130 articles for

December 2009

ASBESTOS UPDATE: Old Republic Net Reserve at $138.7M at Sept. 30

Old Republic International Corporation’s net asbestos and environmental claim reserves were US$138.7 million at Sept. 30, 2009, compared with US$145 million at Dec. 31, 2008.

The Company’s gross A&E claim reserves were US$176.4 million at Sept. 30, 2009, compared with US$172.4…

ASBESTOS UPDATE: PREIT Records $10M for Coverage for A&E Claims

Pennsylvania Real Estate Investment Trust (PREIT) has insurance coverage for certain asbestos and environmental claims up to US$10 million per occurrence and up to US$10 million in the aggregate, according to the Company’s quarterly report filed with the Securities and…

ASBESTOS UPDATE: ACE Ltd.’s Net Reserves at $1.211Bil at June 30

ACE Limited’s net asbestos-related reserves were US$1.211 billion at June 30, 2009, compared with US$1.365 billion at Dec. 31, 2008.

The Company’s gross asbestos-related reserves were US$2.431 billion at June 30, 2009, compared with US$2.629 billion at Dec. 31, 2008.

The Company’s…

ASBESTOS UPDATE: CBL & Associates Cites $2.7M Cleanup Liability

CBL & Associates Properties, Inc. has recorded a liability of US$2.7 million related to potential future asbestos abatement activities at its Properties, according to the Company’s quarterly report filed with the Securities and Exchange Commission on Nov. 9, 2009.

CBL &…

ASBESTOS UPDATE: Ashland Faces 100,000 Injury Claims at Sept. 30

Ashland Inc. faced 100,000 asbestos personal injury claims during the year ended Sept. 30, 2009, compared with 115,000 during the year ended Sept. 30, 2008.

The Company faced 103,000 open asbestos claims during the nine months ended June 30, 2009, compared…

ASBESTOS UPDATE: Liggett Party to Two Third-Party Payor Actions

Vector Group Ltd.’s subsidiary, Liggett Group LLC, as of Sept. 30, 2009, is still party to two Third-Party Payor Actions, according to the Company’s latest quarterly report filed with the Securities and Exchange Commission.

Third-Party Payor Actions typically have been filed…

ASBESTOS UPDATE: Central Records $2.7M ARO Liability at Sept. 30

Southern Star Central Corp.’s subsidiary, Southern Star Central Gas Pipeline, Inc., at Sept. 30, 2009, recorded an asset retirement obligation (ARO) of US$2.7 million and its corresponding regulatory asset was US$2.4 million.

Central recorded an ARO for the remediation of asbestos…

ASBESTOS UPDATE: Sealed Air Corp. Still Involved in MPERS Action

Sealed Air Corporation continues to be involved in an asbestos- related class action lawsuit involving the Louisiana Municipal Police Employees Retirement System (MPERS).

On Sept. 15, 2003, the case of Senn v. Hickey, et al. (Case No. 03-CV-4372) was filed in…

ASBESTOS UPDATE: American Biltrite Liabilities Still at $13.56MM

American Biltrite Inc.’s long-term asbestos-related liabilities were at US$13,563,000 as of Sept. 30, 2009, the same as for the period ended Dec. 31, 2008, according to the Company’s quarterly report filed with the Securities and Exchange Commission on Nov. 13,…

ASBESTOS UPDATE: Mueller Water Units Still Face Exposure Actions

Certain of Mueller Water Products, Inc.’s subsidiaries continue to be defendants in asbestos-related lawsuits.

No other asbestos-related matters were disclosed in the Company’s annual report filed with the Securities and Exchange Commission on Nov. 24, 2009.

Mueller Water Products, Inc. manufactures and…

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