If you worked around furnaces, boilers, or other high-heat equipment, as a steamfitter, pipefitter, boilermaker, insulator, or furnace worker, and a mesothelioma or other asbestos diagnosis has now come in, the refractory products that Plibrico made may be part of the reason, and the company left behind a trust built to pay these claims.
For most of the twentieth century, Plibrico was one of the country's leading makers of refractory, the heat-resistant material that lines furnaces, boilers, kilns, and incinerators so they can hold the temperatures that steel mills, foundries, glass plants, and power plants run on. From the 1950s into the 1970s, Plibrico put asbestos into many of those products, the castable refractories, the cements, the insulating materials, and the men who mixed, installed, and tore them out breathed the dust. The company went through bankruptcy and left behind a trust, the Plibrico Asbestos Trust, which is open and still paying today.
You don't need to remember product names or have old job records in hand. The trust accepts sworn statements, coworker accounts, and work histories to document exposure, and reconstructing that is our job, not yours. One thing is worth being clear about from the start, because it shapes everything below: this is a small trust as these go, and a Plibrico claim is almost always one piece of a larger recovery rather than the whole of it. We explain exactly what that means below. If you can tell us where you worked and when, we have a place to start.
You don't need the product names or old records. No fee unless we recover compensation for your family.
Key facts
- Bankruptcy → trust
- 2002 → 2006
- Trust funding
- about $206 million
- Mesothelioma scheduled value
- $350,000
- Mesothelioma maximum value
- $750,000
- Current payment percentage
- 0.94% from the trust’s notice of August 27, 2024
- Mesothelioma payment at that percentage
- about $3,290 – $7,050
- Net assets, end of 2025
- $59.8 million from the 2025 annual report
- Claims paid in 2025
- $7.9 million from the 2025 annual report
Payment percentages and values current as of October 2026. Trusts change their percentages; we update them when the trust's notice arrives. Download the data
Quick answers
| The mesothelioma value is $350,000. Is that what I'd get? | No, and it's important to be clear about this. The trust pays a small percentage of that value, currently under 1%, so the actual payment is on the order of a few thousand dollars. That's why a Plibrico claim is filed as one piece of a larger recovery, not on its own. |
|---|---|
| Then is it even worth filing? | Usually yes, because it's rarely the only claim. The same refractory and high-heat work that exposed you to Plibrico exposed you to many other companies' products, and those claims add up. We file Plibrico alongside the rest, not instead of them. |
| Did Plibrico really expose me to asbestos? | Very likely, if you worked around furnaces, boilers, or kilns during the asbestos years. Plibrico's castable refractories and cements contained asbestos, and mixing the dry powder, installing it, and tearing out old linings all put fiber in the air. |
| Do I have to file a lawsuit to recover from the trust? | No. A trust claim is a paper claim. No court, no deposition, no defense lawyer. You document your diagnosis and your exposure to Plibrico products, and the trust pays on its schedule. |
| Isn't Plibrico still in business? | Yes, it reorganized through its bankruptcy and still makes refractory today. Your claim is paid by the trust the bankruptcy created, not by the working company, so filing doesn't touch anyone's job. |
| How long do I have to file? | The trust keeps accepting claims, but related deadlines, especially for any lawsuit, depend on your state and on whether this is a personal-injury or a wrongful-death situation, and some are short. Call soon after diagnosis. |
| Is the Plibrico trust my only claim? | Almost never, and for this trust that's the whole point. A furnace, boiler, or refractory career reaches many other trusts and defendants, and that's where most of the recovery is. |
“I started this firm after learning that the cancers that killed my father and grandparents were caused by asbestos, something we did not realize until it was too late to hold anyone accountable. That experience is why we built this site: so that no other family misses their chance to ask the questions, hear the options, and decide for themselves what to do.”
