Kaiser Gypsum Asbestos Trust Fund Claims

Kaiser Gypsum Asbestos Trust Facts

Bankruptcy and Trust History

The official Trust website states that the Kaiser Gypsum Asbestos Personal Injury Trust was established in 2021 as part of the Third Amended Joint Plan of Reorganization of Kaiser Gypsum Company, Inc. and Hanson Permanente Cement, Inc., dated May 30, 2019.

The Trust was created to process and pay valid asbestos personal-injury claims under the Plan, Trust Agreement and Trust Distribution Procedures. Its structure reflects the continuing role of asbestos insurance: most claims are classified as Insured Asbestos Claims and ordinarily must first be resolved in the tort system against the reorganized debtors before the Trust pays the applicable uninsured or deductible portion.

This trust should not be confused with the separate Kaiser Aluminum & Chemical Corporation Asbestos Personal Injury Trust. Kaiser Gypsum and Kaiser Aluminum have different debtors, governing documents and claim-payment systems.

Insured and Uninsured Asbestos Claims

The TDP distinguishes two major claim types. An Insured Asbestos Claim is covered by an asbestos insurance policy identified in the reorganization Plan. The official filing instructions state that most Kaiser Gypsum Trust claims are expected to be Insured Asbestos Claims.

For an unliquidated Insured Asbestos Claim, the claimant generally must first sue Kaiser Gypsum Company, Inc. and/or Hanson Permanente Cement, Inc. in the relevant tort system and obtain the benefit of applicable insurance coverage. After the claim has been fully and finally resolved and the insurer has made the required payment, the claimant may seek Trust payment of the portion not covered by the insurance policy.

An Uninsured Asbestos Claim is handled differently. The Trust determines its liquidated value with reference to the debtors’ pre-petition tort-system history and valuation data. The TDP does not provide a simple disease-by-disease dollar schedule for these claims.

How Kaiser Gypsum Values Claims

Kaiser Gypsum is materially different from trusts that publish fixed Scheduled, Average and Maximum Values for mesothelioma and other diseases. The governing TDP does not publish such a disease-level matrix.

For compensable Insured Asbestos Claims, the Trust determines the applicable deductible and other amount owed after the underlying insured claim is resolved. The TDP publishes these deductible tiers according to the injured person’s first exposure date:

Claims involving later first-exposure dates are handled under the TDP provisions applicable to Uninsured Asbestos Claims rather than by extending these deductible tiers beyond their published dates.

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Current 62% Payment Percentage

The Trust’s official Notices page publishes the Kaiser Resolution for Adjusted Payment Percentage dated May 19, 2026. That resolution establishes a 62% Payment Percentage effective May 19, 2026.

The TDP requires the Payment Percentage to be applied to payments made by the Trust. It may be adjusted upward or downward with the required approvals to reflect current estimates of Trust assets, asbestos liabilities, administrative expenses and other material factors.

Because Kaiser Gypsum does not publish a disease-level Scheduled Value matrix, it would be misleading to multiply 62% by an invented “mesothelioma Scheduled Value.” For an Insured Asbestos Claim, the percentage applies after the Trust determines the deductible and any other amount it owes under the TDP.

Mathematical illustration only — not a guaranteed payment. If the Trust determined that the amount it owed on a qualifying claim before application of the Payment Percentage were $50,000, applying 62% would mathematically equal $31,000. This hypothetical does not represent a published disease value, claim offer or guaranteed payment.

Filing and Payment Process

The current official filing instructions state that claimants with unliquidated Insured Asbestos Claims generally must first resolve their claims in the tort system and obtain applicable insurer payment before seeking payment of the uninsured portion from the Trust.

A claimant then submits the appropriate Kaiser Gypsum claim form and supporting documentation. The Trust accepts electronic filings through the Verus system and also provides forms and instructions through its official Resources page.

The TDP maintains separate FIFO processing queues for Insured and Uninsured Asbestos Claims and a FIFO Payment Queue for finally resolved Trust claims. All Trust payments remain subject to the applicable Payment Percentage and other limitations in the governing documents.

Medical and Exposure Evidence

The official filing materials require medical records supporting the injured person’s diagnosis of an asbestos-related disease and proof of exposure to asbestos-containing products or conduct for which Kaiser Gypsum Company, Inc. and/or Hanson Permanente Cement, Inc. has legal responsibility.

Exposure documentation can include an affidavit or declaration identifying the site, occupation, industry, dates of exposure, asbestos-containing products and a description of the exposure. For Insured Asbestos Claims, the claimant must also document that the underlying claim was fully and finally resolved and, where applicable, paid by the asbestos insurer.

Because the Trust’s valuation system is not a conventional disease-level matrix, diagnosis alone does not establish a fixed Trust payment. Insurance status, first exposure date, underlying tort-system resolution, applicable deductible, Trust liability and the Payment Percentage all can affect the amount payable.

2025 Financial and Claims Information

The Trust’s official Notices page publishes its 2025 Trust Annual Report, filed in 2026. The audited financial statements report approximately $63.7 million in net claimants’ equity as of December 31, 2025.

The annual report states that 783 Insured Asbestos Claims had been added to the FIFO processing queue since inception through year-end 2025. It reports 158 claims paid, 110 outstanding offers, 30 claims under review and 437 claims determined deficient among the claim-status categories disclosed.

The report states that no Uninsured Asbestos Claims had been filed as of December 31, 2025.

A single reliable inception-to-date cumulative dollar-payment total is not presented here. The annual report contains claims-payment disclosures whose timing and accounting treatment should not be combined into an invented lifetime total. This page therefore reports only the figures that can be stated directly without manufacturing a cumulative number.

Confirmed Primary Sources for Trust Facts

No law-firm or lead-generation website was used as factual authority for this page. Primary Trust materials reviewed include:

• Official Kaiser Gypsum Asbestos Personal Injury Trust website.
• Official Trust Resources page.
• Official Trust Notices page, including the May 19, 2026 Payment Percentage resolution and 2025 annual report.
• Official Kaiser Gypsum Asbestos Personal Injury Trust Distribution Procedures.
• Official current Instructions for Filing Insured Asbestos Claims.
• Official claims-administrator contact information.

Get Help Reviewing a Kaiser Gypsum Asbestos Claim

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Prior exposure to a Kaiser Gypsum or Hanson Permanente asbestos-containing product does not automatically establish Trust eligibility or compensation. Claim type, medical evidence, exposure evidence, insurance status, underlying tort-system resolution, current Trust procedures and individual circumstances can affect a claim. Compensation is not guaranteed.