Shook & Fletcher Asbestos Trust Payments Guide
Shook & Fletcher Asbestos exposure has had devastating effects on thousands of workers and their families across the United States. For decades, the company manufactured insulation and construction materials that contained asbestos, a toxic mineral now known to cause life-threatening diseases like mesothelioma, lung cancer, and asbestosis. As the dangers of asbestos became undeniable, many victims sought justice through the Shook & Fletcher Asbestos Lawsuit, holding the company accountable for the harm caused by its products.
Today, compensation for those affected is available through Shook & Fletcher Asbestos Trust payments, designed to provide financial relief for victims and their loved ones facing the lasting consequences of asbestos exposure.
Shook & Fletcher Asbestos Trust Compensation Values (Disease Schedule)
The Shook & Fletcher Asbestos Trust was created to compensate individuals who developed asbestos-related illnesses after exposure to the company’s products. Each disease is assigned a scheduled value, which represents the amount that would be paid if the trust were fully funded.
These scheduled values are based on the severity of the illness and the extent of exposure. However, the actual amount claimants receive depends on the Shook & Fletcher Asbestos trust payment percentage, which adjusts payouts according to the funds available in the trust.
Below is an example of how the Shook & Fletcher Asbestos Trust Compensation Schedule is structured:
| Disease Level & Category | Disease Description | Scheduled Value |
|---|---|---|
| Level VIII – Mesothelioma | Cancer of the lining of the lungs, abdomen, or heart caused by asbestos exposure | $150,000 |
| Level VII – Lung Cancer 1 | Lung cancer with significant occupational asbestos exposure and evidence of asbestosis | $75,000 |
| Level VI – Lung Cancer 2 | Lung cancer with some asbestos exposure but without evidence of asbestosis | $20,000 |
| Level V – Other Cancer | Cancers of the larynx, esophagus, or colorectal region linked to asbestos exposure | $15,000 |
| Level IV – Severe Asbestosis | Advanced asbestosis with extensive lung scarring and disability | $40,000 |
| Level III – Asbestosis/Pleural Disease (Severe) | Substantial lung impairment or shortness of breath | $15,000 |
| Level II – Asbestosis/Pleural Disease (Moderate) | Evidence of asbestos exposure with some functional impairment | $5,000 |
| Level I – Other Asbestos Disease | Non-malignant asbestos-related conditions, such as pleural plaques | $2,000 |
Unfortunately, actual payouts from the trust are not the same as their scheduled value. Like all asbestos trust funds, payouts from the Shook & Fletcher Asbestos Trust depend on their payment percentage.
Shook & Fletcher Trust Payout Percentage for 2025
The Shook & Fletcher Asbestos Trust continues to provide compensation to victims of asbestos exposure who have been diagnosed with asbestos-related diseases. The amount a claimant receives depends on the Shook & Fletcher Asbestos trust payment percentage, which determines how much of the scheduled value is actually paid out based on available trust funds. For 2025, this percentage helps ensure that funds remain sufficient for both current and future claimants while still offering fair compensation for those affected by the company’s asbestos-containing products.
The table below shows the current Shook & Fletcher Asbestos Trust payment percentage along with typical payout amounts for approved claims in 2025.
| Disease Level & Category | Scheduled Value | Payment % (Current – 2025) | Typical Payout |
|---|---|---|---|
| Level VIII – Mesothelioma | $150,000 | 10% | $15,000 |
| Level VII – Lung Cancer 1 | $75,000 | 10% | $7,500 |
| Level VI – Lung Cancer 2 | $20,000 | 10% | $2,000 |
| Level V – Other Cancer | $15,000 | 10% | $1,500 |
| Level IV – Severe Asbestosis | $40,000 | 10% | $4,000 |
| Level III – Asbestosis/Pleural Disease (Severe) | $15,000 | 10% | $1,500 |
| Level II – Asbestosis/Pleural Disease (Moderate) | $5,000 | 10% | $500 |
| Level I – Other Asbestos Disease | $2,000 | 10% | $200 |
Comparing Shook & Fletcher’s Payout Rates to Other Asbestos Trusts
Payout percentages vary widely between asbestos trust funds, depending on the number of claims, available assets, and financial management of each trust. The Shook & Fletcher Asbestos Trust currently maintains a conservative payment percentage to ensure long-term sustainability, but this can significantly impact the total amount received by claimants.
