Announcements

NARCO: Clarification Regarding Personal Representative Claim Form Requirements

              A.   If the Injured Party is deceased, or lacks capacity, you must provide certain information regarding a personal representative to complete your claim form.  If a personal representative has been appointed, you must provide the requisite information. If a personal representative has not yet been appointed, please follow the below instructions:

 Representative [required field for both ER and IR claims]:

If the Injured Party is deceased, or lacks capacity, and a personal representative has not yet been appointed, enter the first and last name of the individual anticipated to be the personal representative, or the first and last name of the individual instructing the law firm to file this claim.

 Representative Relationship [required field for IR claims only]:

If the Injured Party is deceased, or lacks capacity, and a personal representative has not yet been appointed, also provide “Representative Relationship” i.e. the relationship to the injured party of the person anticipated to be the personal representative or instructing the law firm to file the claim (relative, guardian/admin, or other with description).

              B.    The IR claim form asks for the Estate Tax ID if one is available.  See the below clarification regarding this field:

 Estate Tax ID [IR claim form, enter only if available]: If the estate has a Tax ID, it should be entered here. DO NOT enter the SSN, Int’l ID or Tax ID of the personal representative or the anticipated personal representative.

CET: Supplemental Payments

Pursuant to Section 6.2 of the Asbestos Related Claims and Demands Trust Distribution Procedures (“the TDP”), the Trustee has recently completed a re-evaluation of the Payment Percentage.  As a result of this re-evaluation, the Trustee – with the consent of the Trust Advisory Committee and the Legal Representative – has decided to increase the Payment Percentage from 35% to 50%.

The Trustee has also decided that this increase in the Payment Percentage is to be applied to all post-bankruptcy claims which were previously paid by the Trust at a lower rate.  The Trust has adopted policies and procedures requiring each previously paid claimant or the claimant’s counsel to affirmatively accept the supplemental payment before a check will be issued.   Please refer to the “Supplemental Payment Policies and Procedures” memo posted on the Documents page of the website (http://www.claimsres.com/DocumentsCET.aspx) for further details.

Manville: MAP

The Manville Trust has reached its Maximum Annual Payment (MAP) amount for 2017.  Therefore, any claim with a status of “Awaiting Offer Funding” will not receive payment until 2018.  Claims at this status will be carried over to 2018 and placed at the head of the FIFO payment queue. Please refer to the 2002 TDP Section H.8 for further details.

NARCO: NARCO Trust Second Amended Trust Distribution Procedures and ADR Procedures

The NARCO Asbestos Trust has posted the Second Amended North American Refractories Company Asbestos Personal Injury Settlement Trust Distribution Procedures (“Second Amended TDP”) to the NARCO Trust’s Documents page.  The Second Amended TDP incorporates into one document all the amendments to the TDP that have been adopted to date and also includes a copy of the NARCO Trust’s Alternative Dispute Resolution Procedures for NARCO Asbestos Trust Claims which can be found as attachment A to the Second Amended TDP or separately on the NARCO Trust’s Documents page.