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Litigation (Tables)
6 Months Ended
Jun. 30, 2013
Text Block [Abstract]  
Schedule of Loss Contingencies by Contingency

The following table reflects approximate information about the claims for Asbestos Liability against the subsidiaries and the Corporation, along with certain asbestos claims asserted against the inactive subsidiary in dissolution:

 

     Six Months Ended June 30,  
     2013     2012  

Total claims pending at the beginning of the period

     8,007        8,145   

New claims served

     726        173   

Claims dismissed

     (250     (214

Claims settled

     (135     (131
  

 

 

   

 

 

 

Total claims pending at the end of the period (1)

     8,348        7,973   
  

 

 

   

 

 

 

Gross settlement and defense costs (in 000’s)

   $ 10,727      $ 9,609   
  

 

 

   

 

 

 

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

   $ 27.86      $ 27.85   
  

 

 

   

 

 

 

 

(1) Included as “open claims” are approximately 1,633 and 1,657 claims as of June 30, 2013 and 2012, respectively, 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 Insurance Recoveries

The following table summarizes activity relating to insurance recoveries.

 

     Six Months Ended June 30,  
     2013     2012  

Insurance receivable – asbestos, beginning of the year

   $ 118,115      $ 126,206   

Settlement and defense costs paid by insurance carriers

     (12,757     (6,581
  

 

 

   

 

 

 

Insurance receivable – asbestos, end of the period

   $ 105,358      $ 119,625