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Litigation (Tables)
9 Months Ended
Sep. 30, 2012
Commitments and Contingent Liabilities / Litigation [Abstract]  
Schedule of loss contingencies by contingency
                 
   

Nine Months

Ended September 30,

 
    2012     2011  

Total claims pending at the beginning of the period

    8,145       8,081  

New claims served

    1,343       1,434  

Claims dismissed

    (329     (1,162

Claims settled

    (190     (197
   

 

 

   

 

 

 

Total claims pending at the end of the period

    8,969 (1)       8,156 ( 2 ) 
   

 

 

   

 

 

 

Gross settlement and defense costs (in 000’s)

  $ 16,738     $ 16,927  
   

 

 

   

 

 

 

Average gross settlement and defense costs per claim resolved (in 000’s)

  $ 32     $ 12  
   

 

 

   

 

 

 

 

  (1) Included as “open claims” are approximately 1,658 claims classified in various jurisdictions as “inactive” or transferred to a state or federal judicial panel on multi- district litigation, commonly referred to as the MDL.

 

  (2) Included as “open claims” are approximately 1,688 claims classified in various jurisdictions as “inactive” or transferred to a state or federal judicial panel on multi-district litigation, commonly referred to as the MDL.
Summary of activity in Asbestos Valuations
                                 
    (in thousands)  
   

Three Months

Ended September 30,

   

Nine Months

Ended September 30,

 
    2012     2011     2012     2011  

Insurance receivable – asbestos at beginning of period

  $ 119,625     $ 133,927     $ 126,206     $ 141,839  

Settlements and defense costs paid by insurance carriers

    (3,709     (3,924     (10,290     (11,836
   

 

 

   

 

 

   

 

 

   

 

 

 

Insurance receivable – asbestos at end of period

  $ 115,916     $ 130,003     $ 115,916     $ 130,003