ASBESTOS LITIGATION: Court OKs Aurora Pump Summary Judgment Bid

The Superior Court of Connecticut granted summary judgment in favor of Aurora Pump Company, in an asbestos case filed by Dorothy Drucker on behalf of her husband, Paul Drucker.

The case is styled Paul Drucker et al v. A.W. Chesterton Co.…

ASBESTOS LITIGATION: Odyssey Has $342.5M Losses, LAE at June 30

Odyssey Re Holdings Corp.’s asbestos-related gross unpaid losses and loss adjustment expenses were US$342,482,000 during the three and six months ended June 30, 2009, compared with US$332,927,000 during the three and six months ended June 30, 2008.

The Company’s gross unpaid…

ASBESTOS LITIGATION: Crane Co. to Pursue Appeal in Baccus Claim

Crane Co. says that it intends to pursue all available rights to appeal an asbestos verdict in favor of James Baccus, according to a Company report, on Form 8-K, filed with the Securities and Exchange Commission on July 28, 2009.

On…

ASBESTOS LITIGATION: Hartford Cites $1.997B Liability at June 30

The Hartford Financial Services Group, Inc.’s net asbestos liability was US$1.997 billion during the three and six months ended June 30, 2009, according to a Company report, on Form 8-K, filed with the Securities and Exchange Commission on July 29,…

ASBESTOS LITIGATION: Deal Signed w/ Employers Mutual on April 21

Crane Co. and Employers Mutual Casualty Company, by and through its managing general agent and attorney-in-fact Mutual Marine Office, Inc., entered into an asbestos-related “coverage-in- place” agreement on April 21, 2009.

Prior to 2005, a significant portion of the Company’s settlement…

ASBESTOS LITIGATION: Motion for Remand in GE, BP Lawsuit Denied

The U.S. District Court, District of Connecticut, denied plaintiffs’ Motion to Remand an asbestos case filed against Buffalo Pumps, Inc. (BP) and General Electric Company (GE).

The case is styled Beverly Murphy, et al., Plaintiffs v. General Electric Company, et al.,…

ASBESTOS LITIGATION: Crane Incurs $59.3M for Settlement, Defense

The gross settlement and defense costs incurred (before insurance recoveries and tax effects) for Crane Co. were US$59.3 million during the six-month period ended June 30, 2009, compared with US$43.4 million during the six-month period ended June 30, 2008.

The gross…

ASBESTOS LITIGATION: Crane Co.’s Liability at $791Mil at June 30

Crane Co.’s long-term asbestos liability was US$791,187,000 as of June 30, 2009, compared with US$839,496,000 as of Dec. 31, 2008, according to a Company report, on Form 8-K, filed with the Securities and Exchange Commission on July 28, 2009.

Current asbestos…

ASBESTOS LITIGATION: Crane Co. Pursuing Appeal in Brewer Action

Crane Co. is pursuing an appeal over the verdict in the asbestos case of Chief Brewer, according to a Company report, on Form 8- K, filed with the Securities and Exchange Commission on July 28, 2009.

On May 16, 2008, the…

ASBESTOS LITIGATION: Conn. Court Upholds Ruling in Singh’s Claim

The Appellate Court of Connecticut affirmed the ruling of the Superior Court, Judicial District of Hartford, which favored the City of Hartford, Conn., in a case involving asbestos filed by Harbajan Singh.

The case is styled Harbajan Singh v. City of…

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