198 articles for

August 2009

ASBESTOS LITIGATION: Odyssey Has $342.5M Losses, LAE at June 30

Odyssey Re Holdings Corp.’s asbestos-related gross unpaid losses and loss adjustment expenses were US$342,482,000 during the three and six months ended June 30, 2009, compared with US$332,927,000 during the three and six months ended June 30, 2008.

The Company’s gross unpaid…

ASBESTOS LITIGATION: Douglas Emmett Has Hazard in 23 Properties

Douglas Emmett, Inc. says that environmental site assessments and investigations have identified 23 properties in its portfolio containing asbestos.

The asbestos would have to be removed in compliance with applicable environmental regulations if these properties undergo major renovations or are demolished.

As…

ASBESTOS LITIGATION: California Water Still Faces Exposure Suits

California Water Service Group, from time to time, has been named as a co-defendant in several asbestos related lawsuits, according to the Company’s quarterly report filed with the Securities and Exchange Commission on Aug. 6, 2009.

The Company has been dismissed…

ASBESTOS LITIGATION: Tenneco Still Subject to Exposure Lawsuits

Tenneco Inc. continues to be subject to lawsuits initiated by claimants alleging health problems as a result of exposure to asbestos, according to the Company’s quarterly report filed with the Securities and Exchange Commission on Aug. 6, 2009.

A small percentage…

ASBESTOS LITIGATION: 26,219 Claims Pending v. Harsco at June 30

There are 26,219 pending asbestos personal injury claims filed against Harsco Corporation as of June 30, 2009, according to the Company’s quarterly report filed with the Securities and Exchange Commission on Aug. 6, 2009.

As of March 31, 2009, the Company…

ASBESTOS LITIGATION: Digital Realty Cites $1.5Mil ARO at June 30

Digital Realty Trust, Inc. recorded asbestos retirement obligations of US$1.5 million as of June 30, 2009 and Dec. 31, 2008.

The equivalent asset is recorded at US$1.3 million as of June 30, 2009 and Dec. 31, 2008, net of accumulated depreciation.

The…

ASBESTOS LITIGATION: Interstate Records $1.2M Settled Liability

Alliant Energy Corporation’s subsidiary, Interstate Power and Light, in the first half of 2009, recorded liabilities settled of US$1.2 million due to expenditures for asbestos and lead remediation at its Sixth Street and Prairie Creek Generating Stations required as a…

ASBESTOS LITIGATION: Dana Holding Faces 31,000 Claims at June 30

Dana Holding Corporation had about 31,000 active pending asbestos personal injury liability claims at June 30, 2009 and at Dec. 31, 2008.

In addition, about 15,000 mostly inactive claims have been settled and are awaiting final documentation and dismissal, with or…

ASBESTOS LITIGATION: Todd Shipyards Facing 557 Claims at June 28

Todd Shipyards Corporation is currently defending about 557 asbestos claims, of which 11 are “malignant” claims and 546 are “non-malignant” claims.

The Company is named as a defendant in civil actions by parties alleging damages from past exposure to toxic substances,…

ASBESTOS LITIGATION: Sunoco Inc. Still Subject to Exposure Suits

Sunoco, Inc. continues to be subject to legal and administrative proceedings over allegations of exposures of third parties to toxic substances like asbestos and benzene.

No further asbestos-related matters were disclosed in the Company’s latest quarterly report filed with the Securities…

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