Working with our broker partner, New Day structured a $10 million/$10 million Contractors Pollution Liability program for an $800,000,000 contractor.  The $150,000 premium was minimal compared to their overall revenue.  The program was structured to include transportation, non-owned disposal site coverage and pollution coverage for their owned locations.  In addition, it included occurrence mold liability […]

New Day’s broker partner sought our help to compete on a new opportunity.  The insured was a $40,000,000 commercial contractor performing at-risk construction management and design/build services.  New Day structured a Professional Liability (PL)/Contractor’s Pollution Liability (CPL) program that included coverages that the incumbent broker did not include, such as Mitigation of Damages coverage, Emergency […]

New Day’s broker partner provided New Day authorization to work on this renewal business with incumbent carriers as well as other markets.  The insured has a very complex ownership structure and provides a variety of traditional construction/excavation as well as environmental services.  On this account there were few competitive alternatives to the incumbent carriers for […]

Working with our broker partner on this new business, New Day structured a combined Contractor’s Professional/Contractor’s Pollution Liability (CPrL/CPL) program for this $50,000,000 design/build firm specializing in building envelope cladding systems, including prefabricated EIFS panel systems.  When contractors are involved in manufacturing, fabrication and/or EIFS, many professional liability underwriters will not offer terms because of […]

One of our retail broker partners came to us with $125,000,000 commercial office project.  The design-build contract required $10,000,000 in professional liability limits – higher than typical for this size and type of project.  While the traditional markets were providing indications of $350,000 to $450,000 premium, New Day was able to secure a program for […]

While working with our broker partner, New Day was tasked with placing a practice pollution, professional and general liability (CPL/CPrL/CGL) insurance program for an environmental remediation firm that had previously been placed direct with the carrier. The projected revenues were expected to remain flat and operations were also expected to remain the same as the […]

New Day successfully secured Professional and Pollution Liability coverage for an At-Risk Construction Management firm that was non-renewed by their professional liability carrier.  The firm had been non-renewed as a result of adverse claims experience, with two large claims reported over the past 5 years that had seen some negative development.  New Day sought out […]

New Day worked with a large firm that acquires manufacturing and industrial sites that align with their business plan.  Supporting three separate transactions, New Day worked with a number of environmental site assessment Phase I and Phase II reports and other documents and investigations, then negotiated with engineers and underwriters at competing carriers to laser […]

New Day, working with our retail broker partner, was tasked with placing project professional liability insurance for a design/build contract on a commercial building project. The owner required $10 million in limits but no dedicated limit requirement for the project.  The construction firm was purchasing a practice program with a $5 million limit and planned […]

Source: http://www.spokesman.com, September 4, 2014 By: Becky Kramer A company that operated more than 20 mines in Idaho’s Silver Valley over the past century can sue a railroad that hauled ore to try to recover some of the hundreds of millions of dollars it has paid for environmental cleanup, a federal appeals court ruled. Five years […]

Source: http://www.enewspf.com, September 4, 2014 Under a proposed settlement reached with the United States and the state of Indiana, the Atlantic Richfield Company and E.I. Du Pont de Nemours and Co. (DuPont) will pay for an estimated $26 million cleanup of lead and arsenic contamination in parts of a residential neighborhood in East Chicago, Indiana, […]

Source: http://www.lexology.com, September 3, 2014 By: John R. Casciano and Jessica L. Urban, Steptoe & Johnson LLP In Arrowood Indemnity Company v. Oxford Cleaners & Tailors, LLC, No. 1:13-12298, 2014 WL 4104169 (D. Mass. Aug. 15, 2014), the United States District Court for the District of Massachusetts, applying Massachusetts law, granted summary judgment to a liability […]