Here’s how Shook & Fletcher compares to other large trust funds:
| Asbestos Trust Name | Scheduled Value for Mesothelioma | Payment % (Current) | Typical Actual Payout |
|---|---|---|---|
| Shook & Fletcher Asbestos Trust | $150,000 | 10% | $15,000 |
| Owens Corning Fibreboard Asbestos Trust | $215,000 | 8.9% | $19,135 |
| Johns-Manville Asbestos Trust | $350,000 | 5.1% | $17,850 |
| United States Gypsum Asbestos Trust | $155,000 | 8.0% | $12,400 |
| Armstrong World Industries Trust | $115,000 | 7.5% | $8,625 |
Want to see how this compares to payout percentages from other asbestos trust funds? Check out our Asbestos Trust Fund Payouts Guide.
“Even brief exposure to asbestos can increase a person’s risk of developing mesothelioma, lung cancer, or other serious diseases.”
Shook & Fletcher Asbestos-Containing Products List
The Shook & Fletcher Asbestos products list highlights materials that were commonly used in industrial, commercial, and construction settings throughout the 20th century. These Shook & Fletcher Asbestos products often contained asbestos fibers, which were valued for their heat resistance and durability but later found to cause serious health risks such as mesothelioma and lung cancer.
The table below lists known Shook & Fletcher asbestos-containing products that have been linked to asbestos exposure. If you or a loved one worked with these products and were diagnosed with an asbestos-related disease, you could be entitled to compensation.
| Product Name | Product Type | Common Use / Industry |
|---|---|---|
| Shook & Fletcher Insulating Cement | Thermal Insulation Material | Used in power plants, refineries, and shipyards to insulate pipes and boilers |
| Shook & Fletcher Block Insulation | Pipe & Equipment Insulation | Applied to industrial boilers, furnaces, and steam systems |
| Shook & Fletcher Spray Coating | Fireproofing & Thermal Coating | Sprayed on building steel beams and walls for fireproofing |
| Shook & Fletcher Pipe Covering | Pipe Insulation | Commonly used in chemical plants and manufacturing facilities |
| Shook & Fletcher Block Refractory | Refractory Material | Used in furnaces, kilns, and high-temperature industrial equipment |
| Shook & Fletcher Gaskets & Sealants | Sealing Materials | Used in machinery, valves, and piping systems to prevent leaks |
| Shook & Fletcher Boiler Insulation | Boiler Insulation Material | Applied to industrial boilers for thermal protection |
Overview of the Shook & Fletcher Asbestos Lawsuit and Trust Fund
Company and Use of Asbestos
Shook & Fletcher was founded in 1901, originally as a supplier of iron, coal, and brick products.
In 1949, the company began manufacturing insulation products that contained asbestos. These materials were widely used in industrial and commercial settings for their heat resistance and durability.
The use of asbestos in its insulation and related products continued through the 1970s, exposing many workers, contractors, and nearby employees to hazardous asbestos fibers.
Lawsuits and Liability
Beginning in the mid-1970s, around 1976, workers and others exposed to Shook & Fletcher products who later developed asbestos-related diseases, such as mesothelioma and lung cancer, began filing lawsuits against the company. These lawsuits claimed that Shook & Fletcher failed to warn about the known dangers of asbestos exposure.
One particularly notable case involved an insulator who had worked for Shook & Fletcher as well as other companies. The worker developed mesothelioma and later died from the disease. His widow sued, and a jury awarded $8.4 million, which was divided among the various companies found responsible for his exposure.
