Zurich American Insurance Company is a commercial liability, property, and casualty insurance provider. Its solutions cover absence health, accident and health, benefits, builders risk, captives, commercial automotive, credit and political risk, crime, directors and officers, employment practices liability, and environmental. The company’s solutions also cover excess umbrella, fiduciary liability, fleet intelligence, general liability, international, professional liability, property, security and privacy, surety, workers' compensation, casualty, energy, equipment breakdown, equipment breakdown reinsurance, integrated programs, marine, private equity, life, and disability. In addition, it pro...
1400 American Lane
Schaumburg, IL 60196
Founded in 1912
The New York Supreme Court's Appellate Division Upholds Ruling in Sandy-Related Suit Against Zurich American Insurance Co
Jul 10 15
The New York Supreme Court's Appellate Division upheld a June 2014 Supreme Court ruling in a lawsuit against Zurich American Insurance Co. over refusal to pay losses related to Hurricane Sandy. El-Ad 250 West LLC sued the company in August 2013 seeking to recover delay in completion losses of $20 million, saying it could not complete its 250 West high-rise project because of the storm. The appellate court, however, said the $5 million cap mentioned in the insurer's policy document applied to all damages, including delay in completion losses. In June 2014, the state's Supreme Court had granted Zurich American Insurance's motion for partial summary judgment and capped the amount payable for delay in completion losses at $5 million.
Zurich American Insurance Co. and American Guarantee and Liability Insurance Co. Announces lawsuit Update
Nov 30 14
Zurich American Insurance Co. and American Guarantee and Liability Insurance Co. are the defendants in a lawsuit alleging the insurers failed to cover a hotel operator sued in an underlying invasion of privacy class action. Zurich American issued a commercial general liability policy to InterContinental Hotel Group Resources Inc. with a $20 million policy limit. American Guarantee issued an umbrella liability policy to Intercontinental. Intercontinental was named as a defendant in a 2012 class action lawsuit alleging the hotel's call center recorded telephone calls originating from customers in California without the customers' consent in violation of state law. The underlying plaintiffs seek damages for violation of privacy. The complaint alleges the insurers failed to indemnify and defend Intercontinental and asserts claims for breach of contract. The plaintiff also seeks a declaratory judgment that the insurers have a duty to defend and indemnify Intercontinental in the underlying lawsuit.
Zurich North America Appoints Mark Shults as Regional Executive for the South Region in Marketing, Distribution and Regional Management
Nov 12 14
Zurich North America has appointed Mark Shults as regional executive for the South region in marketing, distribution and regional management. Shults is based in Atlanta. He previously served as the Houston area executive.