USG Corporation, in the first quarter of 2009, received final congressional Joint Committee on Taxation approval of a US$1.061 billion federal tax refund that the Company received in 2007.
Of this amount, US$1.057 billion resulted from tax deductions generated by payments…
CNA Financial Corporation says that several insurers’ appeal on the confirmation of A.P. Green’s plan of reorganization is still pending, according to the Company’s quarterly report filed with the Securities and Exchange Commission on May 4, 2009.
On Feb. 13, 2003,…
Inactive asbestos-related cases continue to be pending against CNA Financial Corporation subsidiaries in Texas courts.
About 80 lawsuits were filed in Texas beginning in 2002, against two CNA companies and numerous other insurers and non-insurer corporate defendants asserting liability for failing…
CNA Financial Corporation continues to be involved in insurance coverage litigation in New York State Court with a defendant class of underlying plaintiffs who have asbestos bodily injury claims against the former Robert A. Keasbey Company.
The action styled Continental Casualty…
A jury in McLean County, Ill., on April 30, 2009, awarded Juanita Rodarmel’s family more than US$2 million in damages over Mrs. Rodarmel’s exposure to asbestos, the Pantagraph reports.
Mrs. Rodarmel contracted mesothelioma after being exposed to asbestos when she laundered…
CNA Financial Corporation’s net asbestos reserves were US$1.151 billion at March 31, 2009, compared with US$1.202 billion at Dec. 31, 2008, according to the Company’s quarterly report filed with the Securities and Exchange Commission on May 4, 2009.
There was no…
CNA Financial Corporation recorded 1,283 pending asbestos accounts at March 31, 2009, compared with 1,302 accounts at Dec. 31, 2008.
At March 31, 2009, the Company had 59 accounts with settlement agreements, 240 large asbestos accounts, and 984 small asbestos accounts.…
CNA Financial Corporation says that a confirmation hearing on W. R. Grace & Co.’s Plan of Reorganization is currently scheduled to begin in June 2009.
On March 22, 2002, a direct action was filed in Montana by eight individual plaintiffs (all…
Caterpillar Inc. continues to be subject to unresolved legal actions, including asbestos-related, that arise in the normal course of business.
The most prevalent of these unresolved actions involve disputes related to product design, manufacture and performance liability (including claimed asbestos and…
CNA Financial Corporation says that Burns & Roe Enterprises,
Inc.’s Fourth Amended Plan of Reorganization was confirmed on
Feb. 23, 2009.
The Company has insurance coverage disputes related to asbestos
bodily injury claims against Burns & Roe, a bankrupt insured.
These disputes are currently part…