The Claims Processing Facility, Inc. (CPF) provides asbestos claim processing services to Bondex Asbestos Personal Injury Trust (Bondex Trust) and its sub fund NMBFiL Asbestos Personal Injury Trust, Eagle-Picher Industries Personal Injury Settlement Trust (EPI Trust), Keene Creditors Trust (Keene Trust), Raytech Corporation Asbestos Personal Injury Settlement Trust (Raytech Trust), and United Gilsonite Laboratories Asbestos Personal Injury Trust (UGL Trust)(collectively, "The Trusts”). The CPF’s services to its Trusts include: claim input, claim review, claim valuation, statutes of limitation administration, filing fee administration, negotiations, release administration, claim payments, trust administration and Alternative Dispute Resolution (ADR) processing. The CPF’s management works directly with the Trusts’ Executive Directors and Trusts’ Board of Trustees to develop and implement the administrative and operational policies and procedures for the processing of the individual trust claims within the parameters of each Trust’s Distribution Resolution Procedures (TDP). The CPF is managed by an executive team with extensive financial, managerial and claims processing experience. The CPF’s adaptable and flexible business model and technology, coupled with its team of highly qualified and experienced staff, enables it to meet the needs and challenges of the asbestos personal injury Trust clients and their beneficiaries.
The primary mission of the CPF is to provide a high quality and low cost claim processing solution to 524(g) Trusts it services. CPF's staff helped pioneer this developing field and remain at its forefront with innovative solutions, efficient processing methods, and responsiveness to the claimants’ community. CPF’s adaptable and flexible business model, coupled with an integrated team of highly qualified and experienced staff, enables it to meet the ever evolving needs and challenges of its current and potential new Trusts.
CPF Operating Strengths
CPF has extensive experience with all aspects of claim processing, but one of our key strengths is the ability to rapidly assimilate other trusts and quickly begin processing large numbers of claims, and then sustain that processing volume with uncompromising quality at a reasonable cost. This strength is the byproduct of processing over one million claims for the 524(g) Trusts over the past 25 years, using cost effective systems, controls, and claim processing methods. Our staff is highly skilled in analyzing medical and exposure information and in applying member specific validation criteria. Claim input and processing data are also subjected to rigorous quality audits to maintain the high standards mandated by each Trust.