affected by the compensation fund’s previously reported shortfall.
Asbestos Diseases Foundation president Barry Robson is quoted in the report as stating of the news, “That’s great news. There were some fears among some of the victims’ groups.” Robson further expressed that the group had gained confidence that James Hardie would resume making payments into the fund as global economic conditions improved, after a meeting with the company’s board earlier in the year.
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