Company Overview of Philadelphia Indemnity Insurance Company
Philadelphia Indemnity Insurance Company engages in designing, marketing, and underwriting commercial property and casualty, and management and professional liability insurance products. The company was founded in 1927 and is based in Bala Cynwyd, Pennsylvania. Philadelphia Indemnity Insurance Company operates as a subsidiary of Philadelphia Consolidated Holding Corp.
231 Saint Asaphs Road
Bala Cynwyd, PA 19004
Founded in 1927
Key Executives for Philadelphia Indemnity Insurance Company
Founder and Chairman Emeritus
Compensation as of Fiscal Year 2014.
Philadelphia Indemnity Insurance Company Key Developments
First Mercury Insurance Co. Files Lawsuit Against Philadelphia Indemnity Insurance Co. Seeking Equitable Contribution
Sep 29 14
First Mercury Insurance Co. filed a lawsuit against Philadelphia Indemnity Insurance Co. seeking equitable contribution in connection with an underlying lawsuit arising from a fatal shooting. The complaint alleges First Mercury provided commercial liability insurance to ChainStar Security Inc. Philadelphia provided commercial liability insurance to Aron Security Inc. ChainStar entered into a contract with Love's Travel Shops and Country Stores to provide security guard management for a Dayton, Ohio, location. Aron, in turn, agreed to provide security guards to ChainStar for the assignment. Both security companies became defendants in a lawsuit involving a shooting at the store in December 2013. First Mercury has been providing coverage in the underlying shooting case. Philadelphia refused to do so. The lawsuit seeks a declaration that Philadelphia also owes coverage for the underlying event.
Yoga Guru Sues Philadelphia Indemnity Insurance Company, Lexington Insurance Company, Scottsdale Insurance Company, Inc. and Nationwide Mutual Insurance Company, Inc. for Failing to Defend Sexual Harassment Lawsuits
Jul 28 14
A lawsuit filed by Bikram's Yoga College of India L.P. and Bikram Choudhury Yoga Inc. (collectively, Bikram Yoga) had commercial liability insurance policies at different times with Philadelphia Indemnity Insurance Co., Lexington Insurance Co., Scottsdale Insurance Co. and Nationwide Mutual Insurance Co. Bikram Yoga and Choudhury became defendants in several lawsuits alleging sex discrimination, sex harassment and sexual assault that potentially fell within the coverage provided by the defendant insurance companies. The lawsuit alleges that the insurers failed to defend Bikram Yoga and Choudhury and that such failure amounted to breach of contract and unfair business practices. Lexington filed a notice to remove the lawsuit to the U.S. District Court for the Central District of California.
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