Announcements

NARCO Trust – DCPF Transition and Data Accessibility

NARCO Trust – DCPF Transition and Data Accessibility

As previously noticed, effective January 1, 2026, the North American Refractories Company Asbestos Personal Injury Settlement Trust (the “NARCO Trust”) will transition its claims processing to the Delaware Claims Processing Facility (“DCPF”). While all NARCO Trust data will be transferred to the DCPF, after that transfer certain data will no longer be accessible to law firm users. This notice explains what data will no longer be accessible and what law firms can do to preserve any data prior to the transition. 

Pre-Established Liquidated Claims (“PEL”) – This term refers to any submission with a Claim Election of Pre-Established Liquidated or PEL. Pre-Established Liquidated claims WILL NOT be loaded into DCPF’s Trust Online system (“Trust Online”) and therefore will not be accessible to law firms after December 31, 2025, at 5:00 p.m. ET.  Any questions related to PEL submissions should be directed to Trust Counsel, Heather Panko at panko@sbep-law.com.

Filings – This term refers to any submission designated with the “FLN” type other than PEL claims addressed above in the CRMC eClaims system (“eClaims”). These FLN records have not been submitted to the NARCO Trust and are not claims. 

The data for FLNs that fall into the two categories below WILL NOT be loaded into Trust Online, and therefore will not be accessible to law firms after December 31, 2025, at 5:00 p.m. ET: 

  1. Deleted FLNs: These are FLNs that have been deleted by the law firm and have a “DELETED” status in eClaims.
  2. Inactive FLNs: These are FLNs added to eClaims before January 1, 2025, that have not been edited or updated on or after January 1, 2025.  See the Detail Tab in eClaims to determine the Claim Type (“FLN”) and the History tab for key dates such as when the FLN was added to eClaims and when updates occurred. 

If you have a PEL submission or a Filing(s)/FLN(s) that falls into one of the above categories and you wish to obtain a copy of the data associated with the PEL or FLN from eClaims, you must log into eClaims and download the information by December 31, 2025 at 5:00 p.m. ET. 

To be clear, the NARCO Trust is not deleting or destroying any PEL or Filing(s)/FLN(s) information. All NARCO Trust data will be transferred to DCPF.  However, the information for the above categories of PEL submissions and Filings/FLNs will not be accessible through Trust Online. 

NARCO: Claims Processor Transition

NARCO Trust – Claims Processor Transition
 
Effective January 1, 2026, the North American Refractories Company Asbestos Personal Injury Settlement Trust (the “NARCO Trust”) will transition its claims processing to the Delaware Claims Processing Facility (“DCPF”). 
 
CRMC will stop accepting new claim filings on December 31, 2025, at 5:00 pm EST.  DCPF expects to commence accepting new NARCO Trust claims through its Trust Online system in mid-January 2026. 
 
The NARCO Trust will provide additional information regarding the transition and processing of claims in the coming days. Please watch for additional announcements from the NARCO Trust. In the meantime, all claims and claims related inquiries should continue to go to CRMC.

MLC: Payment Percentage Change

MLC ASBESTOS PI TRUST
c/o Wilmington Trust Company
1100 N. Market Street
Wilmington, DE 19890-1625

December 3, 2025

Dear Claimants and Claimants’ Counsel:

The payment percentage applicable to claims against MLC Asbestos PI Trust (the “Trust”) has been reduced to 10.3%.

This re-determination of the payment percentage has been proposed by the Trustee to the Trust Advisory Committee and the Future Claimants’ Representative of the Trust, whose consent to the payment percentage reduction is required by Section 2.2 (f)(i) of the governing Trust Agreement. In accordance with Section 4.3 of the Trust Distribution Procedures, during the pendency of the consent process the payment percentage for the Trust will be 10.3%. In the event that the 10.3% payment percentage is not ultimately adopted by the Trust, claimants whose claims have been paid applying the 10.3% payment percentage will receive an additional payment representing the difference between their payment based on the 10.3% payment percentage and any higher payment percentage that is subsequently adopted.

As you know, Section 4.2 of the Trust Distribution Procedures requires that the Trustee reconsider the payment percentage if he deems such reconsideration to be appropriate in order, among other things, to assure that the Trust will be able to pay similarly situated current and future claimants against the Trust as equitably as reasonably possible. As set forth in the letter to you dated August 4, 2025, the Trustee, upon the advice of his advisors, determined to reconsider the payment percentage.

