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Litigation (Tables)
12 Months Ended
Dec. 31, 2014
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 for the two years ended December 31, 2014 and 2013 (2013 includes asbestos claims asserted against the inactive subsidiary in dissolution):

 

      2014     2013  

Total claims pending at the beginning of the period

     8,319        8,007   

New claims served

     1,466        1,432   

Claims dismissed

     (1,094     (803

Claims settled

     (234     (317

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

     8,457        8,319   

Gross settlement and defense costs (in 000’s)

   $ 20,801      $ 22,618   

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

   $ 15.66      $ 20.19   

Summary of Activity in Asbestos Insurance Recoveries

The following table summarizes activity relating to insurance recoveries for each of the years ended December 31, 2014 and 2013.

 

      2014     2013  

Insurance receivable – asbestos, beginning of the year

   $ 110,741      $ 118,115   

Settlement and defense costs paid by insurance carriers

     (17,159     (23,714

Changes in estimated coverage

     47,069        16,340   

Insurance receivable – asbestos, end of the year

   $ 140,651      $ 110,741