Babcock & Wilcox Co. Asbestos Trust Claims
The Babcock & Wilcox Company Asbestos Personal Injury Settlement Trust is an active asbestos trust formed in 2006 following the bankruptcy proceedings involving The Babcock & Wilcox Company, Diamond Power International, Inc., Babcock & Wilcox Construction Co., Inc., and Americon, Inc. The official Trust website continues to accept claims and currently publishes a 4.3% payment percentage. This page explains current claim values, review choices, medical and exposure requirements, and important distinctions in how Trust payments are calculated.
Babcock & Wilcox Asbestos Trust Facts
| Official trust name | The Babcock & Wilcox Company Asbestos Personal Injury Settlement Trust |
|---|---|
| Companies identified by the Trust | The Babcock & Wilcox Company; Diamond Power International, Inc.; Babcock & Wilcox Construction Co., Inc.; Americon, Inc. |
| Bankruptcy petition date referenced by TDP | February 22, 2000 |
| Trust formed | 2006 |
| Claims began | July 17, 2006 |
| Current status | Active; official website continues to provide claim filing through Trust Online |
| Current payment percentage | 4.3% |
| Mesothelioma scheduled / average / maximum | $90,000 / $120,000 / $400,000 |
| Lung Cancer 1 scheduled / average / maximum | $35,000 / $45,000 / $150,000 |
The current payment percentage is applied to the Scheduled Value for Expedited Review and to the gross settlement value for Individual Review. Disease Level I is a Cash Discount Payment and is treated differently under the TDP.
Bankruptcy and Trust History
The Trust’s official website states that the Babcock & Wilcox Asbestos Trust was formed in 2006 as a result of the bankruptcy of The Babcock & Wilcox Company, Diamond Power International, Inc., Babcock & Wilcox Construction Co., Inc., and Americon, Inc. The TDP identifies February 22, 2000 as the Petition Date and describes the Joint Plan of Reorganization filed in September 2005.
The Trust was established to resolve asbestos-related personal injury and death claims for which B&W and its predecessors, successors and assigns have legal responsibility. The Trust began accepting claims on July 17, 2006.
Who May Qualify to File a Babcock & Wilcox Claim?
A claimant must establish a compensable asbestos-related Disease Level and the medical and exposure evidence required by the TDP. For mesothelioma, the presumptive criteria require a diagnosis of mesothelioma and credible evidence of B&W Exposure.
The TDP defines B&W Exposure as meaningful and credible pre-December 31, 1982 exposure to asbestos or asbestos-containing products—including boilers—supplied, specified, manufactured, installed, maintained or repaired by B&W or an entity for which B&W has legal responsibility.
Babcock & Wilcox Disease Levels and Claim Values
| Disease | Scheduled Value | Average Value | Maximum Value |
|---|---|---|---|
| Mesothelioma — Level VIII | $90,000 | $120,000 | $400,000 |
| Lung Cancer 1 — Level VII | $35,000 | $45,000 | $150,000 |
| Lung Cancer 2 — Level VI | Individual Review | $15,000 | $50,000 |
| Other Cancer — Level V | $18,500 | $22,500 | $75,000 |
| Severe Asbestosis — Level IV | $35,000 | $37,000 | $150,000 |
| Asbestosis/Pleural Disease — Level III | $10,000 | None | None |
| Asbestosis/Pleural Disease — Level II | $5,000 | None | None |
| Other Asbestos Disease — Level I | $250 Cash Discount Payment | None | None |
These values come from the official TDP. Scheduled, Average and Maximum Values are valuation terms, not guaranteed payments. Level VI Lung Cancer 2 has no Scheduled Value and is handled through Individual Review.
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Current Babcock & Wilcox Payment Percentage
The official Trust website currently states that the payment percentage is 4.3%: 4.3% of the Scheduled Value for Expedited Review and 4.3% of the gross settlement value for Individual Review. The Trust posted a new Payment Percentage Notice on June 30, 2026 after announcing reconsideration of the percentage in May 2026.
Mathematical illustration only — not a guaranteed payment.
- Mesothelioma Scheduled Value: $90,000 × 4.3% = $3,870.
- Lung Cancer 1 Scheduled Value: $35,000 × 4.3% = $1,505.
- Severe Asbestosis Scheduled Value: $35,000 × 4.3% = $1,505.
- Other Cancer Scheduled Value: $18,500 × 4.3% = $795.50.
These calculations illustrate the current percentage against published Scheduled Values. Actual payment depends on claim eligibility, review method, liquidated value, applicable TDP provisions, releases, payment queues and current Trust procedures. Level I’s $250 Cash Discount Payment is specifically treated differently under the TDP and should not simply be multiplied by the general payment percentage.
Expedited and Individual Review
The Trust offers Expedited Review and Individual Review. Expedited Review is designed for claims that satisfy the presumptive medical and exposure criteria for an eligible Disease Level. A qualifying Expedited Review claim is valued at the applicable Scheduled Value.
