ASBESTOS UPDATE: AIHL Records $14.4MM Gross Reserves at June 30

Allegheny Corporation subsidiary, Alleghany Insurance Holdings LLC (AIHL), had reserves for unpaid asbestos and environmental losses and loss adjustment expenses that include US$14.4 million of gross reserves and US$14.3 million of net reserves at June 30, 2010.

AIHL’s reserves for unpaid…

ASBESTOS UPDATE: Navigators Cites $8.7MM Recoverables at June 30

The Navigators Group, Inc.’s ceded asbestos paid and unpaid recoverables were US$8.7 million at June 30, 2010 and US$8.9 million at Dec. 31, 2009, according to the Company’s quarterly report filed on Aug. 5, 2010 with the Securities and Exchange…

ASBESTOS UPDATE: Harsco Facing 24,120 Pending Claims at June 30

There are 24,120 pending asbestos personal injury claims filed against the Company as of June 30, 2010, according to the Company’s quarterly report filed on Aug. 5, 2010 with the Securities and Exchange Commission.

There were 26,055 pending asbestos personal injury…

ASBESTOS UPDATE: Central Hudson Facing 1,186 Lawsuits at June 30

CH Energy Group, Inc. says that, as of June 30, 2010, of the 3,319 asbestos cases brought against subsidiary Central Hudson Gas & Electric Corporation, about 1,186 remain pending, according to the Company’s quarterly report filed on Aug. 5, 2010,…

ASBESTOS UPDATE: M & F Worldwide Still Subject to Asbestos Cases

M & F Worldwide Corp. is subject to contingent claims that include various environmental and asbestos-related claims, according to the Company’s quarterly report filed on Aug. 5, 2010, with the Securities and Exchange Commission.

The Company’s non-operating contingent claims are generally…

ASBESTOS UPDATE: Graham Remains a Defendant in Injury Claims

Graham Corporation continues to be named as a defendant in certain lawsuits alleging personal injury from exposure to asbestos contained in products made by the Company.

The Company is a co-defendant with numerous other defendants in these lawsuits, according to the…

ASBESTOS UPDATE: Union Carbide Still Has $84M June 30 Receivable

Union Carbide Corporation’s receivable for insurance recoveries related to its asbestos liability was US$84 million at June 30, 2010 and Dec. 31, 2009, according to the Company’s quarterly report filed on Aug. 4, 2010 with the Securities and Exchange Commission.

At…

ASBESTOS UPDATE: Union Carbide’s Insurance Case Ongoing in N.Y.

Union Carbide Corporation continues to pursue an asbestos-related comprehensive insurance coverage action in the Supreme Court of the State of New York, County of New York.

In September 2003, the Company filed the comprehensive insurance coverage case, seeking to confirm its…

ASBESTOS UPDATE: Bankruptcy Judge OKs Creditors’ Bid in GM Case

U.S. Bankruptcy Judge Robert Gerber in New York, on Aug. 9, 2010, granted permission to unsecured creditors of General Motors Corporation’s bankruptcy estate to request documents, after they agreed to keep sensitive information confidential, Bloomberg reports.

The case is styled In…

ASBESTOS UPDATE: 1,534 Open Actions v. Standard Motor at June 30

Standard Motor Products, Inc., at June 30, 2010, says that 1,534 asbestos cases were outstanding for which it was responsible for any related liabilities, according to the Company’s quarterly report filed on Aug. 3, 2010 with the Securities and Exchange…

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