Rapid-American Corporation Asbestos Trust
Rapid-American Trust was established in 2013 to compensate victims of asbestos exposure from Rapid-American Corporation (Philip Carey Manufacturing) products. The trust currently pays 4.8% of scheduled values, with average mesothelioma payouts of $28,000–$42,000.
Last verified: 2026-03-09Payment percentages are subject to change and are adjusted periodically by trust administrators. Average payout ranges are estimates based on publicly available trust reports. Filing deadlines and eligibility requirements may change. Consult an asbestos attorney for current information specific to your case.
- Company
- Rapid-American Corporation (Philip Carey Manufacturing)
- Established
- 2013
- Total Assets
- $450 million+
- Payment Percentage
- 4.8%
- Avg. Meso Payout
- $28,000–$42,000
- Status
- Active
- Filing Deadline
- No fixed deadline — ongoing acceptance
Overview
The Rapid-American Trust compensates victims exposed to asbestos products manufactured by Philip Carey Manufacturing Company and other Rapid-American subsidiaries. Philip Carey was a major manufacturer of asbestos insulation, roofing, and construction products.
History & Background
Rapid-American Corporation was a conglomerate that owned Philip Carey Manufacturing Company, one of the oldest and largest manufacturers of asbestos products in the United States. Philip Carey produced magnesia pipe insulation, asbestos roofing materials, and asbestos-cement products from the late 1800s through the 1970s. The company's asbestos products were used throughout the construction and insulation industries.
Eligibility Requirements
To file a claim with the Rapid-American Trust, you must meet the following criteria:
- Exposure to asbestos products manufactured by Philip Carey or Rapid-American subsidiaries
- Medical diagnosis of an asbestos-related disease
- Evidence of product exposure
How to File a Claim
The filing process for the Rapid-American Trust involves the following steps:
- Document exposure to Philip Carey or Rapid-American products
- Submit claim with medical records and exposure evidence
- Trust reviews and assigns disease category
- Payment issued at current payment percentage
Most claimants work with an experienced mesothelioma attorney who handles the entire filing process, including gathering evidence, preparing documentation, and communicating with the trust on their behalf.
Filing requirements, deadlines, and procedures are subject to change at the discretion of trust administrators. This information is provided for general educational purposes only and does not constitute legal advice. An experienced asbestos attorney can provide guidance specific to your situation and ensure your claim is filed correctly.
Need Help Filing a Rapid-American Trust Claim?
Filing an asbestos trust fund claim involves complex documentation and strict deadlines. An experienced mesothelioma attorney can handle the entire process and help maximize your compensation.
Diseases Covered
The Rapid-American Trust accepts claims for the following asbestos-related conditions:
Mesothelioma claims receive the highest scheduled values and are typically processed through expedited review.
Industries & Products Affected
Industries
Workers in the following industries may have been exposed to Rapid-American Corporation (Philip Carey Manufacturing) asbestos products:
Products
The following asbestos-containing products were manufactured by Rapid-American Corporation (Philip Carey Manufacturing):
Related Exposure Sites
Workers at these facilities may have been exposed to products from Rapid-American Corporation (Philip Carey Manufacturing).
Frequently Asked Questions
What was Philip Carey Manufacturing?
Philip Carey was a major asbestos product manufacturer owned by Rapid-American Corporation. The company made magnesia insulation, roofing materials, and asbestos-cement products used in construction.
How much does the Rapid-American Trust pay?
The trust pays approximately 4.8% of scheduled values. Mesothelioma claims typically receive $28,000 to $42,000.
Information verified: March 9, 2026
Sources:
- Rapid-American Corporation Asbestos Trust — accessed March 9, 2026
Get Help with Your Rapid-American Trust Claim
Our experienced mesothelioma attorneys have helped thousands of patients and families file asbestos trust fund claims. We will evaluate your exposure to Rapid-American Corporation (Philip Carey Manufacturing) products, determine your eligibility, and handle the entire claims process. There is no cost, no pressure, and no obligation.
Or call us 24/7: 1-800-400-1805