Company Overview of American Home Assurance Company, Inc.
American Home Assurance Company, Inc. provides property and casualty insurance products. It offers unrivaled catastrophic risk-transfer solutions, and workers' compensation programs to small and mid-sized businesses. The company also provides extended services contract programs for consumer electronics, appliance, and computer retailers and manufacturers. In addition, it operates as a singular resource for wholesale brokers seeking commercial umbrella, and excess casualty insurance for specialty and difficult-to-place risks. American Home Assurance Company, Inc. serves construction, public entities, transportation, educational institutions, and general businesses. The company was founded in ...
175 Water Street
New York, NY 10038
Founded in 1899
Key Executives for American Home Assurance Company, Inc.
President of AIG Specialty Workers' Compensation
Compensation as of Fiscal Year 2014.
American Home Assurance Company, Inc. Key Developments
Archdiocese Sues Continental, Firemen's Fund, National Fire of Hartford, TIG, Continental Casualty, Hartford Accident and Indemnity, American Home Assurance and Aetna Casualty and Surety at Paying Abuse-Settlement Claims
Nov 26 14
The Archdiocese of St. Paul and Minneapolis is suing eight insurance companies that it says are improperly rejecting claims to cover the cost of the church's settlement with victims of clergy sex abuse. Church leaders were counting on insurance to help pay victims of sex abuse, but the companies have told the Archdiocese that the incidents are not "accidents" and aren't covered. The insurers named in the suit, filed in U.S. District Court, are Continental, Firemen's Fund, National Fire of Hartford, TIG, Continental Casualty, Hartford Accident and Indemnity, American Home Assurance and Aetna Casualty and Surety. They haven't responded to the lawsuit yet. The Archdiocese agreed to a legal settlement with victims groups in October; financial terms weren't disclosed but are expected to be in the millions of dollars.
Dismissal of Claims Against Insurer over Reimbursement of Repair Costs Denied
Apr 7 14
The U.S. District Court for the District of Maryland declined to dismiss an insured's claims against an insurer regarding reimbursement of repair costs incurred in settling underlying suits involving defective work. American Home Assurance Co. brought an action against KBE Building Corp., seeking a declaratory judgment that the insurance policies it issued to KBE did not require American Home to indemnify KBE for costs incurred in remediating allegedly defective work at two worksites at which KBE was the general contractor or for amounts KBE paid pursuant to settlement agreements with the owners of those worksites. KBE filed a counterclaim against American Home seeking a declaratory judgment that the insurance policies covered the claims, as well as damages under several contract, quasi-contract and tort theories. American Home moved to dismiss KBE's counterclaim. The district court denied American Home's motion as to KBE's promissory estoppel and quantum meruit claims. The court agreed with American Home that KBE could not recover on quasi-contractual grounds if there was an express contract governing the claim. However, where the terms of a contract are in dispute, parties can make alternative pleadings with both contractual and quasi-contractual theories. That was what KBE did in this case. KBE claimed it and American Home entered into a contract in November 2009 under which KBE was entitled to payment for its remediation efforts. American Home disputed the existence of the November 2009 contract and disputed that the insurance policies covered the reimbursements KBE sought. If no valid contract was formed or the existing insurance policies did not cover the work for which KBE sought reimbursement, KBE could still be able to recover on a quasi-contractual theory. It was thus not appropriate to dismiss KBE's quasi-contractual claims simply because KBE also pleaded contractual claims. The district court also denied American Home's motion as to KBE's breach of the covenant of good faith and fair dealing and negligence claims. Because the outcome likely differed depending on which state's law controlled, the district court had to conduct a choice of law analysis before deciding if KBE stated a claim. The court found such an analysis would be better served after discovery ended.
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