May 29, 2009

ASBESTOS LITIGATION: Grace Has $923M Excess Coverage at March 31

COMPANIES: W.R. Grace & Co
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W. R. Grace & Co., as of March 31, 2009, recorded about US$923 million in remaining asbestos excess coverage from 53 presently solvent insurers.

The Company estimates that eligible claims would have to exceed US$4 billion to access total coverage.

The Company…

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TOPICS: Asbestos | Building, Industrial Materials | Chemicals/Petrochemicals/Plastics | General News | Legal Issues, Litigation
LOCATIONS: Maryland | United States