Johns Manville Trust: Difference between revisions
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{| class="infobox" style="width:280px; float:right; margin:0 0 1em 1em; border:2px solid #1a5276 | {| class="infobox" style="width:280px; float:right; margin:0 0 1em 1em; border:2px solid #1a5276; border-radius:8px; overflow:hidden;" | ||
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! colspan="2" style="background:#1a5276; color:white; padding:12px; font-size:1.1em; text-align:center;" | Johns Manville Trust Quick Facts | ! colspan="2" style="background:#1a5276; color:white; padding:12px; font-size:1.1em; text-align:center;" | Johns Manville Trust Quick Facts | ||
|- | |- | ||
| colspan="2" style=" | | colspan="2" style="padding:10px; text-align:center; font-style:italic; border-bottom:1px solid #dee2e6;" | America's oldest and largest asbestos trust fund | ||
|- | |- | ||
| style="padding:10px; font-weight:bold; width:40% | | style="padding:10px; font-weight:bold; width:40%; border-bottom:1px solid #dee2e6;" | Payment Rate | ||
| style="padding:10px; border-bottom:1px solid #dee2e6;" | '''5.1%''' (March 2025) | | style="padding:10px; border-bottom:1px solid #dee2e6;" | '''5.1%''' (March 2025) | ||
|- | |- | ||
| style="padding:10px; font-weight:bold | | style="padding:10px; font-weight:bold; border-bottom:1px solid #dee2e6;" | Meso Scheduled Value | ||
| style="padding:10px; border-bottom:1px solid #dee2e6;" | '''$350,000''' | | style="padding:10px; border-bottom:1px solid #dee2e6;" | '''$350,000''' | ||
|- | |- | ||
| style="padding:10px; font-weight:bold | | style="padding:10px; font-weight:bold; border-bottom:1px solid #dee2e6;" | Actual Meso Payout | ||
| style="padding:10px; border-bottom:1px solid #dee2e6;" | '''~$17,850''' | | style="padding:10px; border-bottom:1px solid #dee2e6;" | '''~$17,850''' | ||
|- | |- | ||
| style="padding:10px; font-weight:bold | | style="padding:10px; font-weight:bold; border-bottom:1px solid #dee2e6;" | Total Claims Paid | ||
| style="padding:10px; border-bottom:1px solid #dee2e6;" | '''~1 Million''' | | style="padding:10px; border-bottom:1px solid #dee2e6;" | '''~1 Million''' | ||
|- | |- | ||
| style="padding:10px; font-weight:bold | | style="padding:10px; font-weight:bold; border-bottom:1px solid #dee2e6;" | Total Distributed | ||
| style="padding:10px; border-bottom:1px solid #dee2e6;" | '''$5+ Billion''' | | style="padding:10px; border-bottom:1px solid #dee2e6;" | '''$5+ Billion''' | ||
|- | |- | ||
| style="padding:10px; font-weight:bold | | style="padding:10px; font-weight:bold;" | Administrator | ||
| style="padding:10px;" | CRMC | | style="padding:10px;" | CRMC | ||
|- | |- | ||
| colspan="2" style="background:linear-gradient(135deg, #e67e22, #d35400); padding:12px; text-align:center;" | [https://dandell.com/mesothelioma/johns-manville-asbestos-trust-payments-lawsuits/ <span style="color:white; font-weight:bold;">🛡️ Check Your Eligibility</span>] | | colspan="2" style="background:linear-gradient(135deg, #e67e22, #d35400); padding:12px; text-align:center;" | <span data-nosnippet class="noai-content">[https://dandell.com/mesothelioma/johns-manville-asbestos-trust-payments-lawsuits/ <span style="color:white; font-weight:bold;">🛡️ Check Your Eligibility</span>]</span> | ||
|} | |} | ||
The '''Johns Manville Trust''' is the oldest and largest asbestos bankruptcy trust in the United States, having processed nearly '''one million claims''' and distributed over '''$5 billion''' in compensation since its establishment in 1988. Originally funded with $2.5 billion, the trust currently maintains '''$558-630 million''' in assets and pays '''5.1%''' of scheduled claim values following its March 2025 adjustment. Johns Manville Corporation, founded in 1858 and once the world's largest asbestos manufacturer, filed for [https://dandell.com/asbestos-trust-funds/asbestos-bankruptcy-trust-fund-guide/ bankruptcy protection in 1982] in a landmark case that created the legal framework — codified as '''Section 524(g)''' — for all subsequent asbestos trusts. Mesothelioma victims exposed to Johns Manville's signature Transite products, Kaylo insulation, or any of the company's thousands of asbestos-containing materials can file claims while simultaneously pursuing [https://dandell.com/mesothelioma-compensation/ additional compensation] through lawsuits and other trust funds. | |||
'''Johns Manville Trust at a glance:''' | |||
* '''$5.26+ billion distributed''' — the trust has paid more compensation to asbestos victims than any other single trust fund in U.S. history | |||
