Litigation (Tables)

12 Months Ended

Dec. 31, 2019

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Schedule of Loss Contingencies by Contingency

The following table reflects approximate information about the claims for the Asbestos Liability against Air & Liquid and the Corporation for the two years ended December 31, 2019, and 2018:

	2019			2018
Total claims pending at the beginning of the period		6,772			6,907
New claims served		1,370			1,338
Claims dismissed		(1,663	)		(1,123	)
Claims settled		(377	)		(350	)
Total claims pending at the end of the period(1)		6,102			6,772
Gross settlement and defense costs (in 000’s)	$	20,289		$	24,324
Average gross settlement and defense costs per claim resolved (in 000’s)	$	9.95		$	16.51

(1) Included as “open claims” are approximately 749 and 668 claims in 2019 and 2018, 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, 2019, and 2018.

	2019			2018
Insurance receivable – asbestos, beginning of the year	$	152,508		$	100,342
Settlement and defense costs paid by insurance carriers		(15,576	)		(17,420	)
Change in estimated coverage		0			69,586
Insurance receivable – asbestos, end of the year	$	136,932		$	152,508