Company Overview of St. Paul Fire and Marine Insurance Company Inc.
St. Paul Fire and Marine Insurance Company Inc. is a property and liability underwriter that offers property-liability products and services and underwriting operations. The company was founded in 1853 and is based in Saint Paul, Minnesota. St. Paul Fire and Marine Insurance Company Inc. operates as a subsidiary of The Travelers Companies, Inc.
385 Washington Street
Saint Paul, MN 55102
Founded in 1853
Key Executives for St. Paul Fire and Marine Insurance Company Inc.
St. Paul Fire and Marine Insurance Company Inc. does not have any Key Executives recorded.
St. Paul Fire and Marine Insurance Company Inc. Key Developments
Pacific Indemnity Co. Files Lawsuit Against St. Paul Fire & Marine Insurance Co. in Connection with an Underlying Case for Pollution Damages
Feb 17 14
Pacific Indemnity Co. filed a lawsuit against St. Paul Fire & Marine Insurance Co. in connection with an underlying case for pollution damages. Pacific's lawsuit alleges St. Paul issued a policy to Bryan C. Wagner. Wagner allegedly agreed to indemnify ExxonMobil in connection with certain pollution damages. ExxonMobil alleged Wagner failed to meet those obligations. Pacific also issued a pollution policy to Wagner Oil Co., but claims the St. Paul policy is primary. Accordingly, it seeks a declaration that St. Paul owes coverage and should provide a defense in the underlying case.
U.S. District Court for the District of Colorado Denies Motion for Summary Judgment Brought by Oakland Construction against its Liability Insurers
Jun 24 13
The U.S. District Court for the District of Colorado denied a motion for summary judgment on state law claims brought by a general contractor insured against its liability insurers following settlement of underlying claims brought against the insured in connection with its construction of a residential and commercial project. The liability insured was a first-party claimant entitled to pursue a claim for dilatory claims handling under a state statute. Oakland Construction Co., the general contractor for the RiverGate Loft Condominium project, was sued in connection with the project. Okland tendered defense and indemnity of the action to its insurers, Phoenix Insurance Co., Travelers Indemnity Co. of America, St. Paul Fire and Marine Insurance Co., St. Paul Surplus Lines Insurance Co. and Travelers Property Casualty Co of America (collectively, the insurers). The insurers defended Okland and the action was settled for $11.5 million. The insurers paid $4 million of this amount, and Okland paid the remaining $7.5 million. Okland then sued the insurers for breach of contract and bad faith based on the insurers' alleged unfair claims settlement practices. The case came before the court on the insurers' motion for summary judgment on Okland's statutory claims. The district court rejected the insurers' contention that the statute on which Okland based its claim did not apply under the circumstances of the case.
St. Paul Fire and Marine Insurance Co Fails to Secure a Written Rejection of Underinsured Motorist (Um) Coverage from the Insured as Required Under Applicable Georgia Law
Jun 3 13
The Georgia Court of Appeals affirmed a trial court's judgment in favor of an employee of a business auto insured in an action by the employee against the insurer for wrongful denial of a claim for UM benefits. The insurer failed to secure a written rejection of underinsured motorist (UM) coverage from the insured as required under applicable Georgia law. On July 1, 2005, St. Paul Fire and Marine Insurance Co. issued a one-year $8 million commercial umbrella liability policy to Townsend Tree Service Co. Inc. The policy, which was issued in Indiana, excluded UM coverage. St. Paul was licensed in Georgia and there was no written rejection of UM benefits for the policy. On Aug. 18, 2005, while driving a truck owned by Townsend, Townsend employee Wallace Hughes was involved in a two-vehicle accident in Georgia. Hughes sued the other driver and settled for that driver's $25,000 policy limits. Hughes sought UM coverage under an Ace American Insurance Co. policy issued to Townsend. Because the Ace policy was a renewal policy and Townsend had rejected UM coverage via a written form for the then-current policy term, the trial court denied Hughes' claim. Hughes then sought UM benefits under the St. Paul policy. St. Paul denied coverage and the dispute was litigated, resulting in a trial court's grant of summary judgment in favor of Hughes. St. Paul appealed.
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