NL Industries, Inc., in the first six months of 2009, recorded asbestos- and lead-related recoveries of US$2.7 million (US$1.8 million or US$0.04 per diluted share, net of income taxes), according to a Company press release dated Aug. 4, 2009.
Insurance recoveries…
American Financial Group, Inc.’s three year survival ratio, at June 30, 2009, was 10.7 times paid losses for asbestos reserves and 9.9 times paid losses for total asbestos and environmental reserves, according to a Company report, on Form 8-K, filed…
Quaker Chemical Corporation’s unnamed inactive subsidiary continues to be a defendant in numerous lawsuits alleging injury due to exposure to asbestos.
Acquired in 1978, this subsidiary sold certain products containing asbestos, primarily on an installed basis.
The subsidiary discontinued operations in 1991…
The Indiana Department of Environmental Management’s lawsuit against Art Hicks Jr., over Mr. Hicks’ failure to remove asbestos from the American Lawnmower factory site prior to demolition, is ongoing, the Star Press reports.
Mr. Hicks also allegedly failed to provide IDEM…
Gladstone Commercial Corporation, during the six months ended June 30, 2009, did not accrue any asbestos-related liability, according to the Company’s quarterly report filed with the Securities and Exchange Commission on July 30, 2009.
The Company has accrued a liability and…
Standard Motor Products, Inc.’s accrued asbestos liability was US$24,399,000 as of June 30, 2009, compared with US$23,758,000 as of Dec. 31, 2008, according to a Company press release dated Aug. 5, 2009.
The Company’s accrued asbestos liabilities were US$23,673,000 as of…
Chicago Bridge & Iron Company N.V., as of June 30, 2009, still faced 1,400 asbestos-related claims, according to the Company’s quarterly report filed with the Securities and Exchange Commission on July 29, 2009.
At March 31, 2009, the Company continued to…
Lorillard, Inc. says that, as of July 27, 2009, six asbestos- related Filter Cases are scheduled for trial, according to the Company’s quarterly report filed with the Securities and Exchange Commission on July 30, 2009.
As of April 27, 2009, eight…