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Asbestos Settlements

Date Added: December 28, 2012 04:52:00 AM
Author: articlejunky
Category: Asbestos Resources and Information

Asbestos Settlements

 

From the 1930’s to the 80’s, a fibrous material called asbestos was commonly used in construction and products. It was not known during that time that this material was extremely dangerous and fatal. Asbestos, when inhaled, is lodged in the body and can caused terminal illnesses such as lung cancer, mesothelioma, and asbestosis. Unfortunately, during the time that asbestos was widely used, many people were exposed to it. Those people worked in places with poor insulation, and did not wear any type of protection to prevent inhaling the harmful substance. Many of these people contracted the fatal diseases that asbestos causes. Since then, many people have taken to going to court to receive asbestos settlements for wrongful death, or for pain and suffering. Many people have won millions of dollars in settlements as a result of this, and the use of asbestos has been phased out.

 

While it is possible to win millions in an asbestos settlement, how much is won depends on several things. These include the damages the plaintiff suffered, the defendant’s culpability, the results of other asbestos settlements, and where other asbestos settlements have occurred. Asbestos settlements cover things like medical bills, pain and suffering, losses, mental anguish, and other things. In wrongful death suits, the settlements tend to be higher than in personal injury suits. That is because wrongful death suits compensate for the loss of life, and the pain and suffering of surviving family members.

 

There have been multiple cases in which individuals have received exceptionally large payouts after being exposed to asbestos and suffering as a result. Other companies have also reached settlements which cover all future asbestos cases. The payout for those cases can be up to billions of dollars collectively, especially if a large amount of people have filed suit. For those who have been exposed to asbestos, it is important to receive a settlement not only to cover for financial losses, but to get a peace of mind. It also helps any remaining family members who may undergo financial strife. Most cases of asbestos exposure are preventable, so many times, a company or individual is liable for any harm caused by asbestos exposure to others. Anyone who has been exposed to asbestos deserves and asbestos settlement. It is their right as an individual to be compensated for their suffering and losses, as do their family members.

 

Asbestos settlements usually aren’t decided very easily. Sometimes, the plaintiff and the defendant can reach a settlement before the case goes to court. However, if that is not possible, then negotiations will occur. The defendant may offer several settlements, but if one is not accepted, then it will have to go to court. Asbestos settlements usually involve a lot of negotiations. Commonly, a plaintiff will sue multiple companies. In that case, some companies may settle, while others will not. If the defendant fears they can’t win the case, then it will be settled out of court. Settling out of court eliminates things like legal fees, and a possible bad reputation. While the process may be difficult, it is worth getting an asbestos settlement so that you and your family can have the compensation you deserve.