	Nine months ended
	September 30,
	2019		2020
	(In millions)
Securities earnings:
Dividends and interest	$	8.7	$	3.8
Securities transactions, net		.3		(.3	)
Total		9.0		3.5
Currency transactions, net		5.6		3.2
Insurance recoveries		5.2		1.6
Infrastructure reimbursement		9.2		19.6
Gain on land and related sales		4.4		4.0
Other, net		2.1		2.0
Total	$	35.5	$	33.9

Insurance recoveries reflect, in part, amounts NL received from certain of its former insurance carriers and relate to the recovery of prior lead pigment and asbestos litigation defense costs incurred by NL. In the first nine months of 2019, NL recognized $5.2 million in insurance recoveries which represented recovery of past and future litigation defense costs primarily related to a single insurance recovery settlement. See Note 15. In the first quarter of 2020, Kronos recognized a $1.5 million gain related to an insurance settlement for a property damage claim.

In the third quarter of 2020, BMI recognized a pre-tax gain of $4.0 million related to proceeds received associated with a prior land sale. In the third quarter of 2019, NL sold excess property for net proceeds of $4.6 million and recognized a pre-tax gain of $4.4 million.

Infrastructure reimbursement– As disclosed in Note 7 to our 2019 Annual Report, under an Owner Participation Agreement (“OPA”) entered into by LandWell with the Redevelopment Agency of the City of Henderson, Nevada, as LandWell develops certain real property for commercial and residential purposes in its master planned community in Henderson, Nevada, the cost of certain public infrastructure may be reimbursed to LandWell through tax increment. During the first nine months of 2019, we received approval for additional tax increment reimbursement of $8.8 million (primarily in the second quarter) and during the first nine months of 2020 we received $19.1 million (all in the first quarter), which was recognized as other income and is evidenced by a promissory note issued to LandWell by the City of Henderson.