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: Cleanup of Martha B. Day School to Cost $35,752

Asbestos cleanup at the Martha B. Day (MBD) School in Bloomingdale, N.J., will cost a total of US$35,752, of which US$23,431 is for cleanup on the upper floor and US$12,320 is for cleanup on the lower level, NorthJersey.com reports.

The bid…

ASBESTOS UPDATE: Asbestos Found in Basement of Bogota Firehouse

Asbestos is found in the basement pipes of the firehouse in Bogota, N.J., NorthJersey.com reports.

In a January 2010 inspection, an official from the New Jersey Department of Health and Senior Services noticed a possible case of asbestos on the basement…

ASBESTOS UPDATE: Hoffman-LaRoche Operator’s Action Still Ongoing

An asbestos case involving a former chemical operator at Hoffman- LaRoche in Nutley, N.J., is ongoing, Asbestos.com reports.

The lawsuit alleges that the former worker passed away as a direct result of being exposed to asbestos while at work. The estate…

ASBESTOS UPDATE: Congoleum Reorganization Consummated on July 1

The Plan Proponents, on July 1, 2010, consented to the effective date of Congoleum Corporation’s Plan of Reorganization occurring on July 1, 2010 (Effective Date), according to a Company press report, on Form 8-K, filed on July 8, 2010 with…

ASBESTOS UPDATE: Sealed Air Corp. Party to Cryovac Deal Actions

Sealed Air Corporation, since 2000, has been served with lawsuits alleging that, as a result of the Cryovac transaction, the Company is responsible for alleged asbestos liabilities of W. R. Grace & Co. and its subsidiaries, some of which were…

ASBESTOS UPDATE: Congoleum Records $44.79 Mil. Current Liability

Congoleum Corporation’s current asbestos-related liabilities were US$44,792,000 as of Sept. 30, 2009, compared with US$50,022,000 million as of Dec. 31, 2008, according to the Company’s quarterly report filed with the Securities and Exchange Commission on Nov. 13, 2009.

The Company’s current…

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