* '''~1 million claims processed''' — by far the most prolific trust, having administered nearly 1 million individual claims since 1988 | |||
* '''5.1% current payment rate''' — the March 2025 adjustment reduced the rate from 5.5%, reflecting ongoing actuarial recalibrations | |||
* '''$350,000 mesothelioma scheduled value''' — the highest base value among major trusts, yielding ~$17,850 per claim at the current 5.1% rate | |||
* '''Section 524(g) pioneer''' — the 1982 Johns Manville bankruptcy created the legal template Congress codified in 1994 for all asbestos trusts | |||
* '''CRMC-administered''' — Claims Resolution Management Corporation manages the trust, having processed over 1.7 million claims across 15+ trusts | |||
* '''90-day to 4-month expedited processing''' — straightforward mesothelioma claims with proper documentation are resolved within one fiscal quarter | |||
* '''8 disease categories''' — ranging from Level 1 (non-malignant conditions) to Level 8 (mesothelioma) with specific scheduled values for each | |||
* '''Transite, Kaylo, and 1,000+ products''' — the company manufactured asbestos-containing materials used in virtually every American industry from the 1920s to 1970s | |||
* '''$558-630 million remaining assets''' — the trust is projected to remain operational for 10-20+ years at current payment levels | |||
== Key Facts: Johns Manville Trust == | |||
{| class="wikitable" style="width:100%; margin:1em 0;" | |||
{| class="wikitable" style="width:100% | |||
|- | |- | ||
! style="background:#1a5276; color:white; padding: | ! style="background:#1a5276; color:white; padding:10px; width:35%;" | Metric | ||
! style="background:#1a5276; color:white; padding:10px;" | Finding | |||
|- | |- | ||
| '''Trust Established''' || 1988 — the first asbestos bankruptcy trust created under Section 524(g), serving as the legal template for 60+ subsequent trusts (RAND Corporation) | |||
| | |||
|- | |- | ||
| '''Original Funding''' || $2.5 billion at formation, making it the largest initial endowment of any asbestos trust at the time of establishment | |||
| | |||
|- | |- | ||
| '''Total Distributed''' || Over $5.26 billion paid to asbestos victims since 1988, more than any other single asbestos trust in U.S. history (GAO Report) | |||
| | |||
|- | |- | ||
| | | '''Claims Processed''' || Approximately 1 million individual claims administered, representing the highest volume of any asbestos bankruptcy trust | ||
| | |||
|- | |- | ||
| '''Current Payment Rate''' || 5.1% of scheduled values as of March 2025, reduced from 5.5% following actuarial review (CRMC Trust Annual Report) | |||
|- | |- | ||
| '''Mesothelioma Scheduled Value''' || $350,000 — the highest base mesothelioma value among major operating asbestos trusts | |||
| | |||
|- | |- | ||
| '''Actual Mesothelioma Payout''' || Approximately $17,850 per claim at the current 5.1% payment percentage | |||
| | |||
|- | |- | ||
| '''Remaining Assets''' || $558-630 million in trust corpus, projected to sustain operations for 10-20+ years at current claim rates | |||
| | |||
|- | |- | ||
| '''Trust Administrator''' || Claims Resolution Management Corporation (CRMC), which administers 15+ asbestos trusts and has processed over 1.7 million claims total | |||
| | |||
|- | |- | ||
| '''Disease Categories''' || 8 levels from Level 1 (non-malignant asbestos disease) to Level 8 (mesothelioma), each with specific scheduled values | |||
| | |||
|- | |- | ||
| '''Expedited Review Timeline''' || 90 days to 4 months for straightforward mesothelioma claims with complete documentation | |||
| | |||
|- | |- | ||
| '''Company History''' || Founded 1858, filed Chapter 11 in 1982 as the largest U.S. bankruptcy at the time, manufactured 1,000+ asbestos-containing products | |||
|} | |} | ||
{{Statute Warning}} | |||
== How Do You File a Claim with the Johns Manville Trust? == | == How Do You File a Claim with the Johns Manville Trust? == | ||
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* Railroad industry | * Railroad industry | ||
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|- | |- | ||
| style="padding:10px;" | "''Growing up in Pasadena near the refineries, we saw Johns Manville products everywhere. These companies knew for decades that their insulation was killing workers, but they kept selling it anyway. Every claim we help file honors the workers who deserved better.''" — '''Larry Gates''', Client Advocate, [https://dandell.com/advocates/ Danziger & De Llano] | | style="padding:10px;" | "''Growing up in Pasadena near the refineries, we saw Johns Manville products everywhere. These companies knew for decades that their insulation was killing workers, but they kept selling it anyway. Every claim we help file honors the workers who deserved better.''" — '''Larry Gates''', Client Advocate, [https://dandell.com/advocates/ Danziger & De Llano] | ||
