Category: NARCO

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

NARCO: Claims Processing Updates Related to Timing of Submission for Proof of Personal Representative’s Official Capacity

eClaims has been updated to allow claims to be reviewed for exposure, medical and statute of limitations purposes and receive an offer prior to the submission of the appropriate Certificate of Capacity documentation. To the extent Certificate of Capacity documentation is required, any offer on the claim is contingent upon receipt of both the signed release and the appropriate Certificate of Capacity documentation. The claim will not be paid until the appropriate Certificate of Capacity documentation is provided. 

NARCO: Update to Trust’s Policy on Proof of Personal Representative’s Official Capacity for Deceased Claimants

The NARCO Trust has revised its policy on acceptable documentation for proof of the personal representative’s official capacity for deceased claimants. The NARCO Trust will continue to accept Letters Testamentary/Letters of Administration or other proof of the personal representative’s official capacity as provided or allowed by applicable state law.  Alternatively, the NARCO Trust will now accept the submission of the Affidavit of Decedent’s Representative and the Law Firm/Attorney’s Representation Affirming Official Representative’s Authority as proof of the personal representative’s official capacity.  To be clear, submitting one form and not the other form will not be sufficient – both forms must be submitted to satisfy the requirement.  The forms for the Affidavit of Decedent’s Representative and the Law Firm/Attorney’s Representation Affirming Official Representative’s Authority can be found on the NARCO Trust’s Documents Page.

NARCO: Revised Releases

The NARCO Trust has revised its releases to include a certification regarding the payment and/or resolution of certain Medicare related obligations. These revisions are made in accordance with the Amended Buyout Agreement approved by the United States Bankruptcy Court for the Western District of Pennsylvania on December 8, 2022. Please see the NARCO Trust’s Documents Page for the revised releases. The revised releases apply to all releases received after January 30, 2023.