James River will make upfront payment on collapsed condo
  • X
  • LinkedIn
  • Show more sharing options
  • Copy Link URLCopied!
  • Print
  • X
  • LinkedIn
© 2024 Insider International Limited, company number 15236286, 4 Bouverie Street, London, EC4Y 8AX. Part of the Delinian Group. All rights reserved.

Accessibility | Terms of Use | Privacy Policy | Modern Slavery Statement

James River will make upfront payment on collapsed condo

james-river-logo-richmond-va-nonsunset.jpg

James River has voluntarily agreed to pay the entire $2mn limit on a liability policy, taken out by Champlain Towers South Condominium Association, which owned the seafront building that collapsed last week, killing dozens.

RT Specialty brokered the excess and surplus lines policy, which may be one of a number of general liability policies in place on the building, depending on how much cover the organization purchased.

Sina

Enter your e-mail to claim a free trial:

Uncover exclusive insights tailored for insurance leaders

    • Stay Informed: Access exclusive industry insights
    • Gain a competitive advantage: Hear first about tactical developments
    • Make better decisions: Understand market dynamics in crucial lines of business
Gift this article