| Line 315: | Line 147: | ||
* '''Workers' Compensation:''' In most states, trust fund payments don't affect workers' comp eligibility | * '''Workers' Compensation:''' In most states, trust fund payments don't affect workers' comp eligibility | ||
{| style="width:100% | {| style="width:100%; border:2px solid #ffc107; border-left:5px solid #ffc107; border-radius:4px; margin:1em 0;" | ||
|- | |- | ||
| style="padding:15px | | style="padding:15px;" | '''⚠️ Coordination Required:''' Some states require disclosure of trust fund payments during lawsuit discovery. Experienced [https://www.mesotheliomalawyercenter.org/mesothelioma/lawyers/ asbestos attorneys] coordinate these filings to maximize total recovery while complying with all legal requirements. | ||
|} | |} | ||
| Line 333: | Line 165: | ||
* Payment percentages have trended downward over time | * Payment percentages have trended downward over time | ||
* Claimants should file without delay to preserve rights | * Claimants should file without delay to preserve rights | ||
== Frequently Asked Questions == | |||
=== Who is eligible to file a Johns Manville Trust claim? === | |||
Anyone diagnosed with an asbestos-related disease who can document exposure to Johns Manville products may file a claim. This includes workers who handled JM products like Transite, Kaylo insulation, or other asbestos-containing materials, as well as family members who experienced secondary exposure through contaminated work clothing. | |||
=== How long does the Johns Manville Trust claim process take? === | |||
Expedited review claims are typically processed within 90 days to 4 months when complete documentation is submitted. Individual review claims, which allow for higher potential compensation based on case-specific factors, can take 4-12 months or longer depending on complexity. | |||
=== Can veterans file Johns Manville Trust claims? === | |||
Yes. Military veterans who were exposed to Johns Manville asbestos products during service — particularly those who served in naval shipyards where Kaylo insulation was widely used — can file trust claims. VA disability benefits can be pursued simultaneously without affecting trust fund eligibility. | |||
=== Can family members file a claim after a loved one has passed away? === | |||
Yes. Wrongful death claims can be filed by surviving spouses, children, or estate representatives on behalf of deceased individuals who were exposed to Johns Manville asbestos products. A death certificate and medical records linking the death to asbestos disease are required along with standard exposure documentation. | |||
=== How much compensation does the Johns Manville Trust pay for mesothelioma? === | |||
The trust's scheduled value for mesothelioma is $350,000 — the highest among major asbestos trusts. At the current 5.1% payment rate, actual payouts are approximately $17,850 per claim. However, most mesothelioma victims qualify for 5-15 additional trust funds, and combined recoveries typically total $300,000-$500,000 or more. | |||
=== Can I file with the Johns Manville Trust and other trusts at the same time? === | |||
Yes. Filing a Johns Manville Trust claim does not prevent you from filing with other asbestos bankruptcy trusts, pursuing lawsuits against solvent defendants, claiming VA benefits, or receiving workers' compensation. An experienced asbestos attorney coordinates these multiple filings to maximize total recovery. | |||
=== What documents do I need to file a Johns Manville Trust claim? === | |||
Claimants need a pathology report confirming an asbestos-related diagnosis, medical records and imaging studies, employment history with dates and locations, product identification evidence linking exposure to JM products, and witness affidavits from co-workers when available. Wrongful death claims also require a death certificate. | |||
=== Will the Johns Manville Trust run out of money? === | |||
The trust currently holds $558-630 million in assets and is projected to remain operational for 10-20+ years at current payment rates. The payment percentage is periodically adjusted by actuaries to ensure long-term solvency — the March 2025 reduction from 5.5% to 5.1% was part of this ongoing recalibration process. | |||
== Quick Statistics == | |||
* '''$5.26 billion total distributed''' — more compensation paid to asbestos victims than any other single trust fund in U.S. history | |||
