Entrx Corporation says the minimum probable insurance coverage available to satisfy asbestos injury claims exceeds its estimated future liability for those claims of US$39,812,500 as of Sept. 30, 2009 and US$45,250,000 as of Dec. 31, 2008.
Although defense costs are included…
Entrx Corporation’s subsidiary, Metalclad Insulation Corporation, continues to be involved in asbestos insurance coverage litigation filed by ACE Property & Casualty Company, Central National Insurance Company of Omaha, and Industrial Underwriters Insurance Company.
On Feb. 23, 2005, ACE, Central National, and…
Entrx Corporation’s current reserve for asbestos liability claims was US$6,575,000 as of Sept. 30, 2009, compared with US$7,250,000 as of Dec. 31, 2008, according to the Company’s quarterly report filed with the Securities and Exchange Commission on Nov. 12, 2009.
The…
Entrx Corporation faced 261 pending asbestos cases as of Sept. 30, 2009, compared with 271 cases as of Dec. 31, 2008, according to the Company’s quarterly report filed with the Securities and Exchange Commission on Nov. 12, 2009.
Before 1975, the…
Entrx Corporation’s subsidiary, Metalclad Insulation Corporation, continues to be party to insurance litigation filed by ACE Property & Casualty Company, Central National Insurance Company of Omaha and Industrial Underwriters Insurance Company.
On Feb. 23, 2005 ACE, Central National, and Industrial, which…
Entrx Corporation’s current reserve for asbestos liability claims was US$7,025,000 as of March 31, 2009, compared with US$7,250,000 as of Dec. 31, 2008, according to the Company’s quarterly report filed with the Securities and Exchange Commission on May 13, 2009.
The…
Entrx Corporation, at March 31, 2009, has accrued US$375,000 as a potential loss in connection with a matter concerning Allstate Insurance Company.
In June 2004, the Company and its subsidiary, Metalclad Insulation Corporation, entered into a Settlement Agreement and Full Policy…
Entrx Corporation had 271 pending asbestos cases as of March 31, 2009, compared with 288 pending cases as of Dec. 31, 2008, according to the Company’s quarterly report filed with the Securities and Exchange Commission on May 13, 2009.
During the…
Entrx Corporation recorded an asbestos insurance coverage receivable of US$43,437,500 as an asset on its balance sheets as of March 31, 2009, compared with US$45,250,000 as of Dec. 31, 2008.
Although defense costs are included in its insurance coverage, the Company…
Entrx Corporation included US$45,250,000 of asbestos insurance coverage receivable as an asset on its Dec. 31, 2008 balance sheets and US$36 million on its Dec. 31, 2007 balance sheets.
The Company estimates that there will be 877 asbestos-related injury claims made…