What is the average settlement for an asbestos-related lawsuit?

The average settlement for an asbestos-related lawsuit in Texas can vary depending on the situation and facts of the case. Generally speaking, the amount of compensation an individual may receive from an asbestos-related lawsuit depends on a variety of factors, including the severity of the illness, the amount of economic loss, the type of exposure, and the roles and liabilities of each party involved. In Texas, the average settlement amount for asbestos-related lawsuits is between $1 million and $2 million. However, some settlements can be much higher. For instance, in 2019, a jury awarded a Texas man and his wife $18 million in damages in an asbestos-related lawsuit. This amount included $17 million in punitive damages and $1 million in actual damages. In some cases, an asbestos-related settlement may also include future medical costs arising from asbestos-related illnesses. This can be particularly important for those with mesothelioma, an aggressive form of cancer caused by exposure to asbestos. In many mesothelioma cases, these settlements can amount to millions of dollars. Ultimately, the amount of compensation an individual can receive from an asbestos-related lawsuit depends on the details of each case. That being said, the average settlement amount for asbestos-related lawsuits in Texas is typically between $1 million and $2 million.

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What is the average settlement for an asbestos-related lawsuit?

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