ASBESTOS UPDATE: Bendix Has 21,359 Unresolved Claims at June 30

Honeywell International Inc.’s Bendix friction material business faced 21,359 unresolved asbestos claims during the six months ended June 30, 2010, compared with 19,940 unresolved claims during the year ended Dec. 31, 2009.

Bendix faced 20,900 unresolved asbestos claims during the three…

ASBESTOS UPDATE: Honeywell’s Liabilities at $1.543BB at June 30

Honeywell International Inc.’s long-term asbestos-related liabilities were US$1.543 billion as of June 30, 2010, compared with US$1.040 billion as of Dec. 31, 2009, according to a Company report, on Form 8-K, filed with the Securities and Exchange Commission on July…

ASBESTOS UPDATE: Honeywell Has $816M NARCO Receivable at June 30

Honeywell International Inc.’s consolidated financial statements reflect an insurance receivable corresponding to the liability for settlement of pending and future NARCO-related asbestos claims of US$816 million as of June 30, 2010 and US$831 million as of Dec. 31, 2009.

The Company…

ASBESTOS UPDATE: NARCO, Bendix Liabilities at $1.706B at June 30

Honeywell International Inc. recorded total asbestos liabilities of US$1.706 billion as of June 30, 2010, compared with US$1.694 billion as of Dec. 31, 2009.

Of the US$1.706 billion as of June 30, 2010, about US$579 million related to the Company’s Bendix…

ASBESTOS UPDATE: Honeywell Has $200M NARCO Receivable at June 30

Honeywell International Inc. says that about US$200 million of unsettled asbestos coverage under certain policies is included in its North American Refractories Company (NARCO)-related insurance receivable at June 30, 2010.

In the second quarter of 2006, Travelers Casualty and Insurance Company…

ASBESTOS UPDATE: Foster Wheeler’s Bid in Crowder Lawsuit Denied

The U.S. District Court, Southern District of Indiana, Terre Haute Division, denied Foster Wheeler LLC’s motion to strike and dismiss Paragraph 27 of Dennis and Suzanne Crowder’s asbestos- related complaint.

The case is styled Dennis Crowder and Suzanne Crowder, Plaintiffs v.…

ASBESTOS LITIGATION: Honeywell Litigation Charges at $37M in 2Q

Honeywell International Inc.’s asbestos-related litigation charges, net of insurance, were US$37 million during the three months ended June 30, 2009, compared with US$34 million during the three months ended June 30, 2008.

The Company’s asbestos-related litigation charges, net of insurance, amounted…

ASBESTOS LITIGATION: Smith Lawsuit v. 10 Companies Filed July 24

Robert and Betty Smith, on July 24, 2009, filed an asbestos lawsuit against 10 defendant corporations in Jefferson County District Court, Tex., The Southeast Texas Record reports.

The lawsuit alleges the Smiths claim Mr. Smith developed an asbestos-related disease during the…

ASBESTOS LTIIGATION: Honeywell’s NARCO Receivable Still at $873M

Honeywell International Inc.’s asbestos insurance receivable for its former North American Refractories Company (NARCO) subsidiary was US$873 million as of June 30, 2009, compared with US$877 million as of Dec. 31, 2008.

The Company’s consolidated financial statements reflected an insurance receivable…

ASBESTOS LITIGATION: Bendix, NARCO June 30 Liability at $1.728B

Honeywell International Inc.’s asbestos liabilities for its Bendix friction materials business and its former North American Refractories Company (NARCO) unit were US$1.728 billion as of June 30, 2009.

Of this amount during the six months ended June 30, 2009, US$596 million…

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