* '''Payment rate history''' — the rate has declined from 10% at its peak to 5.1% as of March 2025, reflecting the volume of claims against finite assets | |||
* '''1,000+ asbestos-containing products''' — Johns Manville manufactured the widest range of asbestos products of any single company, spanning insulation, roofing, brake linings, pipe coverings, and cement products | |||
* '''CRMC processes 50,000-80,000 new claims annually''' across all 15+ trusts it administers, with Johns Manville receiving the largest share | |||
* '''Section 524(g) framework''' — the 1982 JM bankruptcy directly led Congress to codify the asbestos trust system in the Bankruptcy Reform Act of 1994, creating the legal mechanism used by 60+ subsequent trusts | |||
* '''Founded 1858 in New York City''' — Johns Manville operated for 124 years before the 1982 bankruptcy filing, which at the time was the largest Chapter 11 in American history | |||
* '''Peak asbestos production: 1950s-1970s''' — the company's Waukegan, Illinois facility alone processed tens of thousands of tons of raw chrysotile asbestos annually during peak production decades | |||
* '''Berkshire Hathaway acquisition''' — Warren Buffett's Berkshire Hathaway acquired Johns Manville in 2001 for $1.8 billion; the company continues operating today as a fiberglass and roofing materials manufacturer | |||
* '''8 disease levels with separate scheduled values''' — Level 1 (non-malignant) through Level 8 (mesothelioma), with values ranging from under $1,000 to $350,000 before the payment percentage is applied | |||
* '''Latency period of 20-50 years''' — most Johns Manville Trust claims involve exposure from the 1940s-1970s, with diagnoses occurring decades later due to mesothelioma's extended latency | |||
== Related Wiki Pages == | == Related Wiki Pages == | ||
* [[ | * [[Asbestos Trust Funds Master Database]] | ||
* [[Owens Corning Trust]] | * [[Owens Corning Trust]] | ||
* [[Pittsburgh Corning Trust]] | * [[Pittsburgh Corning Trust]] | ||
* [[ | * [[W.R. Grace Trust]] | ||
* [[ | * [[Statute of Limitations Guide]] | ||
* [[Evidence Preservation Guide]] | * [[Evidence Preservation Guide]] | ||
* [[Army_Asbestos_Exposure|Army Veteran Asbestos Exposure]] | |||
* [[Veterans_Mesothelioma_Quick_Reference|Veterans Mesothelioma Quick Reference]] | |||
== Get Help == | |||
* '''[https://dandell.com/ Danziger & De Llano]''' — Call '''(866) 222-9990''' for a free trust fund case evaluation | |||
* '''[https://mesotheliomalawyersnearme.com/ Mesothelioma Lawyers Near Me]''' — Free case evaluation and attorney matching | |||
* '''[https://mesothelioma.net/ Mesothelioma.net]''' — Patient resources and trust fund information | |||
== Get Help Filing Your Johns Manville Trust Claim == | == Get Help Filing Your Johns Manville Trust Claim == | ||
<span data-nosnippet class="noai-content"> | |||
{| style="width:100%; background:linear-gradient(135deg, #e67e22, #d35400); border-radius:8px; margin:1em 0;" | {| style="width:100%; background:linear-gradient(135deg, #e67e22, #d35400); border-radius:8px; margin:1em 0;" | ||
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<div style="margin-top:10px;">[https://dandell.com/contact-us/ <span style="background:white; color:#d35400; padding:10px 25px; border-radius:5px; font-weight:bold; display:inline-block;">✅ Start Your Free Case Review</span>]</div> | <div style="margin-top:10px;">[https://dandell.com/contact-us/ <span style="background:white; color:#d35400; padding:10px 25px; border-radius:5px; font-weight:bold; display:inline-block;">✅ Start Your Free Case Review</span>]</div> | ||
|} | |} | ||
</span> | |||
== References and Citations == | == References and Citations == | ||
Latest revision as of 15:17, 14 March 2026
The Johns Manville Trust is the oldest and largest asbestos bankruptcy trust in the United States, having processed nearly one million claims and distributed over $5 billion in compensation since its establishment in 1988. Originally funded with $2.5 billion, the trust currently maintains $558-630 million in assets and pays 5.1% of scheduled claim values following its March 2025 adjustment. Johns Manville Corporation, founded in 1858 and once the world's largest asbestos manufacturer, filed for bankruptcy protection in 1982 in a landmark case that created the legal framework — codified as Section 524(g) — for all subsequent asbestos trusts. Mesothelioma victims exposed to Johns Manville's signature Transite products, Kaylo insulation, or any of the company's thousands of asbestos-containing materials can file claims while simultaneously pursuing additional compensation through lawsuits and other trust funds.
