ASBESTOS UPDATE: AIHL Records $19.1M Gross Reserves at Sept. 30

Alleghany Corporation says its subsidiary, Alleghany Insurance Holdings LLC, had gross asbestos and environmental reserves of US$19.1 million at Sept. 30, 2009, compared with US$20.4 million at Dec. 31, 2008.

AIHL had net A&E reserves of US$19 million at Sept. 30,…

ASBESTOS UPDATE: Albany Int’l. Still Named in Mt. Vernon Actions

Albany International Corp., in some asbestos cases, is named both as a direct defendant and as the “successor in interest” to Mount Vernon Mills.

The Company acquired certain assets from Mount Vernon in 1993. Certain plaintiffs allege injury caused by asbestos-containing…

ASBESTOS UPDATE: ConEd Still Facing 100 Steam Main Rupture Cases

About 100 lawsuits are still pending against Consolidated Edison, Inc. concerning its subsidiary Consolidated Edison Company of New York’s steam main rupture in midtown Manhattan in July 2007.

About 100 lawsuits are pending against the Company concerning Con Edison of New…

ASBESTOS UPDATE: Graham Corp. Still Involved in Exposure Actions

Graham Corporation continues to be 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. The claims are similar to…

ASBESTOS UPDATE: Columbus McKinnon Corp. Cites $9.35M Liability

Columbus McKinnon Corporation recorded an asbestos-related liability of US$9,350,000 as of Sept. 30, 2009, according to the Company’s quarterly report filed with the Securities and Exchange Commission on Nov. 6, 2009.

The Company’s asbestos-related liability remained at US$8.8 million as of…

ASBESTOS UPDATE: Consolidated Edison, Units Face Exposure Cases

Consolidated Edison, Inc. and its Utilities (Consolidated Edison of New York, Inc. and Orange and Rockland Utilities, Inc.) still face asbestos lawsuits brought in New York State and federal courts.

A number of plaintiffs sought large amounts of compensatory and punitive…

ASBESTOS UPDATE: Trial in Mancuso Asbestos Case to Start Oct. 19

The federal asbestos trial against brothers Paul and Steven Mancuso and their father, Lester Mancuso, is expected to begin in U.S. District Court on Oct. 19, 2009, with the selection of the jury, the Observer-Dispatch reports.

Witness testimony is expected to…

ASBESTOS UPDATE: Abatement at Rochester’s Midtown Plaza Underway

Asbestos abatement of the existing buildings at the Midtown Rising Project site in Rochester, N.Y., is now underway, JusticeNewsFlash.com reports.

The project is part of ongoing redevelopment to make way for PAETEC, a telecommunications company.

Cambria, the asbestos contractor, continues identifying, containing,…

ASBESTOS UPDATE: Superior Abatement Penalized for Cleanup Breach

The New York State Department of Labor cited Superior Abatement Inc., a West Caldwell, N.J.-based contractor, with five asbestos- related safety violations during cleanup at the Roosevelt High School in Roosevelt, Long Island, N.Y., Newsday reports.

The state inspection report was…

ASBESTOS UPDATE: Judges to be Featured in HB Conferences in N.Y.

The HB Conferences to be held in New York on December 2009 will feature asbestos trusts and asbestos judges, according to an HB Litigation Conferences press release dated Oct. 6, 2009.

Between US$30 billion and US$34 billion reside in the asbestos…

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