Litigation (Tables)

12 Months Ended

Dec. 31, 2013

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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, along with certain asbestos claims asserted against the inactive subsidiary in dissolution, for the two years ended December 31, 2013 and 2012:

	2013			2012
Total claims pending at the beginning of the period		8,007			8,145
New claims served		1,432			1,538
Claims dismissed		(803	)		(1,420	)
Claims settled		(317	)		(256	)
Total claims pending at the end of the period (1)		8,319			8,007
Gross settlement and defense costs (in 000’s)	$	22,618		$	23,589
Average gross settlement and defense costs per claim resolved (in 000’s)	$	20.19		$	14.07

(1) Included as “open claims” are approximately 1.636 claims and 1,632 claims in 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 for each of the years ended December 31, 2013 and 2012.

	2013			2012
Insurance receivable – asbestos, beginning of the year		$118,115			$126,206
Settlement and defense costs paid by insurance carriers		(23,714	)		(15,468	)
Changes in estimated coverage		16,340			7,377
Insurance receivable – asbestos, end of the year		$110,741			$118,115