Raytech (Raymark) asbestos trust: payment percentage and values
For every approved claim, the Raytech (Raymark) Trust pays 1.35% of the set amount per disease.
- Value for mesothelioma
- $179,760
- Portion paid now
- 1.35%
- Amount a mesothelioma claim receives
- $2,427
What does a claim pay from the Raytech (Raymark) trust?
| Disease level | Set amount | Paid at 1.35% |
|---|---|---|
| Mesothelioma | $179,760 | $2,427 |
| Lung cancer | $59,249 | $800 |
| Other cancer (throat, stomach, colon) | $30,918 | $417 |
| Severe asbestosis | $59,249 | $800 |
The trust uses these fixed sums for faster reviews. If a claim gets a detailed, individual look, its value might go up or down.
Record of the Raytech (Raymark) trust
| Rate in effect since | November 14, 2024 |
|---|---|
| Status | Active, paying claims |
| Company behind it | Raymark Industries (Raytech) |
| Net assets | $22.0 million, as of December 31, 2022 |
| Set up | 1998 |
| Bankruptcy case | No. 89-20419 |
| Court | U.S. Bankruptcy Court, District of Connecticut |
| Claims handled by | Verus LLC |
| Other trusts' rates | Asbestos trust fund list |
Ask whether a claim fits the Raytech (Raymark) trust and the other trusts in the work history.
Items produced by Raymark Industries
| brake linings | clutch facings |
| fire hose | asbestos textiles |
| packing material | aircraft parts |
| conveyor belts | valves |
To file a claim, you must provide evidence that the individual worked with or near these products.
Steps for filing with the Raytech (Raymark) trust
- A doctor's written diagnosis is needed, backed by either an exam or a pathology report.
- Collect documents showing the person worked around or with company products, like sales, construction, or job records.
- Law firms file most claims online, and Verus LLC handles processing for the Raytech (Raymark) trust. Submit the claim using the specific form from the trust, attaching those documents.
- Because each trust covers only part of a claim, file with others in the work history at once.
Trust claims explained step by step · Lawsuit deadlines by state
Trusts that also paid for clutches and brakes
| Trust | Share paid today | Mesothelioma claim pays now |
|---|---|---|
| Motors Liquidation (old GM) | 10.3% | $18,025 |
| Maremont | 28.4% | $33,950 |
| NARCO | 100% | $75,000 |
| Federal-Mogul | 2.9% | $5,800 |
Sources: payment rate, the trust's payment notice; scheduled amounts, cpf-inc.com; product details, mesotheliomafund.com; trust history, AsbestosTrusts.org (CC BY 4.0), updated monthly.