Johns Manville Trust at a glance:
- $5.26+ billion distributed — the trust has paid more compensation to asbestos victims than any other single trust fund in U.S. history
- ~1 million claims processed — by far the most prolific trust, having administered nearly 1 million individual claims since 1988
- 5.1% current payment rate — the March 2025 adjustment reduced the rate from 5.5%, reflecting ongoing actuarial recalibrations
- $350,000 mesothelioma scheduled value — the highest base value among major trusts, yielding ~$17,850 per claim at the current 5.1% rate
- Section 524(g) pioneer — the 1982 Johns Manville bankruptcy created the legal template Congress codified in 1994 for all asbestos trusts
- CRMC-administered — Claims Resolution Management Corporation manages the trust, having processed over 1.7 million claims across 15+ trusts
- 90-day to 4-month expedited processing — straightforward mesothelioma claims with proper documentation are resolved within one fiscal quarter
- 8 disease categories — ranging from Level 1 (non-malignant conditions) to Level 8 (mesothelioma) with specific scheduled values for each
- Transite, Kaylo, and 1,000+ products — the company manufactured asbestos-containing materials used in virtually every American industry from the 1920s to 1970s
- $558-630 million remaining assets — the trust is projected to remain operational for 10-20+ years at current payment levels
Key Facts: Johns Manville Trust
| Metric | Finding |
|---|---|
| Trust Established | 1988 — the first asbestos bankruptcy trust created under Section 524(g), serving as the legal template for 60+ subsequent trusts (RAND Corporation) |
| Original Funding | $2.5 billion at formation, making it the largest initial endowment of any asbestos trust at the time of establishment |
| Total Distributed | Over $5.26 billion paid to asbestos victims since 1988, more than any other single asbestos trust in U.S. history (GAO Report) |
| Claims Processed | Approximately 1 million individual claims administered, representing the highest volume of any asbestos bankruptcy trust |
| Current Payment Rate | 5.1% of scheduled values as of March 2025, reduced from 5.5% following actuarial review (CRMC Trust Annual Report) |
| Mesothelioma Scheduled Value | $350,000 — the highest base mesothelioma value among major operating asbestos trusts |
| Actual Mesothelioma Payout | Approximately $17,850 per claim at the current 5.1% payment percentage |
| Remaining Assets | $558-630 million in trust corpus, projected to sustain operations for 10-20+ years at current claim rates |
| Trust Administrator | Claims Resolution Management Corporation (CRMC), which administers 15+ asbestos trusts and has processed over 1.7 million claims total |
| Disease Categories | 8 levels from Level 1 (non-malignant asbestos disease) to Level 8 (mesothelioma), each with specific scheduled values |
| Expedited Review Timeline | 90 days to 4 months for straightforward mesothelioma claims with complete documentation |
| Company History | Founded 1858, filed Chapter 11 in 1982 as the largest U.S. bankruptcy at the time, manufactured 1,000+ asbestos-containing products |
| ⚠ Statute of Limitations Warning: Filing deadlines vary by state from 1-6 years from diagnosis. Texas allows 2 years from diagnosis or discovery. Contact an attorney immediately to preserve your rights. |
How Do You File a Claim with the Johns Manville Trust?
