C.V. Starr to Manage New Chubb Construction Liability Program
New York-based C.V. Starr & Co. has created a facility to underwrite project specific liability coverage in the residential construction business.
The facility will provide coverage excess of a minimum retention of $100,000 per occurrence or homeowner’s action on either a wrap-up or non- wrap-up basis.
Headquartered in San Francisco, the new facility will act as a program manager on behalf of the Chubb Group of Insurance Companies for a product designed for states with “notice or opportunity to repair” laws.
Source: C.V. Starr & Co., Inc.
Popular Today
- Hershey Attacks Lawsuits Targeting Product Packaging, Seeks to End Reese’s Case
- New York City’s Biggest Taxi Insurer Is Insolvent, Risking Transit Meltdown
- Drought Shrivels the Mississippi River and Threatens to Disrupt US Food Exports
- Underwriters Wary of PFAS Amid ‘Superstorm’ of Litigation, Regulation