What the Plibrico trust pays
The trust assigns each disease a set of values, with mesothelioma at the top. You'll notice these numbers look large, and there's something important to understand about them right away, because the listed value is not the check.
| Disease level | Scheduled value | Average value | Maximum value |
|---|---|---|---|
| Mesothelioma (Level VII) | $350,000 | $425,000 | $750,000 |
| Lung cancer 1 (Level VI) | $120,000 | $135,000 | $200,000 |
| Lung cancer 2 (Level V) | — | $45,000 | $135,000 |
| Other cancer (Level IV) | $65,000 | $70,000 | $100,000 |
| Severe asbestosis (Level III) | $120,000 | $135,000 | $200,000 |
| Asbestosis / pleural disease (Level II) | $15,000 | — | $15,000 |
| Other asbestos disease (Level I) | $1,500 | — | $1,500 |
An em-dash means the trust doesn't list that figure: lung cancer 2 has no fixed scheduled value (it's handled through Individual Review), and the two lowest levels are paid at a single flat amount. The trust also adjusts all of these values once a year for inflation, by a measure tied to the Consumer Price Index, now capped at 3% a year, so the current figures may differ a little from the ones above, and we confirm them when a claim is filed.
Here's the part that matters most. The trust doesn't pay the listed value; it pays a small percentage of it, currently 0.94%. That's not a typo, and it's not unusual for a trust of this kind. It means the $350,000 mesothelioma value translates, in practice, to a payment on the order of a few thousand dollars rather than anything close to the headline number. We explain below why the percentage is set where it is, and why it's nothing to be alarmed about, but it's the reason we tell every Plibrico caller the same thing up front: the value of this claim is real but modest, and it belongs inside a larger recovery built across every company that exposed you, not on its own. That larger recovery is where the meaningful money is, and building it is what we do.
How Plibrico's products exposed workers to asbestos
Plibrico didn't mine asbestos, and asbestos wasn't its business. Refractory was. The company made the heat-resistant linings that go inside furnaces, boilers, kilns, and incinerators, the materials that let a steel furnace or a powerhouse boiler run at temperatures that would destroy ordinary brick. Its specialty was monolithic refractory, a moldable material mixed on site and formed into a single seamless lining, rather than the older method of stacking pre-formed firebrick. From the 1950s into the 1970s, Plibrico added asbestos to many of these products, the castable refractories, the cements, the insulating materials sold under names like Plicast, Pliseal, and Plisulate, because it helped them mold, bind, and insulate at high heat.
The exposure came from working with them. These products often arrived as a dry powder that had to be mixed with water on the job, and tipping the bag and mixing the dry material sent asbestos dust straight into the air. Installing monolithic refractory meant ramming, troweling, and gunning the wet material into place and then trimming it to fit. And the heaviest exposure of all came at the other end of the cycle: when a furnace or boiler had to be relined, the old, hardened, heat-baked lining was broken out and torn down, which released far more fiber than installing it new. All of this happened in and around hot, confined equipment, often with little ventilation, where the dust hung in the air and was breathed by everyone working the job.
That reached more than Plibrico's own crews. The people most exposed were the workers who handled refractory directly, the bricklayers and refractory workers, the boilermakers, the furnace and boiler crews, but also the steamfitters, pipefitters, insulators, and laborers working alongside them in the same furnace rooms and boiler houses of steel mills, foundries, glass plants, power stations, and refineries. When a lining was torn out, the whole space filled with dust.
A Plibrico claim also rarely stands alone, and for this trust that fact does real work. Refractory was one of many asbestos materials in a high-heat plant, alongside the pipe and block insulation, the gaskets and packing, the products of dozens of makers. The same job that exposed a worker to Plibrico exposed him to all of it. We come back to that below, because it's where the recovery is. To understand how this work caused exposure, see asbestos refractory products and cement and the boilermakers and pipefitters and steamfitters pages.
How the Plibrico bankruptcy created the asbestos trust
By the 1980s and 1990s, Plibrico was facing thousands of asbestos lawsuits from the workers its refractory products had exposed over the decades. The company spent years settling what it could, but the volume of claims eventually outran what it could pay, and in 2002 it filed for Chapter 11 bankruptcy in Illinois.
What came out of that bankruptcy, in 2006, was a trust. It was set up under the part of the bankruptcy law written for asbestos, Section 524(g), which lets a court channel every asbestos claim against a company, the ones already filed and the ones still to surface decades later, into a single trust that pays them in the company's place. Plibrico funded the trust with roughly $206 million, a substantial sum, and the trust has been paying claims ever since. As later sections explain, the size of that fund relative to the number of people it has to cover, across decades still to come, is exactly why the percentage it pays on each claim is small.