The Johns Manville Trust offers two claim review options:
Expedited Review (Faster, Fixed Amount)
- Processing time: Typically 90 days to 4 months
- Fixed payment based on disease category
- No individual assessment of case specifics
- Best for: Straightforward cases with clear documentation
Individual Review (Longer, Potentially Higher)
- Processing time: 4-12 months or longer
- Case-specific evaluation
- May receive higher compensation based on:
- Severity of disease
- Economic losses (lost wages, medical costs)
- Extent of documented exposure
- Best for: Complex cases or exceptional circumstances
Required Documentation:
- Pathology report confirming diagnosis
- Medical records and imaging studies
- Employment history with dates and locations
- Product identification evidence
- Witness affidavits from co-workers (when available)
- Death certificate (for wrongful death claims)
Which Occupations Had the Highest Johns Manville Exposure?
Johns Manville products were used across virtually every American industry, but certain occupations faced particularly intense exposure:
Highest Risk Occupations:
- Shipyard workers (Kaylo and marine insulation)
- Insulation installers and removers
- Construction workers
- Boilermakers and pipefitters
- Electricians
- HVAC technicians
- Brake mechanics (brake linings)
- Roofers (shingles and roofing materials)
- Factory workers at JM facilities
Industries with Extensive JM Product Use:
- Naval shipbuilding (WWII through Vietnam era)
- Commercial construction
- Power generation plants
- Oil refineries
- Chemical plants
- Automotive manufacturing
- Railroad industry
| "Growing up in Pasadena near the refineries, we saw Johns Manville products everywhere. These companies knew for decades that their insulation was killing workers, but they kept selling it anyway. Every claim we help file honors the workers who deserved better." — Larry Gates, Client Advocate, Danziger & De Llano |
Can You File Both a Trust Claim and a Lawsuit?
Yes. Filing a Johns Manville Trust claim does not prevent you from pursuing:
- Other Trust Fund Claims: Most mesothelioma victims qualify for 5-15 different trust funds
- Lawsuits Against Solvent Companies: Companies that haven't declared bankruptcy can still be sued directly
- VA Benefits: Veterans can claim VA disability benefits alongside trust compensation
- Workers' Compensation: In most states, trust fund payments don't affect workers' comp eligibility
| ⚠️ Coordination Required: Some states require disclosure of trust fund payments during lawsuit discovery. Experienced asbestos attorneys coordinate these filings to maximize total recovery while complying with all legal requirements. |
What Is the Future Outlook for the Johns Manville Trust?
The Johns Manville Trust is projected to remain operational for 10-20+ years based on current payment rates and claim projections. Key considerations:
Trust Sustainability:
- Current assets: $558-630 million
- Payment percentage adjusted to preserve long-term solvency
- Approximately 10-20 year projected sustainability at current levels
Ongoing Concerns:
- Document destruction policies may affect future claims
- Payment percentages have trended downward over time
- Claimants should file without delay to preserve rights
Frequently Asked Questions
Who is eligible to file a Johns Manville Trust claim?
Anyone diagnosed with an asbestos-related disease who can document exposure to Johns Manville products may file a claim. This includes workers who handled JM products like Transite, Kaylo insulation, or other asbestos-containing materials, as well as family members who experienced secondary exposure through contaminated work clothing.
How long does the Johns Manville Trust claim process take?
Expedited review claims are typically processed within 90 days to 4 months when complete documentation is submitted. Individual review claims, which allow for higher potential compensation based on case-specific factors, can take 4-12 months or longer depending on complexity.
Can veterans file Johns Manville Trust claims?
Yes. Military veterans who were exposed to Johns Manville asbestos products during service — particularly those who served in naval shipyards where Kaylo insulation was widely used — can file trust claims. VA disability benefits can be pursued simultaneously without affecting trust fund eligibility.
Can family members file a claim after a loved one has passed away?
Yes. Wrongful death claims can be filed by surviving spouses, children, or estate representatives on behalf of deceased individuals who were exposed to Johns Manville asbestos products. A death certificate and medical records linking the death to asbestos disease are required along with standard exposure documentation.
How much compensation does the Johns Manville Trust pay for mesothelioma?
The trust's scheduled value for mesothelioma is $350,000 — the highest among major asbestos trusts. At the current 5.1% payment rate, actual payouts are approximately $17,850 per claim. However, most mesothelioma victims qualify for 5-15 additional trust funds, and combined recoveries typically total $300,000-$500,000 or more.
