It has been proved that asbestos is responsible for a host of deadly diseases, together with cancer. Settlements worth billions have been given in asbestos litigation; settlements worth billions more are pending in assorted American courts.
The purpose of asbestos settlements is to help the victim of asbestos associated diseases with money to cover medical expenses. In worse cases, it was meant as a payment for the loss of revenue over the years, and the inherent earning capacity of an individual.
The government has set up regulations that limits asbestos exposure with the permissible limit for exposure being 0.1 fibers per cubic centimeter for an eight hour workday. For every 30 minutes of work period, fibre exposure should fall below 1.0 fibre per cc. Statutory health safety measures such as these have been mandated.
The process of asbestos hamlet puts the onus on the boss to compensate victims of asbestos associated health problems. In case the firm fails to bond to these stipulated safety rules, resulting in adverse effects for its workers, the firm is legally bound to pay hamlet to the affected workers as compensation.
There have been numerous cases of asbestos settlements in the United States, after the awareness towards asbestos as a health hazard grew. Two of these predominant cases happened in 1997 and 1999. Both these cases involved huge hamlet class actions. In the end, both these settlements were overturned by the court.
There are also allegations of asbestos settlements having come to be a full-fledged industry, where the party benefiting the most are the attorneys, as they get a part of the hamlet as fees for fighting the cases.
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