One thing surprises people: Plibrico is still in business. It reorganized through its bankruptcy and continues to make refractory products today. That doesn't change anything about your claim, because the bankruptcy did what these bankruptcies are designed to do: it separated the old asbestos liability from the working company and parked it in the trust. You're not suing a working business or threatening anyone's job. You're filing a claim against a fund that was set up, and set aside, specifically to pay it.
What the trust pays, and why the percentage is so low
This is the section that explains the number that surprises everyone. The trust assigns each claim a value based on the disease, with mesothelioma valued at the top, and those values are large, on paper. But the trust does not pay the value in full. It pays a percentage of it, and right now that percentage is 0.94%, under one cent on the dollar.
That isn't a sign of a failing trust, and it isn't unique to Plibrico. It's how a fixed pot of money is shared fairly across everyone it owes. When the trust was set up, it had to be sized to cover not just the people already sick, but everyone who would be diagnosed for decades afterward, since asbestos disease can take thirty, forty, or fifty years to appear. To make sure the last claimant in 2040 is treated the same as the first in 2006, the trust calculates what fraction of each claim's full value it can afford to pay everyone, and pays that fraction. As the fund is drawn down and the forecasts are updated, the percentage is adjusted, and Plibrico's has been reduced over the years, which is the ordinary mechanics of a finite trust managing itself to last, not a warning sign.
What it means for you is simple and worth stating plainly. On the higher Individual Review track, a mesothelioma claim can be valued above the scheduled figure, but whatever the value, only that small percentage is actually paid, so the Plibrico payment itself is measured in the low thousands of dollars. We still file it, because it's real money and it's owed. But we file it as one line in a larger recovery, which for a refractory or high-heat worker almost always runs across many trusts and defendants at once. The Plibrico claim is rarely the prize; it's one of the pieces, and the next sections are about the rest of them.
Is the Plibrico asbestos trust still able to pay?
Yes, with the understanding this whole page has been building toward: it pays reliably, but it pays small. Here's the picture from its most recent annual report.
- About $60 million on hand. At the end of 2025 the trust held roughly $60 million in net assets. It was funded with around $206 million back in 2006 and has drawn down to this level over nearly two decades of paying claims, which is the normal arc of a self-liquidating trust.
- Paying steadily, at a low percentage. The trust paid out around $8 million in claims in 2025, spread across thousands of claimants, which works out to the small per-claim payments the low percentage produces. It reviews and lowers that percentage as needed to keep the fund solvent for the decades of claims still ahead.
- Still open and accepting claims. The trust continues to take and pay claims, and a claim filed today is paid at the current percentage.
So the honest answer is that the Plibrico trust is solvent and dependable, but it's a modest, finite fund paying a fraction of each claim, which is exactly why we treat a Plibrico claim as one piece of a recovery rather than the recovery. For a refractory or high-heat worker, the larger recovery is almost always there to build. We track the annual reporting and can walk through the full financial picture with you when you call.
Plibrico trust annual reports
2025 annual report filed April 29, 2026
Plibrico ended 2025 with $59.81 million in net claimants’ equity, down $3.95 million from $63.76 million. Net investment income after advisory fees increased to $6.24 million, including $2.83 million of realized gains and $1.25 million of unrealized gains. Recognized claims costs were $8.07 million, administrative and professional expenses totaled approximately $1.28 million, and federal income tax expense was $846,920. Improved investment performance narrowed the annual decline despite higher claims costs.
Claims payable increased by $177,818, while operating activities used $8.18 million of cash. Net investment sales after purchases supplied $8.21 million, leaving cash and cash equivalents nearly unchanged at $1.25 million. The Trust therefore continued using its investment portfolio to fund distributions and other obligations. The financial statements report a payment percentage of 0.94% as of December 31, 2025; this is the historical rate reported for that year, separate from the dollar amount of claims recognized or paid.
