Owens-Illinois Asbestos Trust Payment Percentage Increase Announced
Effective Wednesday, August 19, 2026, the Trustees of the Owens-Illinois Asbestos Personal Injury Trust announced a payment percentage increase from 50% to 65%. The Trust was established to handle claims related to asbestos exposure from Owens-Illinois, Inc.
Section 4.2 of the Trust Distribution Procedures allows the Trustee to adjust the payment percentage to reflect updated projections about claims, available assets, and future costs to ensure fair compensation across all claimants.
Claimants who were previously paid at a lower percentage may receive a supplemental payment that equals the difference between the amount they already received and the amount they would have received under the new, higher percentage.
Owens-Illinois manufactured and sold asbestos-containing pipe covering and block insulation under the brand name, Kaylo, which exposed workers to asbestos and increased the risk of developing mesothelioma.
If you or your loved ones have any questions about these changes, contact us today.
Request a Free Case Evaluation
Request a free case evaluation now if you or someone you love has been diagnosed with mesothelioma. The evaluation will cost you nothing. Our lawyers will travel to visit you at your convenience or conference call with you over the phone. We understand how difficult a time this is for you and will assist in any way that we can. You can also call us toll-free at 800-336-0086 at any time.
Attorney Early concentrates his work in asbestos bankruptcy matters. He oversees the bankruptcy department, makes bankruptcy court appearances, and addresses other bankruptcy-related issues. Attorney Early is a licensed attorney in New York, Connecticut, the Southern District of New York, and the Eastern District of New York.
Learn
More