Shook & Fletcher also pursued litigation against its insurers to recover the costs associated with asbestos claims. For example, the company and its bankruptcy trust filed legal actions against insurance carriers such as Safety National Casualty Company to secure coverage for asbestos-related liabilities.
Bankruptcy and Trust Fund
Due to the overwhelming number of asbestos-related lawsuits, Shook & Fletcher became financially burdened. By 2002, the company faced tens of thousands of active claims, some estimates placing the number at around 80,000.
In April 2002, Shook & Fletcher filed for Chapter 11 bankruptcy protection in order to reorganize and manage its asbestos liabilities.
As part of the bankruptcy reorganization plan, the Shook & Fletcher Asbestos Settlement Trust was established in October 2002. This trust, also known as the Shook & Fletcher Asbestos Trust, was created to compensate both current and future victims of asbestos exposure linked to the company’s products.
The trust was initially funded with approximately $109 million to resolve all pending and future asbestos-related claims.
Notable Facts and Other Details
Before declaring bankruptcy, Shook & Fletcher reportedly paid more than $40 million in asbestos settlements.
The trust’s payment percentage, the portion of the scheduled value claimants actually receive, has fluctuated over time. As of May 30, 2025, the Shook & Fletcher Asbestos trust payment percentage increased from 50% to 58%.
In addition to manufacturing asbestos products, Shook & Fletcher also distributed and installed its own materials as well as those produced by other manufacturers. Many job sites across multiple industries are listed in the trust’s exposure records, underscoring the company’s extensive role in asbestos use throughout the 20th century.
Shook & Fletcher Asbestos Use Timeline – When Did It Stop?
Shook & Fletcher began using asbestos in its insulation materials around 1949, continuing throughout the 1970s. As awareness of asbestos health risks grew, the company gradually phased out its use and replaced it with safer materials. Although production stopped by the late 1970s, asbestos exposure risks continued for decades because many of the company’s products remained installed in industrial and commercial buildings.
Current Balance of the Shook & Fletcher Asbestos Trust Fund
The Shook & Fletcher Asbestos Settlement Trust was created in 2002 with about $109 million to pay victims of asbestos exposure. Over time, the trust has adjusted its payout levels to stay financially stable. As of 2025, the Shook & Fletcher Asbestos trust payment percentage is 58%, meaning claimants receive 58% of their approved claim value.
Eligibility for Filing a Shook & Fletcher Asbestos Claim
To qualify for compensation, claimants must show:
- A diagnosed asbestos-related illness such as mesothelioma, lung cancer, or asbestosis.
- Proof of exposure to Shook & Fletcher asbestos products or worksites before December 31, 1985.
- Claims must generally be filed within three years of diagnosis.
Both Expedited Review (for faster payouts) and Individual Review (for detailed case evaluation) options are available. Surviving family members may also file on behalf of deceased victims.
How to File a Shook & Fletcher Asbestos Claim
Have you or a loved one developed mesothelioma or another asbestos-related illness after using Shook & Fletcher products? At the Mesothelioma Lawyer Center, we understand how overwhelming it can feel to navigate the process of filing a Shook & Fletcher Asbestos claim. Our team has helped countless families across the country secure compensation through asbestos trust funds, including the Shook & Fletcher Asbestos Trust. Our mesothelioma lawyers are ready to fight for your compensation. Contact us online or call 800-793-4540 for immediate assistance.
STAT: As of 2025, the Shook & Fletcher Asbestos Trust pays claimants
58% of their approved claim value — one of the higher asbestos trust payout percentages in the U.S.
Legal Disclaimer
The information provided is for educational and informational purposes only. The information on this website is not intended as legal advice and should not be used as a substitute for consulting a licensed attorney. Legal outcomes and laws can vary by jurisdiction, and only a qualified lawyer can provide guidance tailored to your situation.
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