American Financial Group, Inc.’s asbestos-related reserves amounted to US$276 million as of Dec. 31, 2010, compared with US$300 million as of Dec. 31, 2009, according to the Company’s annual report filed with the Securities and Exchange Commission on Feb. 28,…
Property and Casualty Insurance Reserves related to Unitrin, Inc.’s Discontinued Operations are predominantly long-tailed exposures, of which US$59.8 million was related to asbestos, environmental matters and construction defect exposures at Dec. 31, 2010.
Unitrin, Inc. is a diversified insurance holding company,…
CNA Financial Corporation announced on Aug. 31, 2010 the completion of the previously disclosed transfer of legacy asbestos and environmental pollution liabilities to National Indemnity Company, a subsidiary of Berkshire Hathaway Inc., according to a Company press release dated Aug.…
Argo Group International Holdings, Ltd.’s gross loss reserves for asbestos and environmental matters were US$109.3 million as of June 30, 2010, compared with US$152.3 million as of June 30, 2009.
The Company’s gross asbestos- and environmental-related reserves amounted to US$113.3 million…
American International Group, Inc.’s gross asbestos liability for unpaid claims and claims adjustment expense was US$2.977 billion during the six months ended June 30, 2010, compared with US$3.242 billion during the six months ended June 30, 2009.
The Company’s gross asbestos…
American International Group, Inc. recorded 4,996 asbestos claims during the six months ended June 30, 2010, compared with 5,485 during the six months ended June 30, 2009.
The Company recorded 5,208 asbestos claims during the three months ended March 31, 2010,…
The Court of Appeal of Louisiana, Fourth Circuit, reversed the ruling of the Civil District Court, Orleans Parish, which granted the dismissal of the asbestos claims filed by the heirs of Henry Joseph Marcel.
The case is styled David B. Marcel,…
Penn Millers Holding Corporation’s estimated liability for asbestos and environmental claims was US$2,301,000 at June 30, 2010 and US$2,397,000 at Dec. 31, 2009.
The Company’s estimated liability for A&E claims was US$2,318,000 at March 31, 2010. (Class Action Reporter, May 28,…
Ending loss and loss adjustment expense reserves for all direct business written by The Hanover Insurance Group, Inc.’s property and casualty companies related to asbestos and environmental damage liability, included in the reserve for losses and LAE, were US$11.3 million…
Allegheny Corporation subsidiary, Alleghany Insurance Holdings LLC (AIHL), had reserves for unpaid asbestos and environmental losses and loss adjustment expenses that include US$14.4 million of gross reserves and US$14.3 million of net reserves at June 30, 2010.
AIHL’s reserves for unpaid…