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10 May 2001

Asbestos campaigners welcome compensation deal

Collapse of Iron Trades / Chester Street Insurance

Thompsons Solicitors today welcomed the announcement that asbestos victims and their families effected by the collapse of Iron Trades / Chester Street Insurance earlier this year would be paid at least 90% of their entitlement to compensation.

The Government is to set up a Financial Services Compensation Scheme (FSCS) which will be funded by the insurance industry. The FSCS will pay 90% of the value of claims which would otherwise not have been met.

Ian McFall, Head of the National Asbestos Team at Thompsons Solicitors today said: "We made our view that there was a legal and moral obligation to pay very clear to Government and the insurance industry".

"The pressure has paid off and the concession that at least 90% of the awards will be paid is welcome. However our campaign will continue on behalf of the thousands of innocent asbestos victims and their widows nationwide who should not be shortchanged by even 10% for what is an insurance industry failing. The insurance industry is quite happy to take premiums, they must now pay out in full."

Compensation Claim Advice

If you or someone you know has developed an asbestos related disease, telephone us now for accurate claim advice.

There are strict time limits in place to make any personal injury claim. For further information, contact us or visit our Questions Answered page.

Thompsons Solicitors are experts in all personal injury matters. We will be able to advise you whether or not you have a valid claim for compensation. Our specialist personal injury lawyers will be happy to talk you through the process of making a claim in plain English and will be happy to answer any questions or queries you may have. If you do have a valid personal injury compensation claim and you decide to instruct Thompsons Solicitors to deal with the matter for you, we will recover our legal fees from the person responsible for your injury, ensuring that the entire procedure is cost-free for you. Telephone us now on 08000 224 224 or complete one of our online personal injury compensation claim forms.