A group of four families in the Baltimore, Maryland area were recently awarded almost $400 thousand to be paid by an oil company that a jury has held responsible for “polluting water wells with a hazardous gasoline additive.” Methyl tertiary butyl ether (MTBE), the additive found in the wells, is suspected to be a carcinogen. […]
New Day was working with a broker partner who had taken over a placement on a large petroleum product tank farm. At the time that New Day became involved there were two policies in place – the primary and the excess. New Day was tasked with placing the excess portion. Located in a waterway in […]
New Day Underwriting Managers was retained by the retail broker for its expertise in construction and remediation to place a project-specific Owner’s-Controlled Insurance Program (OCIP) for a luxury condominium project that contained contaminated Chinese drywall. An intensive marketing effort was conducted to secure the desired coverage. A number of carriers declined this coverage due to […]
Chartis Environmental has introduced the first significant update to its Pollution Legal Liability (PLL) Select Policy Form in six years. This form may be used with a wide variety of industrial, commercial, and habitational real estate risks. The updated form provides coverage flexibility by offering a menu of coverage options that can be selected by the insured including […]
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