As required by Section 4.2 of the Trust Distribution Procedures, the Trustee took into consideration current estimates of the number, types and values of present and future claims against the Trust, the value of assets currently available to the Trust for claims payments, anticipated processing, administrative and legal expenses, and all other material matters that the Trustee and his advisors considered to be reasonably likely to affect the sufficiency of the Trust’s assets to pay a comparable percentage of full value to all holders of claims against the Trust. In doing so, the Trustee received and relied on presentations and advice from Trust advisors.

MLC Asbestos PI Trust

MLC: Payment Percentage Reconsideration

MLC ASBESTOS PI TRUST
c/o Wilmington Trust Company
1100 N. Market Street
Wilmington, DE 19890-1625

August 04, 2025


        Section 4.2 of the Trust Distribution Procedures requires that the Trustee of the MLC Asbestos PI Trust reconsider the payment percentage no less frequently than once every three years. Accordingly, and upon the recommendation of the Trust’s advisors, the Trustee deems such reconsideration to be appropriate at this time, and has directed the Trust’s advisors to provide a report and recommendations regarding a reconsidered payment percentage.

        The Trustee will re-determine the payment percentage not less than thirty (30) days from the date of this letter. Claimants that receive a release prior to the announcement of a proposed payment percentage change will have until the later of (i) the date of the proposed payment percentage change or (ii) thirty (30) days following receipt of that release to return a properly executed release in order to qualify to receive the current payment percentage. If, after
the consultation and consent requirements of the TDP and Trust Agreement have been met, a revised payment percentage is adopted by the Trust that is higher than the current payment percentage, claimants who received payments based on a lower payment percentage shall receive a supplemental payment.

        Please be aware that failure to return a release within thirty (30) days of receipt could adversely affect your rights.

                                                                                     MLC Asbestos PI Trust

NARCO: Trustee Appointment

On December 31, 2024, the Honorable Ken M. Kawaichi, Ret.’s term as a Trustee of the NARCO Trust ended.  Effective as of February 28, 2025, LeAnne Jackson was appointed to serve as successor Trustee for a three-year term.

NARCO: Claims Audit Program Update

Dear Counsel:

The Trustees of the NARCO Asbestos Personal Injury Settlement Trust (the “Trust”) write to inform you that the Trust has retained Alvarez & Marsal to conduct the Trust’s claims audit program (“Claims Audit Program”) as described in the Claims Audit Program document dated April 1, 2023, available  on the Trust’s website at  https://www.narcoasbestostrust.org, under “Trust Documents.”

 If you have any questions about the Trust’s Claims Audit Program, please contact Alvarez & Marsal at: NARCOclaimsaudit@alvarezandmarsal.com.

 Kind regards,

Richard B. Schiro
Mark M. Gleason
Honorable Ken M. Kawaichi, Ret.

Trustees of the NARCO Asbestos Personal Injury Settlement Trust

MLC: Payment Percentage

MLC ASBESTOS PI TRUST
c/o Wilmington Trust Company
1100 N. Market Street
Wilmington, DE 19890-1625

August 29, 2024

Section 4.2 of the Trust Distribution Procedures requires that the Trustee of the MLC Asbestos PI Trust reconsider the payment percentage no less frequently than once every three years. Accordingly, and upon the recommendation of the Trust’s advisors, the Trustee deems such reconsideration to be appropriate at this time, and has directed the Trust’s advisors to provide a report and recommendations regarding a reconsidered payment percentage.

The Trustee will re-determine the payment percentage not less than thirty (30) days from the date of this letter. Claimants that receive a release prior to the announcement of a proposed payment percentage change will have until the later of (i) the date of the proposed payment percentage change or (ii) thirty (30) days following receipt of that release to return a properly executed release in order to qualify to receive the current payment percentage. If, after the consultation and consent requirements of the TDP and Trust Agreement have been met, a revised payment percentage is adopted by the Trust that is higher than the current payment percentage, claimants who received payments based on a lower payment percentage shall receive a supplemental payment.

Please be aware that failure to return a release within thirty (30) days of receipt could adversely affect your rights.

MLC Asbestos PI Trust

CRMC: General Counsel Retirement

After 27 years of outstanding and devoted service to the Manville Trust and its beneficiaries, Jared Garelick retired from full-time general counsel responsibilities to the Trust as of July 31, 2024.  His wealth of knowledge of the Manville Trust’s history and its evolution, his helpful spirit and his keen intellect have been invaluable. We wish him the best in his retirement.