Acknowledgement to Great American Insurance Group CINCINNATI–(BUSINESS WIRE)– Yesterday Standard & Poor’s Rating Services raised its financial strength ratings for AFG’s core insurance subsidiaries to ‘A+’ from ‘A’. At the same time, S&P raised its counterparty credit rating on American Financial Group to ‘BBB+’ from ‘BBB’. The outlook on all of these companies is stable.

A university with a number of locations spread across one state in the U.S. as well as locations in Europe and Asia owns buildings comprising their campus. Many of the buildings are old, with some dating back to the early 1800s. Working with the retail broker and an environmentally savvy risk manager, New Day gathered […]

Two years ago, our partner broker called us in a panic as their insured was not being renewed due to losses from their carrier who provided Professional/Pollution coverage. The retail broker obtained a 30 day extension while New Day sought solutions in the marketplace. One carrier agreed to offer Professional/Pollution terms. Coverage was bound with […]

New Day was retained to design an Environmental Casualty and Legacy Pollution Legal Liability program for a private equity firm who purchased 3 oil & gas waste companies that operated out of 18 different locations in 3 states. Due to the complexity of the deal and the challenging environmental exposures, New Day conducted extensive marketing […]

A group of courthouse workers in Pennsylvania went to mediation for the second time over a claim that the workers’ “health was jeopardized by the company hired to remove tons of pigeon dung from the courthouse beginning in 2004.” The suit claims that the environmental firm involved was negligent in the manner in which it […]

With the economy in a downturn and real estate prices down, many colleges are taking advantage by purchasing cheap land for expansion. University of Dayton in Ohio, University of Delaware, and Columbia University are just some examples. Colleges realize that investing in real estate may be risky but some say “the benefits outweigh the risks.” […]

After finding several federal violations regulating the generation, transportation, treatment, storage and disposal of hazardous waste, Washington University in St. Louis was fined $15,000. The University is also responsible for cleaning up the St. Louis high school labs as part of the settlement agreement. This clean up is expected to cost the university at least […]

After 15 surgeries, 2 months in the hospital, and 4 years later, an Olympia, WA man settled a $2 million, dangerous highway design lawsuit against the Washington State Department of Transportation (WADOT). The man’s critical injuries occurred after crashing his motorcycle while turning left at a highly controversial intersection. Although safety officials and state studies […]

Publication Date:  09/02/2010 Source:  Marketwatch SAN FRANCISCO (MarketWatch) — When dogs bite people, insurers often pay. But what happens when bed bugs bite? Bed bug infestations in the U.S. have multiplied at an alarming rate in recent years. A recent survey of almost 1,000 pest exterminators found that 95% of the firms had dealt with […]

After three years of environmental litigation, a Trust in Indiana was awarded $4.3 million in cleanup costs for two sites contaminated with lead and polychlorinatedbiphenals (PCBs).  The Trust filed the suit in 2007 under the Comprehensive Environmental Response, Compensation, and Liability Act (CERCLA) and the Indiana Environmental Legal Action (ELA) statute for cleanup costs for the […]

Acknowledgement to Great American A utility contractor was subject to clean-up costs after vandals opened an on-site mobile refueling tank causing diesel fuel to be released onto virgin soil.

Acknowledgement to Great American A utility contractor left an unfinished concrete vault open over the weekend. Heavy rains washed away sediment controls allowing sand and silt to be released from the unfinished vault into the adjacent bay. The contractor was subsequently fined by a regulatory agency for natural resource damage resulting from the release of […]