ASBESTOS UPDATE: Claims v. GenCorp Inc. Rise to 143 at Aug. 31

GenCorp Inc. faced 143 pending asbestos cases as of Aug. 31, 2011, compared with 141 cases as of Nov. 30, 2011, according to the Company’s quarterly report filed on Sept. 30, 2011 with the U.S. Securities and Exchange Commission.

The Company…

ASBESTOS UPDATE: Hanover Records $65.4MM A&E Reserves at June 30

The Hanover Insurance Group, Inc.’s asbestos and environmental reserves were US$65.4 million as of June 30, 2011, compared with US$68.4 million as of Dec. 31, 2010, according to the Company’s quarterly report filed on Aug. 9, 2011 with the Securities…

ASBESTOS UPDATE: Exposure Lawsuits Still Open v. Kaanapali Land

Kaanapali Land, LLC, as successor by merger to other entities, and its D/C Distribution subsidiary have been named as defendants in personal injury actions allegedly based on exposure to asbestos.

While there have been only a few such cases that name…

ASBESTOS UPDATE: American Fin’l’s June 30 A&E Reserve at $382MM

American Financial Group, Inc. says that, at June 30, 2011, its property and casualty group’s asbestos and environmental reserves was US$382 million, net of reinsurance recoverables.

The Company recently completed the previously announced comprehensive study of its asbestos and environmental exposures…

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: American Financial Reserves Increase by $28MM

American Financial Group, Inc.’s P&C group’s asbestos reserves were increased by US$28 million (net of reinsurance) and its environmental reserves were increased by US$22 million (net of reinsurance), according to a Company press release dated Aug. 1, 2011.

At June 30,…

ASBESTOS UPDATE: Hawaiian Electric Posts $49.19MM ARO at June 30

Hawaiian Electric Industries, Inc.’s Hawaiian Electric Company subsidiary recorded asset retirement obligations of US$49,191,000 as of June 30, 2011, compared with US$36,019,000 as of June 30, 2010.

HECO recorded AROs of US$48,714,000 as of March 31, 2011, compared with US$23,985,000 as…

ASBESTOS UPDATE: Enstar Group Still Subject to Asbestos Actions

Enstar Group Limited says it will continue to be subject to litigation and arbitration proceedings in the ordinary course of business, including litigation generally related to the scope of coverage with respect to asbestos and environmental claims.

No significant asbestos-related matters…

ASBESTOS UPDATE: 138 Injury Claims Pending v. GenCorp at May 31

GenCorp Inc. faced 138 pending asbestos-related claims as of May 31, 2011, compared with 141 claims as of Nov. 30, 2010, according to the Company’s quarterly report filed with the Securities and Exchange Commission on July 5, 2011.

The Company has…

ASBESTOS UPDATE: American Fin’l. Unit Party to A.P. Green Action

American Financial Group, Inc.’s Great American Insurance Company subsidiary is party to asbestos-related litigation involving A.P. Green.

Great American Insurance Company entered into an agreement in 2003, which was approved by the Bankruptcy Court, for the settlement of coverage litigation related…

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