Arch Insurance Company News

Tennessee Supreme Court Upholds $150M Cut in Mall Flood Coverage

In a blow to the owner of Opry Mills Mall, the Tennessee Supreme Court has let stand a lower court’s ruling that stripped $150 million of insurance coverage for the 2010 flood. The state’s highest court announced last month that …

Tennessee Mall Damaged in 2010 Flood Seeks More Insurance Money

The owners of Opry Mills are asking the Tennessee Supreme Court to reverse a ruling that reduced their 2010 flood insurance coverage from $200 to $50 million. The Tennessean reports the Simon Property Group filed an appeal last month with …

N.Y. Appellate Court Affirms Summary Judgement in $58M Insurance Dispute

The Appellate Division of the New York Supreme Court, First Department, has affirmed an earlier Supreme Court decision to grant summary judgement to TransCanada Energy USA and its subsidiaries, TC Ravenswood Services Corp. and TC Ravenswood, recognizing insurance coverage for …

Arch Insurance Group Launches New Side A D&O Policy

Arch Insurance Group, a member of Arch Capital Group Ltd., has launched a new specialized management liability product in the U.S. that features: Arch Essential Side A Side A lead difference in conditions (DIC) Follow form excess liability insurance policy …

Arch Insurance Group’s Contract Binding Operations Launch Excess Liability Capacity

Arch Insurance Group, a subsidiary of Arch Capital Group Ltd., has increased limits of up to $5 million on its general liability coverage in the newly-formed Contract Binding Operations. The Arch Contract Binding Operations unit, which started operations earlier this …

Louisiana Pie Maker Sues Fire Suppression Company, Insurers

New Orleans pie maker Simon Hubig Company Inc., whose Louisiana plant was destroyed in a blaze six months ago, has sued the Kenner company that created and maintained its fire suppression system. The Times-Picayune reported the lawsuit, filed in New …