111 articles for

November 2009

ASBESTOS UPDATE: Parker Drilling, Units Still Facing Miss. Cases

Parker Drilling Company and certain of its subsidiaries are still defendants in asbestos-related lawsuits filed in the Circuit Courts of the State of Mississippi.

In August 2004, the Company was notified that certain of its subsidiaries have been named, along with…

ASBESTOS UPDATE: Marlborough Plumber’s Death Linked to Exposure

An inquest at the Trowbridge Town Hall heard that the death of 72-year-old plumber, John Middleton, was linked to workplace exposure to asbestos, ContractorsCompare.com reports.

ThisisWiltshire.co.uk reported that Mr. Middleton died in August 2009 after being diagnosed with mesothelioma. At the…

ASBESTOS UPDATE: Garlock Records $252.7Mil Coverage at Sept. 30

EnPro Industries, Inc.’s subsidiary, Garlock Sealing Technologies LLC, at Sept. 30, 2009, had available US$252.7 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…

ASBESTOS UPDATE: Newark Worker’s Death Linked to Hazard Exposure

An inquest heard that the death of 62-year-old Anthony Stone, a construction worker from Newark, Nottinghamshire, England, was linked to workplace exposure to asbestos, the Evening Post reports.

Mr. Stone, from Gainsborough Road, Langford, near Newark, died at home on Nov.…

ASBESTOS UPDATE: Albany Int’l. Still Named in Mt. Vernon Actions

Albany International Corp., in some asbestos cases, is named both as a direct defendant and as the “successor in interest” to Mount Vernon Mills.

The Company acquired certain assets from Mount Vernon in 1993. Certain plaintiffs allege injury caused by asbestos-containing…

ASBESTOS UPDATE: AIHL Records $19.1M Gross Reserves at Sept. 30

Alleghany Corporation says its subsidiary, Alleghany Insurance Holdings LLC, had gross asbestos and environmental reserves of US$19.1 million at Sept. 30, 2009, compared with US$20.4 million at Dec. 31, 2008.

AIHL had net A&E reserves of US$19 million at Sept. 30,…

ASBESTOS UPDATE: Grace Cites $52.2M Libby Liability at Sept. 30

W. R. Grace & Co.’s total estimated liability for asbestos remediation related to its former vermiculite operations in Libby, Mont., including the cost of remediation at vermiculite processing sites outside of Libby, was US$52.2 million at Sept. 30, 2009 and…

ASBESTOS UPDATE: VWR Funding Still Subject to Liability Lawsuits

VWR Funding, Inc. continues to be involved in litigation resulting from the alleged prior distribution of products containing asbestos by certain of the Company’s predecessors or acquired companies.

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

ASBESTOS UPDATE: Grace Records $923M Excess Coverage at Sept. 30

W. R. Grace & Co. says that, as of Sept. 30, 2009, there remains about US$923 million of excess coverage from 53 presently solvent insurers.

The Company holds insurance policies that provide coverage for 1962 to 1985 with respect to asbestos-related…

ASBESTOS UPDATE: Digital Realty Accrues $1.5Mil ARO at Sept. 30

Digital Realty Trust, Inc. says that, as of Sept. 30, 2009 and Dec. 31, 2008, the amount included in accounts payable and other accrued liabilities on its balance sheets was US$1.5 million, and the equivalent asset is recorded at US$1.3…

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