Construction defect litigation: courts' fragmented rationales regarding coverage for contractor's faulty workmanship.
In Boston, Massachusetts, the Central Artery Tunnel Project, also known as the "Big Dig," is considered an engineering marvel. Designers and contractors encountered many challenges including adverse soil conditions, confined work spaces, and proximity to office towers and historical buildings, while trying to construct an underground expressway beneath an...

Texas high court prevents insurers from backpedaling on coverage for accidental property damage.
Texas high court prevents insurers from backpedaling on coverage for accidental property damage The Texas Supreme Court handed subcontractors, home builders and others in the construction industry a precedent-setting victory in an Aug. 31, 2007, decision concerning the coverage provided by a common type of commercial general...

Joint Venture Goss LLC to Offer Coverage for Automotive Suppliers.
Comprehensive Insurance Package Satisfies Auto Manufacturers' Requirements for Minority Participation TRAVERSE CITY, Mich., Aug. 7 /PRNewswire/ -- The Goss Group, Inc., Marsh Inc. and the GMAC Insurance Group today announced they have established a joint venture company, Goss LLC, to serve the specific...

Risk primer: the quiet erosion of coverage.
The insurance market crisis that began in 2001 has continued through 2002 and there are those in the industry who believe the crisis will continue, or want it to. On June 6, at the Sanford C. Bernstein's Strategic Decisions Conference in New York, Maurice R. Greenberg, chairman and chief...

National Atlantic's Codella Elected Vice Chairman of New Jersey Automobile Insurance Territorial Rating Plan Advisory Commission.
FREEHOLD, N.J., Nov. 3 /PRNewswire-FirstCall/ -- National Atlantic Holdings Corp. today announced that Cynthia L. Codella, Executive Vice President and Secretary, was elected Vice Chairman of the Automobile Insurance Territorial Rating Plan Advisory Commission in New Jersey. The Commission has been established to review insurer data and...

Special insurance. (Products & Services).
The Chubb Group of Insurance Cos. has developed insurance for small to midsized firms seeking insurance protection from intellectual property and communications lawsuits. Reputation Injury and Communications Liability is designed to protect against copyright and trademark infringement, libel or slander, product disparagement, violations of the rights of privacy and...

Holiday party hosts are liable for drunks.
If Grandma got run over by a reindeer, you had better hope the reindeer was not drinking at your holiday party. If a guest or third party is injured in an alcohol-related accident, and the drinking can be linked to your party, you could be held responsible--this includes paying...

Dining deals.
Byline: Amit Jain Cholamandalam MS General Insurance (Chola MS), a Chennai-based joint venture between the Murugappa Group and Mitsui Sumitomo Insurance Group of Japan has today announced the launch of its Hotel and Restaurant Package Policy - Chola Hotel Insurance - a unique product catering to the...

Manila traders chide barangay heads for acting as insurance agents.
Byline: REDEN VIAJE Manila businessmen yesterday urged Manila Mayor Lito Atienza to prohibit barangay officials from acting as insurance agents, selling insurance policies in exchange for the issuance of barangay clearances. Barangay clearance and compulsory coverage of public liability insurance or the comprehensive general liability...

ProCentury Corporation Declares Dividend of $0.04 per Share.
COLUMBUS, Ohio, Nov. 15 /PRNewswire-FirstCall/ -- ProCentury Corporation , a specialty property and casualty insurance holding company, today announced that its Board of Directors has approved a cash dividend of $0.04 per share. The dividend will be payable on December 20, 2006 to stockholders of record on November 29,...