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RT Specialty is proud to welcome All Risks to the RSG family effective September 1st, 2020!

RT ECP News Center

July 21, 2010

Chinese Drywall Maker Says It Is in Talks With Builders

Wall Street Journal (04/28/10) P. A8; Wotapka, Dawn; McQueen, M.P. At least one Chinese drywall maker that produced tainted gypsum board now burdening U.S. homeowners with health issues and property problems has signaled its willingness to settle claims with American builders. The inferior material was brought in from China to replenish a shortage of domestic […]

July 21, 2010

Ma Nature's Next Hissy Fit

Claims Magazine (06/10); Brownlee, Ken Ken Brownlee discusses the plethora of natural disasters throughout the U.S. as well as the ins-and-outs of being prepared with the proper insurance. Central New England recently faced a bout of devastating floods, and Brownlee expects that most residents did not have flood insurance. As a result, the cash-strapped states […]

July 21, 2010

Camp Enhancement

Pollution Engineering (06/10) Vol. 42, No. 6, P. 31; Zeller, Stephen N.; Ambulkar, Archis Dredging is the process of extracting sediment material from waterway beds, and common techniques of sediment removal from lakes include draining and excavating the lake, mechanical dredging, and hydraulic dredging. The hydraulic dredging process entails removing and transporting waterways material via […]

July 21, 2010

US Green Building Standards Ignore Air Quality, Says Report

Building Design (06/10), Winston, Anna A May report from Environmental & Human Health Inc. indicates that LEED-certified buildings may be contributing to toxic indoor environments, as the highest “platinum” rating can be achieved without credits for indoor air quality protection.  According to the report, LEED Certification: Where Energy Efficiency Collides With Human Health, “[The LEED […]

July 21, 2010

Breaking Down the Risk-Assessment Process

Compliance Week (06/15/10), Thompson, Louis M. In order to examine risk assessment in general, one must see how companies have developed their risk-assessment process. Most tend to follow legal and regulatory requirements relevant to their industry and standards from the Sarbanes-Oxley Act.  Risk assessment has evolved to a large number of people with responsibility having the […]

July 21, 2010

XL Policy for BIM Coverage

Contractors are increasingly using Building Information Modeling (BIM) to generate and manage building data during a building’s life cycle.   BIM uses three-dimensional, real-time dynamic building modeling software to produce a computer model, essentially constructing a virtual building before mobilizing to a construction site.  This can save both time and money by detecting and correcting conflicts early.  XL’s […]

July 20, 2010

XL Presents Fuel Leak Claim Example

XL Insurance’s insured, a mechanical contractor, was retained as a subcontractor during construction of a medical center.  The insured subcontracted the underground storage tank (UST) installation, fuel line connections to the existing building, and associated engineering work to another contractor.  Part of that subcontracted work included removal of soil that was initially placed over the […]

July 19, 2010

XL Offers Pollution Coverage for Construction Clients

Fast quotes and easy renewal certificates are just two of the benefits your construction clients may realize with a Contractor’s Pollution Liability Policy from XL Insurance.  XL offers protection for your construction clients with $25 million or less in revenue from costly mold claims and other pollution losses quickly and more efficiently.  XL’s streamlined approach features: 24-hour […]

July 15, 2010

"Oilicane" in the Gulf?

As we continue to watch the environmental disaster unfold in the Gulf of Mexico, the final impact to the environment, property, and human health has not even begun to unfold.  According to Advisen,  as of July 9, 2010, 13 organizations including BP plc, Transocean, Andarko Petroleum, Cameron, and Halliburton, are named in loss events in […]

July 14, 2010

Renewal Time Crunch

New Day’s broker partner won a large chemical manufacturer/blender account several weeks before renewal. The challenge was to renew a manuscripted site pollution liability policy that included cost cap coverage for a remediation site. With time a concern, New Day conducted a detailed review of the coverages and the remediation project. Working with the carrier, […]

July 14, 2010

New Day and Broker Help Consolidate and Standardize Contractor Coverage

New Day’s broker partner was competing for new business that involved a large contractor consisting of a few entities that had merged through the years. The expiring coverage was a hodge-podge of mono-line professional liability for one entity, combined pollution/ professional coverage for another entity, and neither professional nor pollution coverage for the last entity. […]

July 12, 2010

Home Builder Ordered to Pay to Resolve Clean Water Act Violations

A nationally recognized home builder was recently fined $1 million in Clean Water Act violations at nearly 600 construction sites in 18 states and the District of Columbia. The company was also ordered to implement a stormwater compliance program to improve their “compliance with stormwater run-off requirements at existing and future construction sites.  (Source: http://washington.bizjournals.com) The […]

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