ASBESTOS LITIGATION: PICO Makes $500T Claims Reserve at Dec. 31

PICO Holdings, Inc.’s insurance subsidiary, Citation Insurance Company, created a new reserve of US$500,000 for asbestos claims during 2008, according to the Company’s annual report filed with the Securities and Exchange Commission on March 2, 2009.

Citation did not previously have…

ASBESTOS LITIGATION: Rulings Issued in Dufour’s Lawsuit in Miss.

The U.S. District Court, Southern District of Mississippi, Southern Division, issued several rulings in the asbestos lawsuit filed by Douglas and Valerie Dufour against various defendants including Ford Motor Company and General Motors Corporation.

The case is styled Valerie Dufour, et…

ASBESTOS LITIGATION: NewMarket Cites $11.7M Reserves at Dec. 31

NewMarket Corporation’s asbestos litigation reserve was US$11,705,000 at Dec. 31, 2008, compared with US$11,113,000 at Dec. 31, 2007, according to the Company’s annual report filed with the Securities and Exchange Commission on Feb. 20, 2009.

The Company is a defendant in…

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