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Member, Beacon International Group, Ltd.
From 1988 through 2010, trusts established to pay asbestos litigation claims in the U.S. have paid about 3.3 million claims valued at about $17.5 billion, according to a recent report by the U.S. Government Accountability Office. In this report, the GAO examines the role and administration of asbestos trusts, analyzing trust agreements, distribution procedures and trust financial statements. Read the report.