Latest notice: Plibrico Payment Percentage Notice — 0.94% effective October 1, 2024, August 27, 2024. All of the trust’s notices
Who qualifies for a Plibrico trust claim
A trust claim rests on two things: a qualifying asbestos diagnosis, and proof that you were exposed to Plibrico asbestos during the period the trust covers. The diagnosis side is medical. The exposure side is where the trust's rules come in, and where most of our work happens.
The exposure has to fall before the end of 1982. The Plibrico trust pays on asbestos exposure from before December 31, 1982. The reasoning traces back to when the danger became widely known and warnings went up, and we lay out that full logic, along with your options if your exposure came later, in our guide to how asbestos trust claims work. Plibrico used asbestos into the 1970s, so most affected careers fall within the window.
For mesothelioma, you don't need heavy exposure. Mesothelioma can come from brief, limited exposure, and the trust recognizes that: a meso claim asks for credible exposure to Plibrico asbestos before the cutoff and doesn't have to clear the higher dose threshold that applies to the other diseases. That threshold, Significant Occupational Exposure (SOE), along with six months of exposure to Plibrico products, applies to lung cancer, the other cancers, and the more serious asbestosis claims. It counts work done near the dust, not only handling it yourself, so a pipefitter or laborer who worked alongside the refractory crews qualifies on the same footing.
Some trades are presumed to have had heavy exposure. The trust keeps a list of industry-and-occupation pairings that it treats as presumptively meeting that significant-exposure threshold, the high-heat trades where the exposure is well documented. If your work fits one of those pairings, that part of the proof is presumed rather than something you have to build from scratch, which we check against your history.
The trust pays milder disease too, at lower amounts. Plibrico has levels for milder asbestosis and pleural disease, paid at small set amounts. They're modest, but they can be worth filing alongside other claims.
Family members can qualify too. If a refractory or high-heat worker brought the dust home on his clothes, his hair, his car, a spouse who laundered the work clothes or a child in the household can file on the worker's exposure history. How take-home asbestos exposure works.
How the trust's site list and product identification work
The trust recognizes exposure two ways, and you only need one of them. The first is its approved site list: more than 1,300 worksites, the steel mills, foundries, glass plants, and powerhouses where Plibrico refractory was used, that the trust already accepts as places its asbestos was present. If you worked at a listed site in the covered period, that part is straightforward. The second is product identification: a sworn statement from you, an account from a coworker who remembers the refractory and furnace work, a family member's statement for someone who has passed, and employment records, invoices, and similar documents, any of which can establish that you worked around Plibrico's products even at a site the list never names.
But proving Plibrico refractory was at your worksite, by either door, isn't the same as being exposed to it, and a solid claim shows both. Plibrico's castables and cements released their fiber when the dry material was mixed, when it was installed, and above all when an old lining was torn out, so we use the exposure record on refractory products, together with your work history, to connect your tasks to exposure. Whether you did that work yourself or worked alongside the refractory crews, the list or the product puts Plibrico at your site; the task evidence is what ties it to you.
Not finding your site on the list is a reason to look closer, not to give up. You can also search our directory of asbestos exposure sites to see whether the place you worked is already documented.
How a Plibrico claim gets filed
A trust claim isn't a lawsuit, and that surprises people who expect a courtroom. There's no judge, no jury, no deposition, and no defense lawyer arguing the other side. You're submitting a documented claim to a fund that already exists to pay it, and the trust reviews it against its written rules and pays on its schedule.
What the claim needs is proof of your diagnosis and your exposure to Plibrico asbestos before the cutoff. Putting that together is our job. We gather the medical records, reconstruct the work history, document the exposure the way the trust's rules require, and, because the Plibrico payment is small, make sure it's filed as part of the larger set of claims your history supports rather than on its own. You don't need to have kept paperwork or remember product names to start.
The Plibrico trust has been paying claims since 2006 and is still accepting them, so the door is open. The fuller mechanics of how trust claims are prepared, filed, and paid are laid out in our guide to how asbestos trust claims work. When you call, we'll tell you what your specific claim is likely to involve and how the timeline tends to run.
A Plibrico claim is rarely the only one
For Plibrico this isn't just true, it's the heart of the matter, because the trust's small percentage means the value of your case lives almost entirely in the other claims your history supports.
