March 06, 2015 6:43 AM ET

Insurance

Company Overview of United States Fidelity and Guaranty Company, Inc.

Company Overview

United States Fidelity and Guaranty Company, Inc. provides property and casualty insurance solutions. The company was incorporated in 1896 and is based in St. Paul, Minnesota. United States Fidelity and Guaranty Company, Inc. operates as a subsidiary of St. Paul Fire and Marine Insurance Company Inc.

385 Washington Street

St. Paul, MN 55102

United States

Founded in 1896

Phone:

651-310-7911

Fax:

860-277-7002

Key Executives for United States Fidelity and Guaranty Company, Inc.

United States Fidelity and Guaranty Company, Inc. does not have any Key Executives recorded.

United States Fidelity and Guaranty Company, Inc. Key Developments

United States Fire Insurance Provides an Update on the Action to Recover a Portion of Costs from Arrowood Indemnity Co. and United States Fidelity and Guaranty Co

The California Court of Appeal held that a trial court did not abuse its discretion in apportioning defense and settlement costs in actions alleging asbestos-related injuries. United States Fire Insurance Company Inc. (U.S. Fire) paid various costs in defending and settling seven suits filed by employees who alleged injuries from asbestos exposure while working at Union Electric Co. facilities. U.S. Fire then brought an action to recover a portion of these costs from Arrowood Indemnity Co. and United States Fidelity and Guaranty Co. (U.S. F & G). The main issue throughout the litigation was the effect of an indemnity agreement on Arrowood and U.S. F & G's obligations to contribute to defense and settlement costs. Following a bench trial, the trial court agreed that Arrowood and U.S. F & G were responsible for a portion of the costs and calculated their share to be $177,715. The amounts were identical to the apportionment proposed by Arrowood and U.S. F & G, which was based on the duration of each employee's work at each Union Electric plant; whether the employee's work was performed before or after the effective date of relevant safety regulations-when the use of asbestos became less widespread; and whether the employee's exposure occurred while repairing existing plants or while working on new plant construction, which typically involved greater risk of harm. U.S. Fire appealed. The court of appeal affirmed the trial court's judgment. In so ruling, the court of appeal rejected U.S. Fire's argument that the amount of $177,715 was too low and that the trial court misapplied principles of insurance law by limiting Arrowood and U.S. F & G's liability on the basis of contractual indemnity provisions. Trial courts have great latitude in apportioning defense and settlement costs in contribution actions and U.S. Fire failed to demonstrate that the trial court improperly apportioned them in this case.

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