Settlements in these types of cases vary greatly based on type of exposure. Because of this, it is difficult to give an average settlement. However, many claimants receive compensation to the tune of 6 to 7 figures.
After a settlement is agreed to, it could take from six months to a year or more before the plaintiff receives any money because asbestos companies have to submit claims to their insurers who are often handling thousands of settlements at a time.
When settlements are being arranged, your lawyer could be dealing with a number of different companies at one time, and will therefore be in constant negotiation. Many times these settlements are agreed to just hours before trial, and plaintiffs may feel left out and confused as they are receiving little attention fro their attorney. Though this is sometimes inevitable, you should feel assured that your lawyer is working to provide adequate compensation.
Thursday, August 14, 2008
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