Refractory never worked alone. It went into furnaces and boilers surrounded by asbestos insulation on the pipes and vessels, gaskets and packing in the valves and fittings, and the products of dozens of manufacturers, in steel mills, foundries, glass plants, and powerhouses that were full of asbestos from end to end. Many of those companies also went bankrupt and left their own asbestos trusts, several of them other refractory and insulation makers, and the same furnace-room and boiler-house work that exposed a worker to Plibrico exposed him to all of it. The career that supports your Plibrico claim usually supports claims against a whole set of those trusts, and because each one reviews and pays independently, the claims don't compete. They add up. How asbestos trust claims work.
This is why we never treat a Plibrico claim as the case. On its own it's a few thousand dollars. Built alongside the insulation makers' trusts, the other refractory makers' trusts, the lawsuits against companies still in business, and the premises claims against the plant owners, it becomes one line in a recovery that can be very substantial. We walk through a full worked example, several trusts totaled across one career, in our guide to mesothelioma trust settlement values. The full set of channels beyond the trusts is laid out next.
Sources of compensation beyond the Plibrico trust
A Plibrico claim almost always sits inside a larger recovery, and the channels run in parallel without canceling one another out. We file across all of them that apply.
- Asbestos bankruptcy trusts. Plibrico is one, and a small one, but the refractory, insulation, and equipment in a high-heat plant reach a whole set of larger trusts, including other insulation and refractory makers. They review and pay independently, so they stack, and this is where most of the trust recovery is. How asbestos trust claims work.
- Lawsuits against solvent manufacturers. Several makers of asbestos refractory, insulation, and related products are still in business and can be sued directly for making and selling a product they knew was dangerous, and a lawsuit can recover more than a trust claim, though it takes longer. How asbestos product liability lawsuits work.
- Premises liability against the site owners. The steel mills, foundries, glass plants, refineries, and power stations where the work was done can be held responsible for the asbestos conditions they allowed on their property, separate from the product makers. How premises liability claims work.
- Federal and disability benefits. Depending on the work, these can include Social Security disability for anyone whose illness stops them from working, VA disability for those who also served in the military, and FECA benefits for civilian federal-facility work, all paid in addition to the trust and lawsuit recovery. How asbestos disability and benefit claims work.
The defenses companies raise, and how we answer them
Your Plibrico trust claim has no defenses to answer. It's a paper claim: no opposing lawyer, no deposition, no courtroom, no one arguing the other side. Plibrico's asbestos liability was resolved when the trust was funded, and the trust either pays the claim or it doesn't, on its written rules.
Defenses only come up on the lawsuit side, the claims that run alongside the trust against the manufacturers still in business and the plant owners where you worked. Those defendants raise the same handful of arguments they raise in most asbestos cases, and none of them is new to us. The short version is that each one describes a cleaner, smaller version of the work than the one your loved one actually did, and the evidence answers it.
How we answer the defenses raised in Plibrico and refractory cases
"The asbestos was bound into the refractory, so it stayed put." Not while the work was being done, which is when the exposure happened. These products came as dry powder that had to be mixed on site, sending dust into the air before any of it was ever installed, and the heaviest exposure came at the other end, when an old, baked-hard lining was broken out and torn down to be replaced. Mixing and demolition are exactly when refractory releases its fiber, and that's the work these men did.
"The exposure to any one company's product was too small to have made a difference." These cases are built on documented exposure: the specific dusty tasks the work involved and the dose built up across a full career, which is what separates a real claim from a trivial one. The bankruptcy trusts pay on limited exposure by design, and in court we prove a meaningful contribution with that task and career evidence rather than any single-fiber theory.
"The asbestos in these products was chrysotile, the less dangerous kind." Chrysotile is a recognized cause of mesothelioma, with no safe level of exposure, and the dusty mixing-and-demolition work that refractory required generated heavy exposure regardless of fiber type. The established science answers this argument, and we put it on. We lay out the fiber detail on the product pages that own it.
Frequently asked questions
Why is the actual payment so much smaller than the $350,000 mesothelioma value?
