Ingersoll-Rand Company Limited’s liability for asbestos related matters was US$1.179 billion at March 31, 2009, compared with US$1.195 billion at Dec. 31, 2008.
The Company’s asset for probable asbestos-related insurance recoveries totaled US$421 million at March 31, 2009, compared with US$423.8…
Linda Dale Baggett McLemore, Larry Donald Baggett and Hazel Baggett (on behalf of Lawrence Baggett) filed an asbestos lawsuit against 33 defendant corporations in Jefferson County District Court, Tex., on May 20, 2009, The Southeast Texas Record reports.
The defendants include…
Ingersoll-Rand Company Limited’s liability for asbestos-related matters totaled US$1.195 billion at Dec. 31, 2008, compared with US$754.9 million.
The Company’s asset for probable asbestos-related insurance recoveries totaled US$423.8 million at Dec. 31, 2008, compared with US$249.8 million at Dec. 31, 2007.
Headquartered…
Ingersoll-Rand Company Limited recorded 63,308 open asbestos claims of its legacy businesses at Dec. 31, 2008, compared with 100,623 claims at Dec. 31, 2007.
At Dec. 31, 2008, the Company had 4,567 new claims filed; 3,693 claims settled; and 38,189 claims…
Ingersoll-Rand Company Limited’s subsidiary, Trane Inc., continues to be in litigation against certain carriers whose policies it believes provide coverage for asbestos claims.
The insurance carriers named in this suit have challenged Trane’s right to recovery. Trane filed the action in…