CNA Financial Corporation announced on Aug. 31, 2010 the completion of the previously disclosed transfer of legacy asbestos and environmental pollution liabilities to National Indemnity Company, a subsidiary of Berkshire Hathaway Inc., according to a Company press release dated Aug.…
CNA Financial Corporation continues to be party to litigation involving W. R. Grace & Co. styled Pennock, et al. v. Maryland Casualty, et al., filed in the First Judicial District Court of Lewis & Clark County, Mont.
In March 2002, the…
CNA Financial Corporation says that no date has been set for rehearing over asbestos litigation involving A.P. Green Industries, A.P. Green Services and Bigelow-Liptak Corporation.
In February 2003, the Company said it had resolved asbestos- related coverage litigation and claims involving…
CNA Financial Corporation’s net asbestos reserves amounted to US$1.062 billion during the six months ended June 30, 2010, compared with US$1.113 billion during the six months ended June 30, 2009.
The Company’s net asbestos reserves amounted to US$1.096 billion during the…
CNA Financial Corporation announced on July 15, 2010 that its subsidiary, Continental Casualty Company, has agreed with National Indemnity Company (NICO), under which the CNA companies’ legacy asbestos and environmental pollution liabilities will be transferred to NICO, according to a…
CNA Financial Corporation says that several insurers’ appeal on the confirmation of A.P. Green’s plan of reorganization is still pending, according to the Company’s quarterly report filed with the Securities and Exchange Commission on May 4, 2009.
On Feb. 13, 2003,…
Inactive asbestos-related cases continue to be pending against CNA Financial Corporation subsidiaries in Texas courts.
About 80 lawsuits were filed in Texas beginning in 2002, against two CNA companies and numerous other insurers and non-insurer corporate defendants asserting liability for failing…
CNA Financial Corporation continues to be involved in insurance coverage litigation in New York State Court with a defendant class of underlying plaintiffs who have asbestos bodily injury claims against the former Robert A. Keasbey Company.
The action styled Continental Casualty…
CNA Financial Corporation’s net asbestos reserves were US$1.151 billion at March 31, 2009, compared with US$1.202 billion at Dec. 31, 2008, according to the Company’s quarterly report filed with the Securities and Exchange Commission on May 4, 2009.
There was no…
CNA Financial Corporation recorded 1,283 pending asbestos accounts at March 31, 2009, compared with 1,302 accounts at Dec. 31, 2008.
At March 31, 2009, the Company had 59 accounts with settlement agreements, 240 large asbestos accounts, and 984 small asbestos accounts.…