ASBESTOS UPDATE: Navigators Has $16.72M Net Reserves at Sept. 30

The Navigators Group, Inc.’s net loss and loss adjustment expense reserves for its asbestos exposures were US$16,720,000 during the nine months ended Sept. 30, 2009, compared with US$16,683,000 during the year ended Dec. 31, 2008.

The Company’s net loss and LAE…

ASBESTOS UPDATE: Odyssey Cites $333.47M Losses, LAE at Sept. 30

Odyssey Re Holdings Corp.’s gross unpaid asbestos-related losses and loss adjustment expenses were US$333,475,000 during the nine and three months ended Sept. 30, 2009, compared with US$346,267,000 during the nine and three months ended Sept. 30, 2008.

The Company’s asbestos-related gross…

ASBESTOS UPDATE: Hartford Has $1.940B Net Liability at Sept. 30

The Hartford Financial Services Group, Inc.’s net asbestos liability was US$1.940 billion for the three and nine months ended Sept. 30, 2009, according to the Company’s quarterly report filed with the Securities and Exchange Commission on Nov. 3, 2009.

The Company’s…

ASBESTOS UPDATE: Allstate Reserves $1.16B for Claims at Sept. 30

The Allstate Corporation’s reserves for asbestos claims were US$1.16 billion at Sept. 30, 2009, compared with US$1.23 billion at Sept. 30, 2008.

The Company’s reserves for asbestos claims were US$1.19 billion at June 30, 2009. (Class Action Reporter, Aug. 28, 2009)

Net…

ASBESTOS UPDATE: Markel Records $10Mil Loss Reserves at Sept. 30

Markel Corporation says the underwriting loss for both the quarter and nine months ended Sept. 30, 2009 included US$10 million of loss reserve development on asbestos and environmental exposures compared to US$24.9 million in both periods of 2008.

The Other segment…

ASBESTOS UPDATE: Hanover Records $14.7MM Net Reserve at Sept. 30

The Hanover Insurance Group, Inc.’s net asbestos- and environmental-related reserve for losses and loss adjustment expenses were US$14.7 million at Sept. 30, 2009, compared with US$13.9 million at Dec. 31, 2008.

The Company’s gross A&E-related reserve for losses and LAE were…

ASBESTOS UPDATE: Aviva Reserves GBP1.019B for A&E Claims in 2008

Aviva plc’s net initial asbestos- and environmental-related reserves for unpaid losses and loss adjustment expenses were GBP1.019 billion as of Dec. 31, 2008, compared with GBP323 million as of Dec. 31, 2007.

The Company’s gross initial A&E reserves for unpaid losses…

ASBESTOS UPDATE: District Court Issues Split Ruling in Montello

The U.S. District Court, Northern District of Oklahoma, issued split rulings in the case involving asbestos styled Montello, Inc. Allen J. Johnson, and Leo A. Wooldridge, Plaintiffs v. The Travelers Indemnity Company, Defendant.

Chief Judge Claire V. Egan entered judgment in…

ASBESTOS UPDATE: Court OKs Fireman’s Fund Summary Judgment Bid

The U.S. District Court, Western District of Washington, at Seattle, granted Fireman’s Fund Insurance Company’s motion for summary judgment in an asbestos case involving Weyerhaeuser Company.

U.S. District Judge Athomas S. Zilly entered judgment in Case No. C08-1037Z on Aug. 10,…

ASBESTOS UPDATE: American Int’l. Has $3.24B Liability at June 30

American International Group, Inc.’s gross asbestos liability for unpaid claims and claims adjustment expense was US$3.242 billion during the six months ended June 30, 2009, compared with US$3.541 billion during the six months ended June 30, 2008.

The Company’s gross asbestos…

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