Union Carbide Corporation faced 75,706 unresolved asbestos- related claims at Dec. 31, 2008, compared with 90,322 claims at Dec. 31, 2007, according to the Company’s annual report filed with the Securities and Exchange Commission on Feb. 20, 2009.
The Company faced…
Union Carbide Corporation’s asbestos-related comprehensive insurance coverage case is ongoing in the Supreme Court of the State of New York, County of New York.
In September 2003, the Company filed the case seeking to confirm its rights to insurance for various…
Union Carbide Corporation’s receivable for insurance recoveries related to its asbestos liability was US$403 million at Dec. 31, 2008 and US$467 million at Dec. 31, 2007, according to the Company’s annual report filed with the Securities and Exchange Commission on…
Union Carbide Corporation and Amchem Products, Inc.’s asbestos- related defense costs were US$60 million at Dec. 31, 2008, compared with US$84 million at Dec. 31, 2007.
Amchem is a former Company subsidiary.
The Company’s asbestos-related resolution costs were US$116 million at Dec.…