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Commitments and Contingencies (Tables)

12 Months Ended

Dec. 31, 2021

Commitments and Contingencies Disclosure [Abstract]

Schedule of Liability For Unpaid Claims And Claims Adjustment Expense

The following table summarizes the change in number of asbestos claims outstanding during 2021 and 2020:


	2021	2020
Claims outstanding as of January 1	561	592
New claims filed	125	115
Pending claims concluded*	(143)	(146)
Claims outstanding as of December 31	543	561

* For the year ended December 31, 2021, 125 claims were dismissed and 18 claims were settled. For the year ended December 31, 2020, 126 claims were dismissed and 20 claims were settled. Settlements totaled approximately $2.1 million for the year ended December 31, 2021, compared to $5.4 million for the year ended December 31, 2020.

Schedule of Loss Contingencies By Contingency

Our projected asbestos-related claims and insurance receivables were as follows:


	As of December 31,
(Dollars in thousands)	2021		2020
Asbestos-related liabilities	$	68,332	$	73,235
Asbestos-related insurance receivables	$	62,567	$	66,793

- Definition

Tabular disclosure of the loss contingencies that were reported in the period or disclosed as of the balance sheet date.

+ References

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+ Details