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ASBESTOS LITIGATION: Old Republic Net A&E Reserves Total $145Mil
Old Republic International Corporation's net asbestos and environmental claim reserves were US$145 million at Dec. 31, 2008, compared with US$158.1 million at Dec. 31, 2007.
The Company's net A&E claim reserves were US$147.3 million at Sept. 30, 2008. (Class Action Reporter, Nov. 14, 2008)
The Company's gross A&E claim reserves were US$172.4 million at Dec. 31, 2008, compared with US$190.5 million at Dec. 31, 2007.
The Company's gross A&E claim reserves were US$176.6 million at Sept. 30, 2008. (Class Action Reporter, Nov. 14, 2008)
Net asbestos reserves were US$108.6 million at Dec. 31, 2008, compared with US$121.9 million at Dec. 31, 2007. Gross asbestos reserves were US$133.1 million at Dec. 31, 2008, compared with US$149.4 million at Dec. 31, 2007.
Headquartered in Chicago, Old Republic International Corporation is an insurance underwriter. It conducts its operations through regulated insurance company subsidiaries organized into three major segments, namely, its General (property and liability insurance), Mortgage Guaranty, and Title Insurance Groups.
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Lloyd's Asbestos Litigation Reporter
is a weekly newsletter distributed every Friday co-published by
Bankruptcy Creditors' Service, Inc., Fairless Hills, Pennsylvania, USA, and
Beard Group, Inc., Frederick, Maryland, USA.
Copyright 2008. All rights reserved. ISSN: 1945-4694.
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