Individual Review evaluates claim-specific circumstances. Disease Levels IV, V, VII and VIII may elect Individual Review for valuation, although the resulting liquidated value may be less than the Scheduled Value and generally cannot exceed the applicable Maximum Value. Lung Cancer 2 and Foreign Claims are liquidated only through Individual Review under the TDP.
The Trust provides electronic filing and claim management through Trust Online. Claimants should use the current official claim materials because Trust procedures, audit requirements and approved-site information may change.
Medical and Exposure Requirements
Mesothelioma requires a qualifying diagnosis plus credible B&W Exposure. Lung Cancer 1 requires a primary lung cancer diagnosis, evidence of an underlying bilateral asbestos-related nonmalignant disease, six months of B&W Exposure before December 31, 1982, Significant Occupational Exposure, and supporting medical documentation establishing asbestos exposure as a contributing factor.
The TDP defines Significant Occupational Exposure as at least five cumulative years of qualifying employment, including at least two years before December 31, 1982, in work involving regular asbestos exposure or regular close proximity to such work.
Evidence of B&W Exposure can include qualifying proximity to a B&W boiler or B&W services at an approved period, affidavits or sworn statements, invoices, employment or construction records, interrogatory answers, sworn work histories, depositions, and other credible evidence. The Trust may require additional evidence.
Financial and Claims Reporting
The Trust remains active and continues to publish current claim and payment information. Historical government reporting confirms that the Trust began with substantial assets and paid large numbers of claims, but historical funding is not the same as current assets.
For this page, current asset balances, cumulative claims-paid totals and lifetime dollars-paid statistics are not presented as current facts unless directly confirmed from an acceptable official Trust annual report or equivalent primary record available for verification. This avoids substituting secondary summaries for the Trust’s own financial reporting.
Confirmed Primary Sources for Trust Facts
This page uses official Trust materials as factual authority. No law-firm or lead-generation website was used as a source.
- Official Babcock & Wilcox Asbestos Trust website.
- Official Babcock & Wilcox Asbestos PI Settlement Trust Distribution Procedures, revised December 2, 2015.
- Official June 30, 2026 B&W Payment Percentage Notice page.
- Official B&W Trust news and notices.
- Official B&W Trust documents page.
Current assets, cumulative claims paid and lifetime dollars paid were not added without direct primary-source confirmation suitable for this page. Historical funding figures were not described as current assets.
Related Asbestos Trust Fund Resources
Asbestos Trust Fund Information
Filing and Eligibility
Payments and Current Trust Records
Frequently Asked Questions About the Babcock & Wilcox Asbestos Trust
Is the Babcock & Wilcox Asbestos Trust active?
Yes. The official Trust website continues to accept claims and provides Trust Online filing and claim-management access.
What is the current Babcock & Wilcox payment percentage?
The official Trust website currently states 4.3% of Scheduled Value for Expedited Review and 4.3% of gross settlement value for Individual Review.
What is the B&W mesothelioma Scheduled Value?
The TDP lists a $90,000 Scheduled Value, $120,000 Average Value and $400,000 Maximum Value for domestic mesothelioma claims.
How much is 4.3% of the mesothelioma Scheduled Value?
$90,000 multiplied by 4.3% equals $3,870. This is a mathematical illustration, not a guaranteed payment.
Does B&W offer Expedited Review?
Yes. Expedited Review is available for qualifying claims that satisfy the applicable presumptive medical and exposure criteria.
Does B&W offer Individual Review?
Yes. Individual Review is available under the TDP, and Lung Cancer 2 and Foreign Claims are handled only through Individual Review.
What exposure is required for a mesothelioma claim?
The mesothelioma criteria require credible B&W Exposure. The TDP defines qualifying exposure as meaningful and credible pre-December 31, 1982 exposure to asbestos or asbestos-containing products or services for which B&W has legal responsibility.
Does working near a B&W boiler automatically guarantee payment?
No. The TDP describes circumstances in which proximity can provide presumptive exposure evidence, but a claimant must still satisfy the applicable medical, exposure and procedural requirements. Compensation is not guaranteed.
Get Help Reviewing a Babcock & Wilcox Asbestos Claim
Call 800.291.0963
Live chat is available 24/7, 365 days a year.
Prior asbestos exposure does not automatically establish eligibility for a Babcock & Wilcox trust claim or lawsuit. Eligibility depends on medical and exposure evidence, current Trust procedures and individual circumstances. Compensation is not guaranteed.
⚕️ Legal & Medical Information Disclaimer
This page provides general educational information and is not medical or legal advice. The information does not establish asbestos exposure, diagnosis, causation, liability, claim eligibility or compensation. Medical concerns should be discussed with a qualified healthcare professional, and legal questions should be reviewed with a qualified attorney.