Bloomberg the Company & Products

Bloomberg Anywhere Login

Bloomberg

Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world.

Company

Financial Products

Enterprise Products

Media

Customer Support

  • Americas

    +1 212 318 2000

  • Europe, Middle East, & Africa

    +44 20 7330 7500

  • Asia Pacific

    +65 6212 1000

Communications

Industry Products

Media Services

Follow Us


May 07, 2015 1:01 AM ET

Insurance

Company Overview of St. Paul Fire and Marine Insurance Company Inc.

Company Overview

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

United States

Founded in 1853

Phone:

651-310-7911

Fax:

651-310-3378

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

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

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

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.

Similar Private Companies By Industry

Company Name Region
Fallick Insurance Services, Inc. United States
Campania Management Company, Inc. United States
Zenith Star Insurance Company United States
Comerica Insurance Group, Inc. United States
HFN, Inc. United States

Recent Private Companies Transactions

Type
Date
Target
No transactions available in the past 12 months.
 

Stock Quotes

Market data is delayed at least 15 minutes.

Company Lookup

Most Searched Private Companies

Company Name Geographic Region
Lawyers Committee for Civil Rights Under Law United States
NYC2012, Inc. United States
Bertelsmann AG Europe
Rush University United States
Greater Houston Partnership United States

Sponsored Financial Commentaries

Sponsored Links

Report Data Issue

To contact St. Paul Fire and Marine Insurance Company Inc., please visit --. Company data is provided by Capital IQ. Please use this form to report any data issues.

Please enter your information in the following field(s):
Update Needed*

All data changes require verification from public sources. Please include the correct value or values and a source where we can verify.

Your requested update has been submitted

Our data partners will research the update request and update the information on this page if necessary. Research and follow-up could take several weeks. If you have questions, you can contact them at bwwebmaster@businessweek.com.