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May 04, 2015 9:37 PM ET


Company Overview of Virginia Surety Company, Inc.

Company Overview

Virginia Surety Company, Inc. provides property and casualty insurance services. Virginia Surety Company, Inc. was formerly known as Combined Specialty Insurance Company, Inc. and changed its name to Virginia Surety Company, Inc. in April 2003. The company was founded in 1927 and is based in Chicago, Illinois. Virginia Surety Company, Inc. operates as a subsidiary of The Warranty Group, Inc.

175 West Jackson Boulevard

11th Floor

Chicago, IL 60604

United States

Founded in 1927





Key Executives for Virginia Surety Company, Inc.

Virginia Surety Company, Inc. does not have any Key Executives recorded.

Virginia Surety Company, Inc. Key Developments

Hartford Fire Insurance Co. Files Lawsuit against Virginia Surety Co

Hartford Fire Insurance Co. filed a lawsuit alleging that it does not owe coverage several class action lawsuits alleging Virginia Surety Co. engaged in an illegal scheme. According to the lawsuit, Hartford provided commercial general liability insurance to Virginia Surety. Virginia Surety became the defendant in multiple underlying cases alleging fraud in connection with the issuance of disability policies. The underlying plaintiffs allege they are entitled to the return of permiums paid to Virginia Surety because the disability policies they purchased were illusory and the premiums paid were excessive and illegal because the plaintiffs derviced no benefit from the policies. Virginia Surety tendered the defense of those claims to Hartford. Hartford alleges that several exclusions apply to prevent there from being any coverage for Virginia Surety in the underlying claims, including exclusions for criminal acts, intended injury, breach of contract and knowledge of falsity.

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