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How Asbestos Litigation Affects You

April 7th, 2008 by admin | Filed under Uncategorized.

The Debate Over Asbestos Legislation

This year a growing legal crisis may affect you more than you could imagine. With proposed bills that would limit asbestos company liability and significantly reduce payouts, some worry that lawmakers who are in charge of advocating for everyday America may be pandering to special interests.

Prolonged asbestos exposure can lead to dangerous health conditions including , asbestosis, and . Every year 2500 to 3000 new cases are diagnosed every year with thousands more outside the United States as other countries have been slow to adopt asbestos bans (though asbestos is not completely outlawed in the United States and exists in many products manufactured today).

The conditions are frightening and for the most part treatment only prolongs a person’s life by a short span. An indiscriminate killer set loose by the industrialized nations of the world.

So when someone is diagnosed what do we owe them? An apology for their terminal illness is simply not enough of a measure to compensate them for the pain their body, family, and spirit will have to endure.

The problem that lawmakers are trying to address is the abundance of cases currently sitting dormant in our legal system. The case backlog is enormous and often cases (if unsettled) take years before they go before the courts.

We have a duty to balance compensation and cases because if this system continues, the expected case filings over the next decade will create a standstill for legal action.

The problem with balancing is that each side will have to incur losses. The creation of a national fund is the best proposal but claimants have to adhere to guidelines that may eliminate credible cases (September 11th created intense exposure over short periods for example). The pool will receive less than if they made an individual claim but the victims will be able to enjoy their compensation before death.

Under current proposals though, that compromise over compensation would make the filing process futile. When looking at some recent settlements in the pool format, victims who would have received millions received in the range of low thousands.

So who benefits under current plans and recent settlements? Corporations.

Their civic duties should never be compromised by lackadaisical legislation that shifts some of the legal responsibilities from their shoulders.

It’s a battle that is even pitting victims against one another which is exactly what corporations need because a divided opponent never wins.

Americans have now put that question to Congress however.

“The ‘Fairness in Asbestos Injury Resolution Act of 2005′ came to existence shortly after March of 2004 after Pres. Bush. proposed limits on asbestos related “junk” lawsuits at a speech in Detroit. The Act would establish a $140 billion trust fund to supplant litigation as a means to compensate victims of asbestos and limit liability.” -

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