Can I file with the Johns Manville Trust and other trusts at the same time?
Yes. Filing a Johns Manville Trust claim does not prevent you from filing with other asbestos bankruptcy trusts, pursuing lawsuits against solvent defendants, claiming VA benefits, or receiving workers' compensation. An experienced asbestos attorney coordinates these multiple filings to maximize total recovery.
What documents do I need to file a Johns Manville Trust claim?
Claimants need a pathology report confirming an asbestos-related diagnosis, medical records and imaging studies, employment history with dates and locations, product identification evidence linking exposure to JM products, and witness affidavits from co-workers when available. Wrongful death claims also require a death certificate.
Will the Johns Manville Trust run out of money?
The trust currently holds $558-630 million in assets and is projected to remain operational for 10-20+ years at current payment rates. The payment percentage is periodically adjusted by actuaries to ensure long-term solvency — the March 2025 reduction from 5.5% to 5.1% was part of this ongoing recalibration process.
Quick Statistics
- $5.26 billion total distributed — more compensation paid to asbestos victims than any other single trust fund in U.S. history
- Payment rate history — the rate has declined from 10% at its peak to 5.1% as of March 2025, reflecting the volume of claims against finite assets
- 1,000+ asbestos-containing products — Johns Manville manufactured the widest range of asbestos products of any single company, spanning insulation, roofing, brake linings, pipe coverings, and cement products
- CRMC processes 50,000-80,000 new claims annually across all 15+ trusts it administers, with Johns Manville receiving the largest share
- Section 524(g) framework — the 1982 JM bankruptcy directly led Congress to codify the asbestos trust system in the Bankruptcy Reform Act of 1994, creating the legal mechanism used by 60+ subsequent trusts
- Founded 1858 in New York City — Johns Manville operated for 124 years before the 1982 bankruptcy filing, which at the time was the largest Chapter 11 in American history
- Peak asbestos production: 1950s-1970s — the company's Waukegan, Illinois facility alone processed tens of thousands of tons of raw chrysotile asbestos annually during peak production decades
- Berkshire Hathaway acquisition — Warren Buffett's Berkshire Hathaway acquired Johns Manville in 2001 for $1.8 billion; the company continues operating today as a fiberglass and roofing materials manufacturer
- 8 disease levels with separate scheduled values — Level 1 (non-malignant) through Level 8 (mesothelioma), with values ranging from under $1,000 to $350,000 before the payment percentage is applied
- Latency period of 20-50 years — most Johns Manville Trust claims involve exposure from the 1940s-1970s, with diagnoses occurring decades later due to mesothelioma's extended latency
Related Wiki Pages
- Asbestos Trust Funds Master Database
- Owens Corning Trust
- Pittsburgh Corning Trust
- W.R. Grace Trust
- Statute of Limitations Guide
- Evidence Preservation Guide
- Army Veteran Asbestos Exposure
- Veterans Mesothelioma Quick Reference
Get Help
- Danziger & De Llano — Call (866) 222-9990 for a free trust fund case evaluation
- Mesothelioma Lawyers Near Me — Free case evaluation and attorney matching
- Mesothelioma.net — Patient resources and trust fund information
Get Help Filing Your Johns Manville Trust Claim
|
🛡️ Free Johns Manville Trust Claim Review
Our team has helped recover compensation from the Johns Manville Trust for decades. We handle all paperwork, coordinate with other trust claims, and ensure you receive maximum compensation.
📞 Call (866) 222-9990
|
References and Citations
- Johns-Manville Asbestos Trust Payments & Lawsuits - Danziger & De Llano
- Asbestos Trust Fund Payouts Guide - Danziger & De Llano
- Asbestos Bankruptcy Trust Fund Guide - Danziger & De Llano
- Johns Manville: Asbestos Use, Lawsuit and Trust Fund - Mesothelioma Lawyer Center
- Mesothelioma Trust Funds Overview - Mesothelioma.net
- Mesothelioma Trust Funds: Compensation Without Lawsuit - MesotheliomaAttorney.com
This article draws from trust fund documentation, court records, Securities and Exchange Commission filings, GAO reports on asbestos compensation, and RAND Corporation studies on asbestos bankruptcy trusts. Payment percentages and asset levels current as of January 2025.