Search for: "Excess Insurance Company Limited"
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26 Mar 2019, 4:01 am
Jarred later added XL Special Insurance Company and Valiant Insurance (“Underwriters”) who insured J&J Corporation with a Marines Excess Liability Policy (“excess commercial insurance policy”) as defendants. [read post]
4 Jan 2019, 7:53 am
If the insurer has exclusive control in settlement negotiations, then rejects a claimant’s reasonable offer to settle the case within policy limits prior to or even during trial, the insurer can be responsible for a verdict in excess of policy limits. [read post]
17 Feb 2015, 5:45 am
Granada Food Corp. held one million in primary insurance issued by the Insurance Company of North America as well as nine million in excess insurance issued by National Union. [read post]
18 Mar 2013, 7:22 am
For some smaller self-insured employers, the cut off limit might be $250,000 or $500,000, while a large company with substantial assets might not have an excess carrier involved in their work comp claims until the catastrophic claim payments reach $2.5, or even $5 million on a claim. [read post]
3 Feb 2010, 7:03 am
The court decided that his policy was not an excess insurance policy. [read post]
1 Feb 2018, 6:30 am
For example, you decide your company can afford the cost of paying almost all work comp claims but do not want to be on the hook to pay claims where the total cost exceeds the company’s set $500,000 limit. [read post]
18 Sep 2012, 1:02 am
Second, on September 17, 2012, the Sixth Circuit, applying Ohio law, affirmed the district court’s entry of summary judgment in favor of the excess insurer, holding that the excess insurer’s policy limit had not been triggered when the insured, Goodyear Tire and Rubber Company, had reached a compromise with the primary carrier in which the primary carrier had paid less than its full policy limit. [read post]
2 Sep 2014, 9:11 am
Highlands Insurance Company in Receivership. [read post]
30 Jan 2024, 1:19 am
A US court held in January 2024 that where the coverage provided by one insurer “shall be in excess over any other valid and collectable insurance available to the Insured … unless such insurance is written only as specific excess insurance over the limit of liability provided in this policy” did not overlap with a policy that provided “primary insurance”. [read post]
24 Jul 2022, 7:48 pm
Key Policy Terms Condition 2 of the Excess Policy specifies that: This Policy is subject to the same terms, conditions, limitations, and exceptions (except as regards the premium, the amount and limits of liability, any deductible or self-insurance provision, the obligation to investigate and defend and the renewal agreement (if any) as are contained in the Primary Policy. [read post]
9 Jan 2009, 6:22 am
July 31, 2008), the insurance companies that sold HTLH Corp. multiple directors and officers insurance policies tried to limit their obligation to pay defense costs by asking the Delaware Superior Court to apply a pro rata allocation of defense costs. [read post]
2 Oct 2011, 10:00 pm
Unfortunately for the company’s former directors and officers, the first and fourth excess layers were provided by Reliance Insurance Company, and the third and sixth level excess insurance was provided by The Home Insurance Company. [read post]
26 Mar 2017, 6:29 am
The Act creates a Guaranty Association for the purpose of paying unpaid claims, including those of third-party liability claimants that arise out of and are within the insured’s coverage, but not in excess of the insured’s applicable policy limits. [read post]
5 Jun 2013, 1:33 am
Commodore had a D&O insurance program with total limits of $51 million, arranged in nine layers, consisting of a primary layer of $10 million and eight excess layers in varying amounts. [read post]
15 May 2009, 4:05 am
In Dunlop Haywards (DHL) and Erinaceous Commercial Property Services Limited v Erinaceous Insurance Services Limited, Lockton Companies International Limited and MSI Corporate Capital Limited and others [2009] EWCA Civ 354, the Appellant insurance broker (Erinaceous Insurance) appealed against a decision of the High Court (see previous blog post) not to allow the Respondent excess insurers to be joined as… [read post]
3 Apr 2010, 6:46 am
American Centennial Insurance Company (American) had coverage from $1 million to $4 million and First State Insurance (First State) had insurance from $100,000 for $1 million and were the excess insurance companies. [read post]
20 Aug 2015, 6:00 am
Tully Construction Company obtained a New York workers compensation/employers liability (WCEL) from Zurich American Insurance Company and a commercial umbrella liability insurance policy from Illinois National Insurance Company. [read post]
17 Jul 2013, 1:37 am
A company’s D&O insurance will often involve multiple layers of insurance, usually composed of a layer of primary insurance and one or more layers of excess insurance above the primary layer. [read post]
27 Jun 2016, 9:57 am
The general rule with excess insurance is that it can’t be broader than the underlying policy, but it can create higher limits. [read post]
27 Jun 2016, 9:57 am
The general rule with excess insurance is that it can’t be broader than the underlying policy, but it can create higher limits. [read post]
