195 articles for

April 2009

ASBESTOS LITIGATION: FutureFuel Unit Subject to Exposure Actions

FutureFuel Corp.’s subsidiary, FutureFuel Chemical Company, and its operations may be parties to, or targets of, lawsuits, claims, investigations and proceedings, including asbestos.

No other asbestos-related matters were disclosed in the Company’s annual report filed with the Securities and Exchange Commission…

ASBESTOS LITIGATION: 8 Cases Filed From March 23-27 in Madison

During the week of March 23, 2009 through March 27, 2009, eight new asbestos-related lawsuits were filed in Madison County Circuit Court, Ill., The Madison St. Clair Record reports.

These lawsuits are:

(Case No. 09-L-307) Richard L. and Loretta Bell of Texas…

ASBESTOS LITIGATION: Actions v. EnPro Drop to 104,100 at Dec. 31

EnPro Industries, Inc., at Dec. 31, 2008, faced 104,100 open asbestos-related cases, of which it was aware of about 4,600 cases involve claimants alleging mesothelioma.

At Sept. 30, 2008, the Company faced about 105,100 open asbestos-related cases. (Class Action Reporter, Nov.…

ASBESTOS LITIGATION: Katy Ind. Faces 10 Ala. Cases w/ 324 Claims

Katy Industries, Inc. is a defendant in 10 asbestos lawsuits filed in state court in Alabama by 324 individual plaintiffs, according to the Company’s annual report filed with the Securities and Exchange Commission on March 31, 2009.

There are over 100…

ASBESTOS LITIGATION: Chubb, Units Facing Litigation in 3 States

The Chubb Corporation, its subsidiary, Chubb Indemnity Insurance Company, and various other subsidiaries are parties to asbestos insurance litigation pending in Texas, Ohio, and California courts.

Beginning in December 2002, Chubb Indemnity was named in a series of actions commenced by…

ASBESTOS LITIGATION: General Re Reserves $1.8B for Claims in ‘08

Berkshire Hathaway Inc.’s subsidiary, General Re Corporation, had unpaid mass tort reserves of about US$1.8 billion gross (US$1.2 billion net of reinsurance) at Dec. 31, 2008 for unpaid mass tort reserves.

Those reserves were about US$1.8 billion gross and US$1.2 billion…

ASBESTOS LITIGATION: GenCorp Cites 138 Pending Cases at Feb. 28

GenCorp Inc. faced 138 asbestos-related cases pending as of Feb. 28, 2009, compared with 157 cases as of Nov. 30, 2008, according to the Company’s quarterly report filed with the Securities and Exchange Commission on March 27, 2009.

The Company has…

ASBESTOS LITIGATION: BHRG Reserves $9.2B for A&E Losses in 2008

The Berkshire Hathaway Reinsurance Group’s (BHRG) reserves for environmental, asbestos, and latent injury losses and loss adjustments expenses were US$9.2 billion at Dec. 31, 2008 and US$9.7 billion at Dec. 31, 2007.

BHRG is a Berkshire Hathaway Inc. subsidiary.

Losses paid in…

ASBESTOS LITIGATION: Ladish Co. Has Pending Claims in Ill., Wis.

Ladish Co., Inc., as of Dec. 31, 2008, had two asbestos claims remaining in Illinois and one in Wisconsin, according to the Company’s annual report filed with the Securities and Exchange Commission on March 4, 2009.

The Company has been named…

ASBESTOS LITIGATION: Garlock Records $307.4M Coverage at Dec. 31

EnPro Industries, Inc.’s subsidiary, Garlock Sealing Technologies LLC, at Dec. 31, 2008, had available US$307.4 million of insurance and trust coverage that the Company said it believes will be available to cover current and future asbestos claims and certain expense…

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