Allegheny Corporation’s Allegheny Insurance Holdings LLC’s (AIHL) asbestos and environmental reserves for unpaid loss and loss adjustment expenses include US$13.9 million of gross reserves and US$13.8 million of net reserves as of June 30, 2011, and US$14.1 million of gross…
American International Group, Inc.’s net asbestos-related liability for unpaid claims and claims adjustment expense were US$2.262 billion during the six months ended June 30, 2011, compared with US$1.075 billion as of June 30, 2010.
The Company’s gross asbestos-related liability for unpaid…
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,…
American International Group, Inc. recorded 5,477 asbestos claims during the six months ended June 30, 2011, compared with 4,966 asbestos claims during the six months ended June 30, 2010.
During the six months ended June 30, 2011, the Company recorded 40…
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…
Old Republic International Corporation’s net asbestos and environmental claim reserves amounted to US$139.7 million as of June 30, 2011, compared with US$144.9 million as of Dec. 31, 2010.
The Company’s gross asbestosis and environmental claim reserves amounted to US$188.8 million as…
The Allstate Corporation’s reserves for asbestos claims were US$1.09 billion as of June 30, 2011 and US$1.10 billion as of Dec. 31, 2010, net of reinsurance recoverables of US$529 million as of June 30, 2011 and US$555 million as of…
White Mountains Insurance Group, Ltd. says a favorable loss reserve development was partially offset by US$2 million of additions to its Asbestos and Environmental reserves and US$3.7 million of net unfavorable loss reserve development from other business lines, mainly marine.
For…
Items impacting The Hartford Financial Services Group Inc.’s 2011 second quarter results include a reserve increase of US$290 million, pre-tax, or US$189 million, after tax, resulting from the Company’s annual review of its legacy asbestos liabilities, according to a Company…
A three-judge panel of the U.S. Court of Appeals for the Sixth Circuit in Detroit affirmed a district court’s decision to dismiss a trust’s September 2008 lawsuit in asbestos litigation involving Continental Insurance Co., Insurance Journal reports.
The Appeals Court has…