Keene asbestos trust: payment percentage and values
For an approved claim, the Keene Creditors Trust pays 1.05% of the set amount for every disease.
- Value for mesothelioma
- $125,000
- Share being paid now
- 1.05%
- Mesothelioma claim payout
- $1,313
Payouts from the Keene trust for each claim
| Disease level | Set amount | Paid at 1.05% |
|---|---|---|
| Mesothelioma | $125,000 | $1,313 |
| Lung cancer | $41,200 | $433 |
| Other cancer (throat, stomach, colon) | $21,500 | $226 |
| Severe asbestosis | $41,200 | $433 |
| Asbestosis or pleural disease (higher level) | $10,600 | $111 |
| Asbestosis or pleural disease (lower level) | $4,800 | $50 |
These fixed sums apply when the trust uses its faster review process. If a claim undergoes a detailed, individual review, its value may rise or fall.
History of the Keene trust
| Rate in effect since | October 24, 2024 |
|---|---|
| Status | Active, paying claims |
| Company behind it | Keene Corporation |
| Net assets | $20.9 million, as of December 31, 2021 |
| Set up | 1996 |
| Bankruptcy case | No. 93-46090 |
| Court | U.S. Bankruptcy Court, Southern District of New York |
| Claims handled by | Verus LLC |
| Other trusts' rates | Asbestos trust fund list |
Ask whether a claim fits the Keene trust and the other trusts in the work history.
Products that Keene Corporation made
| Thermasil asbestos block | Ehret's 85% Covering |
| Ehret Air Cell | Ehret Asbestos Millboard |
| Pyrospray acoustical insulation | Thermalite pipe insulation |
| Mono-block insulating cement | Valley Forge asbestos sheets, packings and gaskets |
You need proof the person worked with or around these items to support a claim.
Filing a claim with the Keene trust
- Get a written diagnosis from a doctor, backed by the exam or pathology report.
- Collect documents showing the person worked near or with company products, like sales, construction, or job records.
- The Keene trust has Verus LLC process claims, and a law firm files most online. Submit the claim using the specific form from the trust and include those documents.
- A claim is only partly paid by each trust, so submit to the other trusts in the person's work history at the same time.
Other trusts that have paid for vermiculite and spray fireproofing
| Trust | Share paid today | Mesothelioma claim pays now |
|---|---|---|
| U.S. Mineral Products | 32% | $3,200 |
| W. R. Grace | 30.1% | $54,180 |
| Thorpe Insulation | 58.6% | Valued case by case |
| Plant Insulation | 20% | Valued case by case |
Where each figure comes from: the payment notice from the trust gives the payment percentage; scheduled values come from cpf-inc.com. Products are listed at mesotheliomafund.com, and AsbestosTrusts.org (CC BY 4.0) is the source for the trust record, refreshed monthly.