Since bringing to the fore of the health hazard constituted by asbestos beginning in the late 1960’s, there had been so many cases of asbestos settlements in the United States and in fact in the whole of the western world. Some cases has led to victims been compensated while in some cases the verdict was against the victims. And still in some case the verdicts had been challenged and later overturned.
Exposure to asbestos has been proved to be the primary cause of a vast number of deadly diseases and these include cancer. The material had been used frequently in building because of its thermal and insulation properties but has also be scientifically proven carcinogenic in nature which means long time exposure to it results in dire consequences for the victims.
Helping the victim of exposure related with money to cover medical expenses was the sole purpose of asbestos settlements. It is also meant to cater for incapacity benefit, that is, compensation for the loss of income over the years. However, over the years, there has been numerous allegations of it been turned into a full-fledged enterprise where the attorneys are the big winners since they get a part of the settlement fees as reward for fighting the different cases.
There is no specific formula for estimating the valuation of a settlement as there are a lot of factors to consider carefully before the final verdict and these could be very difficult since some of the factors are subjective rather than quantifiable. Questions like age when exposed? How long the exposure was for? What is the victim’s potential earning capacity? Settlements worth billions have been given in asbestos lawsuits; settlements worth billions more are pending in various courts worldwide.
It is therefore, imperative to acquire the services of an experience team of attorneys who can perform the investigative stage perfectly and compile evidences in a compelling manner so as to help the court reach a verdict as quickly as possible. Without this aspect done correctly, you’ve got a no-case. So try to choose wisely and you and your family will smile in the end.