ASBESTOS UPDATE: Kingston Council OKs More Funding for Abatement

On Sept. 6, 2011, the Common Council of Kingston, N.Y., amid controversy on the alleged theft of copper piping from the King’s Inn building in midtown Kingston, voted to authorize the bonding of US$200,000 in order to cover additional costs…

ASBESTOS UPDATE: N.Y. Court Enters Judgment in Continental Case

The Supreme Court, Appellate Division, First Department, New York, issued rulings in a case involving asbestos styled Continental Casualty Company, et al., Plaintiffs-Appellants-Respondents v. Employers Insurance Company of Wausau, et al., Defendants- Respondents-Appellants, Robert A. Keasbey Company, a corporation dissolved…

ASBESTOS UPDATE: Oriskany Resident Admits to Asbestos Violations

Leonard Pugh, a 74-year-old resident of Oriskany, N.Y., pleaded guilty last Sept. 9, 2011 in federal court to having a building he owned in Whitesboro demolished in violation of the Clean Air Act while the structure still contained asbestos, the…

ASBESTOS UPDATE: Pneumo Abex to Continue Resolving Tort Claims

M & F Worldwide Corp. says that Pneumo Abex LLC, now owned by a Settlement Trust, will continue to resolve asbestos-related claims asserted against it in the tort system.

The Company’s non-operating contingent claims were generally associated with its indirect, wholly…

ASBESTOS UPDATE: AIHL Posts $13.8MM Net A&E Reserves at June 30

Allegheny Corporation’s Allegheny Insurance Holdings LLC’s (AIHL) asbestos and environmental reserves for unpaid loss and loss adjustment expenses include US$13.9 million of gross reserves and US$13.8 million of net reserves as of June 30, 2011, and US$14.1 million of gross…

ASBESTOS UPDATE: American Int’l. Posts $2.262-Bil. Net Liability

American International Group, Inc.’s net asbestos-related liability for unpaid claims and claims adjustment expense were US$2.262 billion during the six months ended June 30, 2011, compared with US$1.075 billion as of June 30, 2010.

The Company’s gross asbestos-related liability for unpaid…

ASBESTOS UPDATE: American Int’l. Records 5,477 Claims at June 30

American International Group, Inc. recorded 5,477 asbestos claims during the six months ended June 30, 2011, compared with 4,966 asbestos claims during the six months ended June 30, 2010.

During the six months ended June 30, 2011, the Company recorded 40…

ASBESTOS UPDATE: Graham Corp. Still Involved in Exposure Actions

Graham Corporation is still named as a defendant in certain lawsuits alleging personal injury from exposure to asbestos contained in products made by the Company, according to the Company’s quarterly report filed on Aug. 5, 2011 with the Securities and…

ASBESTOS UPDATE: Union Carbide Engaged in N.Y. Insurance Action

Union Carbide Corporation’s asbestos-related insurance litigation filed in New York court is ongoing.

In September 2003, the Company filed a comprehensive insurance coverage case, now proceeding in the Supreme Court of the State of New York, County of New York, seeking…

ASBESTOS UPDATE: Northwestern Suffers Setback in Suit v. Insco

The U.S. District Court, Southern District of New York, denied Northwester National Insurance Company’s petition on the basis that Insco, Ltd. had already appointed a replacement arbitrator.

The case is styled Northwestern National Insurance Company, Petitioner v. Insco, Ltd., Respondent.

District Judge…

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