227 articles for

August 2010

ASBESTOS UPDATE: Cleanup at Westover Elementary to Cost $30,000

The removal of asbestos at the former Westover Elementary School in Westover, Md., costs about US$30,000, Mesothelioma.com reports.

The asbestos was found within pre-engineered wall panels of the school. The wall panels were located in a section of the building that…

ASBESTOS UPDATE: 50,000 Claims Ongoing v. Crown Cork at June 30

Crown Holdings, Inc.’s subsidiary, Crown Cork & Seal Company, Inc., during the six months ended June 30, 2010, faced about 50,000 outstanding asbestos claims.

During the six months ended June 30, 2010, Crown Cork received about 1,100 new claims and settled…

ASBESTOS UPDATE: PREIT Records $10MM-$20MM for A&E Coverage

Pennsylvania Real Estate Investment Trust has insurance coverage for certain asbestos and environmental claims up to US$10 million per occurrence and up to US$20 million in the aggregate.

The Company is aware of certain environmental matters at some of its properties,…

ASBESTOS UPDATE: Sebelius, Baucus Criticized on Mont. Healthcare

Several residents rebuked Health Secretary Kathleen Sebelius and Sen. Max Baucus on Aug. 23, 2010 for a law that could help potentially thousands of asbestos victims in Libby, Mont., The Associated Press reports.

The health care reform law passed in 2009…

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: Albany Int’l. Has 7,343 Open Claims at July 23

Albany International Corp. was defending against 7,343 asbestos claims as of July 23, 2010, compared with 7,464 such claims as of April 29, 2010, and 7,809 claims as of Feb. 16, 2010.

The Company is a defendant in suits brought in…

ASBESTOS UPDATE: Noble Corp. Facing 39 Exposure Suits at June 30

Noble Corporation says that, at June 30, 2010, there were about 39 asbestos lawsuits in which it is one of many defendants.

The Company is, from time to time, a party to various lawsuits that are incidental to its operations in…

ASBESTOS UPDATE: Penn Millers’ June 30 A&E Liability at $2.3MM

Penn Millers Holding Corporation’s estimated liability for asbestos and environmental claims was US$2,301,000 at June 30, 2010 and US$2,397,000 at Dec. 31, 2009.

The Company’s estimated liability for A&E claims was US$2,318,000 at March 31, 2010. (Class Action Reporter, May 28,…

ASBESTOS UPDATE: Court Reverses Ruling in Marcel v. Continental

The Court of Appeal of Louisiana, Fourth Circuit, reversed the ruling of the Civil District Court, Orleans Parish, which granted the dismissal of the asbestos claims filed by the heirs of Henry Joseph Marcel.

The case is styled David B. Marcel,…

ASBESTOS UPDATE: AIG Records 4,996 Claims at June 30

American International Group, Inc. recorded 4,996 asbestos claims during the six months ended June 30, 2010, compared with 5,485 during the six months ended June 30, 2009.

The Company recorded 5,208 asbestos claims during the three months ended March 31, 2010,…

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