Looking to see if you qualify for compensation from the North American Refractories Company?Find Out Now
NARCO filed for bankruptcy protection in 2002 and established a court-ordered bankruptcy trust fund for those injured by asbestos. The NARCO Asbestos Trust, funded with about $420 million, began processing claims in 2013.
Looking to see if you qualify for compensation from North American Refractories Company?Find Out Now
For nearly five decades, North American Refractories produced heat- and fire-resistant refractory materials for furnaces and boilers used in industrial applications. Many of the company’s products relied on asbestos because of its abilities to withstand high heat and fire.
The company, commonly known as NARCO, grew through a series of mergers and acquisitions and was owned by Honeywell until 1986. During that time, NARCO added other asbestos-containing products to its offerings, including brake pads and furnace fittings. NARCO had manufacturing locations in several states including Indiana, Kentucky and Michigan. The company is currently owned by ANH Refractories, which is formerly known as RHI Refractories.
By the time NARCO stopped manufacturing asbestos-containing products in the late 1980s, scores of people had been exposed to NARCO asbestos. By the early 2000s, NARCO faced about 200,000 lawsuits connect to the company’s asbestos use.
NARCO employees and their families are at risk for developing diseases related to asbestos exposure because many of the company’s products were made with the dangerous mineral.
NARCO’s plants nationwide employed people who now have an increased risk of developing asbestos-related diseases. Their families and close friends are at risk of developing second-hand asbestos diseases as well. Among the high-risk occupations include:
North American Refractories Company was founded in 1929 in Cleveland, Ohio, as a combination of several companies, including Crescent Fire Brick Company in Pennsylvania and Dover Fire Brick Company in Ohio. NARCO grew to become one of the largest asbestos refractory material manufacturers in the United States. The company initially just produced refractory cement that contained asbestos. The cement was used in high-heat areas, including furnaces, fireplaces and barbecues.
NARCO began operating at the turn of the century as the need for new housing increased. Companies like NARCO were central to brickmaking for the increase homes being built. Many refractories, including NARCO, built company housing in towns near the factories. The earliest location of NARCO had more than 400 employees.
By early 1940, NARCO operated 12 plants, 18 mines and two quarries. Of the 12 plants, 10 NARCO plants manufacture fireclay products and two manufacture silica bricks. Many of the plants specialize in specific products, including blast furnace bricks and spalling resistant roof bricks. The company also had warehouses in Philadelphia, Cleveland and Ontario.
The use of asbestos continued for decades despite the known dangers. Across the United States, manufacturers that use asbestos in its products concealed its use to put profits ahead of people.
When the NARCO asbestos trust was developed, a fixed amount of money was set aside to pay claimants now and in the future.
Anyone seeking funds from the NARCO trust must first determine which kind of distribution option works best for their compensation. The options are as follows:
The expedited review is designed to provide fast access to funds. Claimants who can meet the trust’s medical and exposure criteria often file expedited reviews. The following is a schedule of payments as they relate to disease levels:
|Asbestosis/pleural disease||Up to $7,500|
The individual review allows claimants who have extenuating circumstances to have a personalized review of their claim.
An individual review may result in a payment of the full value of the claim or may result in no payment at all. The average full value of an NARCO individual review trust claim is as follows:
The NARCO trust also allows for claims due to secondary (family) exposure.
As one of the largest refractories in the United States, NARCO had a large product line. Many of its products contained asbestos because it could increase the strength and heat resistance of any mixture. NARCO identified the following products as part of the trust:
Anyone who has been exposed to NARCO refractory products should be aware of any lung, abdominal or heart problems because they may be related to asbestos exposure. Contact us today for more information about filing a NARCO trust claim.
Fill out our quick form and see if you qualify for trust fund compensationCheck Now