The New York State Department of Financial Services (DFS) has fined Arch Insurance Company and National Union Fire Insurance Company of Pittsburgh, Penn., a combined total of $2.2 million in fines and ordered the insurers to provide a combined $8 …
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 …
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 …
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, 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, 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 …
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 …