Because the trust pays only a small percentage of each claim's value, currently under 1%, so that a fixed fund can treat everyone it owes equally across decades of future claims. The $350,000 is the trust's full valuation of a mesothelioma claim; the payment is that small percentage of it. It's not a sign of anything wrong, and it's the reason a Plibrico claim is always filed as one piece of a larger recovery.
If the payment is small, why file at all?
Because it's real money that's owed, and because it's almost never the only claim. The same work that exposed you to Plibrico exposed you to many other companies whose claims are larger, and we file them together. Skipping the Plibrico claim would mean leaving owed money on the table for no reason; the work to file it is folded into the work we're already doing on the rest.
My loved one has already passed away. Can we still file a claim?
Yes. Families regularly file after a death, both the trust claim and, depending on the state, a wrongful-death lawsuit alongside it. Some of those deadlines are short, so it's best to call promptly. We handle wrongful-death and estate claims as a matter of routine.
Can I file the trust claim and a lawsuit at the same time?
Yes, and most people do. The Plibrico trust claim and any lawsuits against still-solvent manufacturers or premises owners are separate matters on separate tracks, and pursuing one doesn't close off the other. Managing how they fit together when a final recovery is added up is part of our job.
What happens when I call?
A member of our litigation team, not a screener, takes the call, and the first conversation usually runs twenty to thirty minutes. We listen to the work history, explain which claims and channels may apply, and lay out the timeline for your situation. No one is pressured to sign anything on that call.
What does it cost to work with you?
Nothing up front, and nothing at all unless we recover for you. We work on a contingency fee, which means our fee comes only out of money we recover, and the case review and consultation are free.
Talk with an asbestos lawyer about a Plibrico claim
Whether you're a worker who was just diagnosed, or a spouse or adult child trying to find help for someone who's sick or who has passed, we're ready to talk. The Plibrico claim on its own is modest, but it's almost never on its own, and the larger recovery your work history supports can be substantial. You don't need product names or old records to start, and filing won't touch the company that's still in business. Tell us where you worked and when, and we'll build the whole picture, Plibrico and everything that belongs alongside it.
Related resources
Sources and references
This page describes the Plibrico 524(g) Asbestos Trust, its claim values, and the bankruptcy that created it. The trust's own governing documents are the source for its procedures and figures:
- Trust distribution procedures and disease values. The seven disease levels, their scheduled, average, and maximum values, the annual CPI-U adjustment (capped at 3%), and the exposure criteria are set by the trust's distribution procedures (Plibrico 524(g) Asbestos Trust Second Amended and Restated TDP, as amended).
- Payment percentage. The current payment percentage of 0.94% is set by the trust and reported in its financial statements.
- The bankruptcy and the trust's creation. Plibrico Company filed for Chapter 11 in 2002 in the U.S. Bankruptcy Court for the Northern District of Illinois (Case No. 02-09952); the trust was established in 2006 and funded with approximately $206 million, under Section 524(g) of the Bankruptcy Code, 11 U.S.C. § 524(g).
- Trust finances. The financial figures are taken from the trust's most recent special-purpose financial statements (year ended December 31, 2025).
The exposure measurements and the scientific record for asbestos refractory and insulating cement are documented on the product and occupation pages that own them. Other authorities relied on:
- Occupational exposure limits. OSHA's asbestos standard sets the current permissible exposure limit at 0.1 f/cc averaged over eight hours, with a short-term excursion limit of 1.0 f/cc over thirty minutes. 29 C.F.R. § 1910.1001.
- Carcinogenicity. The International Agency for Research on Cancer classifies all forms of asbestos, including chrysotile, as carcinogenic to humans (Group 1) and recognizes no safe threshold of exposure for mesothelioma. IARC Monographs, Vol. 100C.
This page is provided for general informational purposes and does not constitute legal advice. Every asbestos case turns on its own facts, exposure history, diagnosis, deadlines, available evidence, and applicable law. Reviewing this page does not create an attorney-client relationship. For advice about your specific situation, call 833-4-ASBESTOS for a free case review.
This page is provided for general informational purposes and does not constitute legal advice. Every asbestos case turns on its own facts, exposure history, diagnosis, deadlines, available evidence, and applicable law. Reviewing this page does not create an attorney-client relationship. For advice about your specific situation, call 833-4-ASBESTOS for a free case review.