The Massachusetts Department of Environmental Protection (MassDEP) levied a US$16,700 penalty against Environmental Restoration Services Corporation of Lawrence, Mass., for violating state asbestos regulations during a job in Westfield, according to a MassDEP press release dated Oct. 13, 2009.
MassDEP’s action…
The 66-year-old Joseph L. Vasapollo Jr. pleaded not guilty to asbestos-related extortion and bribery charges filed against him, The Boston Globe reports.
On Sept. 11, 2009, the Federal Bureau of Investigation arrested Mr. Vasapollo, the superintendent of Brockton, Mass.’s Building Department,…
American Biltrite Inc.’s long-term asbestos-related liabilities remain at US$13,563,000 as of June 30, 2009, according to the Company’s latest quarterly report filed with the Securities and Exchange Commission.
The Company’s long-term asbestos-related liabilities were US$13,563,000 as of March 31, 2009, the…
Cabot Corporation continues to be involved in cases, including asbestos-related, in connection with a safety respiratory products business that a subsidiary acquired from American Optical Corporation (AO) in an April 1990 asset purchase transaction.
The subsidiary manufactured respirators under the AO…
American Biltrite Inc. is a co-defendant with many other manufacturers and distributors of asbestos containing products in 1,257 pending claims involving 1,812 individuals as of June 30, 2009.
The Company was a co-defendant with many other manufacturers and distributors of asbestos…
The Hanover Insurance Group, Inc.’s net asbestos- and environmental-related reserve for losses and loss adjustment expenses were US$14.7 million at June 30, 2009 and US$13.9 million at Dec. 31, 2008.
The Company’s net A&E-related reserve for losses and LAE were US$14…
CIRCOR International, Inc.’s subsidiary, Leslie Controls, Inc., as of the end of June 2009, faced 1,158 active, unresolved asbestos-related claims filed in California, Texas, New York, Massachusetts, Illinois, Pennsylvania, West Virginia, Rhode Island and 23 other states.
Leslie, as of March…
CIRCOR International, Inc. says that, as of June 28, 2009, the aggregate amount of indemnity (on a cash basis) remaining on subsidiary Leslie Controls, Inc.’s primary layer of asbestos insurance was about US$4 million.
After giving effect to the Company’s accrual…
Asbestos-related claims are still filed against two of CIRCOR International, Inc.’s subsidiaries: Spence Engineering Company, Inc. (the stock of which the Company acquired in 1984) and Hoke, Inc. (the stock of which the Company acquired in 1998).
Due to the nature…
CIRCOR International, Inc.’s current asbestos liability was US$13,182,000 as of June 28, 2009, compared with US$9,310,000 as of Dec. 31, 2008, according to a Company report, on Form 8-K, filed with the Securities and Exchange Commission on July 29, 2009.
The…