ASBESTOS UPDATE: Fireman’s Fund Increases A&E Reserves by $301MM

Fireman’s Fund Insurance Co., in a three-sentence statement last July 9, 2010, said it will “increase its reserves for asbestos and environmental risks on a stand-alone statutory basis by US$301 million,” the San Francisco Business Times reports.

The Novato, Calif.-based property-casualty…

ASBESTOS UPDATE: Court OKs Fireman’s Fund Summary Judgment Bid

The U.S. District Court, Western District of Washington, at Seattle, granted Fireman’s Fund Insurance Company’s motion for summary judgment in an asbestos case involving Weyerhaeuser Company.

U.S. District Judge Athomas S. Zilly entered judgment in Case No. C08-1037Z on Aug. 10,…

ASBESTOS LITIGATION: Movants’ Bid Denied in Burns and Roe Action

The U.S. District Court, District of New Jersey, denied motions filed by Fireman’s Fund Insurance Company (FFIC) and The American Insurance Company in the case styled In re Burns and Roe Enterprises, Inc. et al., Debtors.

Chief Judge Garrett E. Brown…

ASBESTOS LITIGATION: Court OKs Partial Dismissal in Watts Action

The Superior Court of Massachusetts, Suffolk County, allowed defendants’ Motion to Dismiss Count IV of Plaintiffs’ Amended Complaint, in the case styled Watts Water Technologies, Inc. & Watts Regulator Company v. Fireman’s Fund Insurance Company & others (Travelers Indemnity Company,…