Old Republic International Corporation’s net asbestos and environmental claim reserves were US$142.5 million at June 30, 2009, compared with US$145 million at Dec. 31, 2008.
The Company’s net A&E claim reserves were US$142.6 million at March 31, 2009. (Class Action Reporter,…
American Financial Group, Inc.’s three year survival ratio, at June 30, 2009, was 10.7 times paid losses for asbestos reserves and 9.9 times paid losses for total asbestos and environmental reserves, according to a Company report, on Form 8-K, filed…
Like many other insurers, The Hartford Financial Services Group, Inc., continues to be joined in actions by asbestos plaintiffs, according to the Company’s quarterly report filed with the Securities and Exchange Commission on July 29, 2009.
The plaintiffs assert that insurers…
The Travelers Companies, Inc.’s subsidiary, Travelers Property Casualty Corp. (TPC), is still involved in asbestos-related insurance lawsuits filed in various courts.
In October 2001 and April 2002, two purported class action suits (Wise v. Travelers and Meninger v. Travelers) were filed…
The Hartford Financial Services Group, Inc.’s net asbestos liability was US$1.997 billion during the three and six months ended June 30, 2009, according to a Company report, on Form 8-K, filed with the Securities and Exchange Commission on July 29,…
The U.S. District Court, District of New Jersey, denied motions filed by Fireman’s Fund Insurance Company (FFIC) and The American Insurance Company in the case styled In re Burns and Roe Enterprises, Inc. et al., Debtors.
Chief Judge Garrett E. Brown…
The Court of Appeal, Second District, California, issued split rulings in the case styled Employers Insurance Company of Wausau, Plaintiff and Respondent v. Pacific Employers Insurance Company, Defendant and Appellant.
Judges Sandy R. Kriegler, Richard M. Mosk, and Paul Turner entered…
The U.S. District Court, Southern District of Ohio, Western Division, granted OneBeacon America Insurance Company’s Motion to Disqualify Christopher Bechhold, Esq., and the Thompson Hine Law Firm, in litigation involving asbestos filed by R.E. Kramig Co., Inc.
The Court held that…
The Supreme Court of Connecticut issued split rulings in the case involving asbestos styled Liberty Mutual Insurance Company v. Lone Star Industries, Inc., et al.
Judges Fleming L. Norcott, Jr., Richard N. Palmer, Christine S. Vertefeuille, William J. Sullivan, and Sheldon…
Pfizer Inc.’s Quigley subsidiary said OneBeacon Insurance Co. agreed to pay more than US$16 million to resolve a dispute over asbestos liability, Bloomberg reports.
Quigley has been in bankruptcy since 2004. A Pfizer unit since 1968, Quigley no longer operates and…