ACE Casualty Risk Introduces New Casualty Premises Pollution Policy.Business Editors PHILADELPHIA--(BUSINESS WIRE)--April 14, 2004 ACE Casualty Risk, a unit of ACE USA--the U.S.-based retail operating division of The ACE Group of Companies--today introduced a new Casualty Premises Pollution program designed to offer general liability and premises pollution coverage in a single primary policy. This new product helps companies address potential gaps in coverage by providing a broad range of pollution protection not typically found in a general liability policy. Umbrella coverage specifically tailored to the program is also available. "ACE continues to respond to the changing marketplace and increased demand for environmental liability products," said Geoffrey Geoffrey (jĕf`rē), 1158–86, duke of Brittany (1171–86); fourth son of Henry II of England. Betrothed (1166) to Constance, heiress of Brittany, he was recognized as heir to the duchy in 1169 and succeeded to it on the death of her Gregory, President, ACE Casualty Risk. "This new product fulfills a market need by delivering a primary general liability policy form that also provides substantial capacity for premises pollution coverage." Insurance is provided with up to $10 million in limits and coverage is written a non-admitted basis In addition, this policy is offered with a minimum premium of $150,000 and a minimum self-insured self-insured Self fund Health insurance adjective Referring to the practice of carrying an individual health insurance policy for oneself; self insurance is usually more expensive than group insurance retention of $25,000. Higher limits up to $25 million may be available for certain classes. The target market for this new policy includes manufacturers and distributors in the following areas: chemicals; industrial machinery; non-critical auto parts Auto parts are components of automobiles. They mainly are, in alphabetic order (only car specific articles or articles with car section):
Coverage highlights include the following: -- Commercial general liability coverage -- Coverage for clean-up clean-up n → nettoyage m clean-up clean n to give sth a clean-up → etw gründlich sauber machen clean-up n costs and third-party bodily injury and property damage arising out of pollution on, at, or emanating from an insured location -- Third-party coverage for bodily injury, property damage and remediation costs arising from pollution conditions resulting from the transportation or disposal of wastes or products ACE Environmental Risk offers a full range of environmental liability solutions designed to minimize bottom line impacts and provide hands-on management for those liabilities. These products are distributed through the brokerage community, and through wholesalers to the commercial market. Non-admitted products are marketed through licensed surplus lines brokers. ACE's environmental liability offerings also include premises pollution liability, contractor's pollution liability, remediation cost containment cost containment, n the features of a dental benefits program or of the administration of the program designed to reduce or eliminate certain charges to the plan. and blended finite finite - compact risk programs. ACE USA is a U.S.-based operating division of The ACE Group of Companies, headed by ACE Limited (NYSE NYSE See: New York Stock Exchange :ACE). ACE USA provides insurance products and services throughout the U.S. Additional information on ACE USA and its products and services can be found at www.ace-ina.com. The ACE Group of Companies provides insurance and reinsurance The contract made between an insurance company and a third party to protect the insurance company from losses. The contract provides for the third party to pay for the loss sustained by the insurance company when the company makes a payment on the original contract. for a diverse group of clients around the world. |
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