Litigation (Tables)

12 Months Ended

Dec. 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 Air & Liquid and the Corporation for the two years ended December 31, 2017, and 2016:

	2017			2016
Total claims pending at the beginning of the period		6,618			6,212
New claims served		1,365			1,452
Claims dismissed		(718	)		(782	)
Claims settled		(358	)		(264	)
Total claims pending at the end of the period(1)		6,907			6,618
Gross settlement and defense costs (in 000’s)	$	21,431		$	17,960
Average gross settlement and defense costs per claim resolved    (in 000’s)	$	19.92		$	17.17

(1) Included as “open claims” are approximately 479 and 444 claims in 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 for each of the years ended December 31, 2017, and 2016.

	2017			2016
Insurance receivable – asbestos, beginning of the year	$	115,945		$	125,423
Settlement and defense costs paid by insurance carriers(1)		(15,603	)		(23,138	)
Changes in estimated coverage		0			13,660
Insurance receivable – asbestos, end of the year	$	100,342		$	115,945

(1) Settlement and defense costs paid by insurance carriers for 2016 includes a lump sum cash settlement with an insurance carrier of $9,808.