Argonaut Group's Trident Insurance Announces Environmental Impairment Liability Product.SAN ANTONIO San Antonio (săn ăntō`nēō, əntōn`), city (1990 pop. 935,933), seat of Bexar co., S central Tex., at the source of the San Antonio River; inc. 1837. -- Trident Insurance Services, LLC (Logical Link Control) See "LANs" under data link protocol. LLC - Logical Link Control , a wholly owned subsidiary Wholly Owned Subsidiary A subsidiary whose parent company owns 100% of its common stock. Notes: In other words, the parent company owns the company outright and there are no minority owners. of Argonaut Group, Inc. (NASDAQ NASDAQ in full National Association of Securities Dealers Automated Quotations U.S. market for over-the-counter securities. Established in 1971 by the National Association of Securities Dealers (NASD), NASDAQ is an automated quotation system that reports on :AGII), announced today an environmental impairment Impairment 1. A reduction in a company's stated capital. 2. The total capital that is less than the par value of the company's capital stock. Notes: 1. This is usually reduced because of poorly estimated losses or gains. 2. liability product for public entities, public schools and public and private water utilities, waster transfer facilities, and recycling recycling, the process of recovering and reusing waste products—from household use, manufacturing, agriculture, and business—and thereby reducing their burden on the environment. centers. This product features general liability and environmental pollution liability coverage with environmental liability limits available up to $25 million per occurrence/$25 million aggregate. Some of the coverage highlights afforded with this environmental impairment liability product are bodily injury and property damage coverage, on and off site clean-up, and contingent transportation defined as bodily injury, property damage, or clean-up costs as a result of transportation of insured's waste products by a common carrier. Trident President, Michael E. Arledge, stated, "Trident is pleased to offer its core customer base, public entities and public schools, an environmental impairment liability product. Often, this coverage is considered difficult to obtain and/or expensive to buy. We are offering our customers the opportunity to obtain an essential protection in an easy way and at a reasonable price. Additionally, we have targeted niche private sector markets with readily identifiable environmental impairment exposure as a natural extension for this product. With environmental impairment liability, as with our other specialty offerings, we strive to deliver complementary products to our customers to assist them in successfully operating and protecting their businesses." The environmental impairment liability product is insured and serviced through an A.M. Best A+ rated carrier with underwriting Underwriting 1. The process by which investment bankers raise investment capital from investors on behalf of corporations and governments that are issuing securities (both equity and debt). 2. The process of issuing insurance policies. provided by Trident. The product is currently available in thirty-two states. About Trident Insurance Services, LLC Trident, a wholly owned subsidiary of Argonaut Group, Inc. (NASDAQ:AGII), is a recognized leader and expert in providing services and solutions to Public Entity clients (preferred governmental entities and public school districts). Trident offers its clients an all-in-one solution, providing access to its expert sales, underwriting, risk control, and claims management capabilities. All programs are underwritten by A.M. Best "A" (Excellent) rated carriers, offer local insurance agency representation, and feature centralized cen·tral·ize v. cen·tral·ized, cen·tral·iz·ing, cen·tral·iz·es v.tr. 1. To draw into or toward a center; consolidate. 2. claims service. Learn more about Trident at www.tridentinsurance.net About Argonaut Group, Inc. Headquartered in San Antonio, Argonaut Group, Inc. (NASDAQ:AGII) is a national underwriter underwriter n. a company or person which/who underwrites an insurance policy, issue of corporate securities, business, or project. (See: underwrite) UNDERWRITER, insurances. One who signs a policy of insurance, by which he becomes an insurer. of specialty insurance products in niche areas of the property and casualty market, with approximately $3.4 billion in assets. Through its insurance subsidiaries, Argonaut Group offers a full line of high quality products and services designed to meet the unique coverage and claims handling needs of businesses in three primary segments: Excess and Surplus Lines, Select Markets, and Public Entity. Members of Argonaut Group include Colony, Argonaut Specialty, Rockwood, Great Central, Grocers Insurance, Trident, and Argonaut Insurance. Information on Argonaut Group and its subsidiaries is available at www.argonautgroup.com. |
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