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

RT ECP: Success Stories

September 12, 2014

New Day provides enhanced coverage to large firm that purchases industrial facilities

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 […]

September 12, 2014

New Day saves construction firm significant money on project professional liability policy

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 […]

January 9, 2013

International Remediation Contractor with high loss ratio gets flat renewal

New Day recently established a new broker relationship in which the insured, an International remediation contractor, was new to our partner broker via Broker of Record (BOR).  The broker partner came to New Day seeking renewal solutions.   The insured had a high loss ratio and thought they had the broadest coverage since the account […]

January 9, 2013

New Day Successfully Places OPPI Policy

New Day successfully placed an Owner’s Protective Professional Indemnity (OPPI) policy for a public power company, who is building a $360 million power plant consisting of four natural gas turbines.  The Insured is the owner and construction manager of the design/build project, with a nationally-respected lead design firm charged with all design tasks.  The General […]

October 4, 2012

New Day Successfully Places GL/Pollution/Professional Policy

  A new broker partner had previously placed coverage with an established environmental carrier for GL/Pollution/Professional and Excess on an environmental contractor. The carrier was non-renewing due to the class of business. Our partner broker asked if New Day could market the renewal on their behalf even though there was only two weeks before the […]

April 27, 2012

New Day Policy Analysis Results in New Business for Retail Broker

A new broker partner asked New Day to review a current Contractor’s Pollution Liability (CPL) policy for which the broker was competing for the Insured’s business. New Day’s analysis of the CPL policy revealed several deficiencies. Although coverages for the deficiencies may be available in the marketplace they were not included in the current policy. […]

April 27, 2012

Contractors Protective Professional Indemnity (CPPI) Placement

New Day partnered with the retail broker and the insured to enhance an existing Contractor’s Protective Professional Indemnity (CPPI) policy. This teamed approach involved New Day and our broker partner meeting and working with the Insured on several contracting and coverage issues. New Day’s efforts included the following: Assessing the previous coverage Making recommendations on […]

April 27, 2012

New Day Develops Combined Environmental Casualty and Excess Program

Our broker partner was awarded the business for a large waste management/composting company. The existing program was with an environmental market who added an Odor Exclusion to the environmental policy after complaints were received and an investigation was conducted by the local regulatory agency. At the same time, the Insured installed a state-of-the-art odor monitoring […]

April 27, 2012

New Day Policy Review Results in Coverage Enhancements At Reduced Rate

New Day was asked by the retail broker to review the current combined professional liability/pollution liability policy for a large mechanical contracting client, suggest coverage enhancements and market the account at renewal to ensure that the client received the broadest coverage at the best price. The retail broker advised which carrier’s were previously approached for […]

July 11, 2011

New Day Negotiates CPL Coverage for New Broker Partner

New Day was authorized to negotiate a Contractor’s Pollution Liability renewal on behalf of a new broker partner. The incumbent carrier is an experienced market and provided a very competitive program on the expiring program – in terms of premium. But the coverage was mostly ‘off the shelf.’ During renewal negotiations, New Day requested enhancements […]

July 11, 2011

New Day Seeks Coverage Enhancements for Owner's Representative

New Day Underwriting Managers was asked by our retail broker to review the current policy for an insured that acted as an owner’s representative for their clients to ensure that their construction projects were completed on schedule and within budget. The insured worked with many higher profile clients and projects. The current insurance program included […]

July 11, 2011

New Day Negotiates Enhanced Coverage At No Additional Cost

New Day was asked by one of our clients to assess a combined Pollution Liability (PL)/ Contractor’s Pollution Liability (CPL) program for an international construction firm which they controlled. New Day provided the assessment to the client and discussed the major issues including, among others: Lack of occurrence-based CPL coverage Lack of rectification coverage Lack […]

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