Litigation (Tables)

3 Months Ended

Mar. 31, 2017

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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 three months ended March 31, 2017, and 2016 (claims not in thousands):

	Three Months Ended March 31,
	2017			2016
Total claims pending at the beginning of the period		6,618			6,212
New claims served		336			397
Claims dismissed		(80	)		(90	)
Claims settled		(88	)		(80	)
Total claims pending at the end of the period (1)		6,786			6,439
Gross settlement and defense costs (in 000’s)	$	4,888		$	4,027
Avg. gross settlement and defense costs per claim resolved (in 000’s)	$	29.10		$	23.69

(1) Included as “open claims” are approximately 445 and 427 claims as of March 31, 2017, and 2016, 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.

	Three Months Ended March 31,
	2017			2016
Insurance receivable – asbestos, beginning of the year	$	115,945		$	125,243
Settlement and defense costs paid by insurance carriers		(3,626	)		(2,675	)
Insurance receivable – asbestos, end of the period	$	112,319		$	122,748