Motors Liquidation Company, f/k/a General Motors Corporation, on Aug. 31, 2010, announced that MLC, MLC of Harlem, Inc. (f/k/a Chevrolet-Saturn of Harlem, Inc.), MLCS, LLC (f/k/a Saturn, LLC), MLCS Distribution Corporation (f/k/a Saturn Distribution Corporation), Remediation and Liability Management Company,…
American International Group, Inc.’s gross asbestos liability for unpaid claims and claims adjustment expense was US$2.977 billion during the six months ended June 30, 2010, compared with US$3.242 billion during the six months ended June 30, 2009.
The Company’s gross asbestos…
United States Fidelity & Guaranty Co., a subsidiary of Travelers Cos., was awarded US$262.3 million plus interest against a group of insurance companies including a unit of Munich Re AG, in a reinsurance dispute tied to asbestos-injury claims from the…
American International Group, Inc. recorded 4,996 asbestos claims during the six months ended June 30, 2010, compared with 5,485 during the six months ended June 30, 2009.
The Company recorded 5,208 asbestos claims during the three months ended March 31, 2010,…
Albany International Corp. was defending against 7,343 asbestos claims as of July 23, 2010, compared with 7,464 such claims as of April 29, 2010, and 7,809 claims as of Feb. 16, 2010.
The Company is a defendant in suits brought in…
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…
Albany International Corp.’s subsidiary, Brandon Drying Fabrics, Inc., was defending against 7,907 asbestis claims as of July 23, 2010.
This is the same amount as last reported April 29, 2010 and compares with 7,905 such claims as of Feb. 16, 2010.
The…
About 100 lawsuits are still pending against Consolidated Edison, Inc. concerning its subsidiary Consolidated Edison Company of New York’s (CECONY) steam main rupture in midtown Manhattan in July 2007.
In July 2007, a CECONY steam main located in midtown Manhattan ruptured.…
Consolidated Edison, Inc. and its subsidiaries — Consolidated Edison of New York, Inc. [CECONY] and Orange and Rockland Utilities, Inc. — continue to be defendants in asbestos-related lawsuits in New York State and federal courts.
Suits have been brought in New…
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…