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.