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Sedgwick
Sedgwick James of New Jersey, Inc.
3 Becker Farm Road, Roseland, New Jersey 07068-3786
Telephone 201 533-9393. Direct Telephone
. FFaacsciRs^ilM3m&6$9- 0591
November 10,1995
Mr. Anthony R. Ferrara Risk Manager Hanson Industries 99 Wood Avenue South Iselin, NJ 08830
Re: American Excess Insurance Association Policy No. HR000099795 October 1,1995 - October lt 1996
Dear Anthony:
As indicated in my letter of October 31, 1995, enclosedyou willfind the updated Peabody Coal Company Watercraft Schedule, which now includes values and descriptions. You can attached this to yourpolicy andapplication.
AIEA has been advised accordingly.
Ifyou shouldhave any questions, please advise.
WUh kindest regards
tbigniew Chrzescijanek Issociate Director
ZC/lod
Enclosure
Insurance Broking Risk Services Employee Benefits
GLD055963
0049-GLD-000055963
Sedgwick
IV.
PEABODY COAL COMPANY (PCCM) WATERCRAFT
FLEET OF SWITCH BOATS AND BARGES
A. Peabody Coal Company
Eouinment
Gross Tons
Horse Power
Year Insured Hull Built Value
Total Hull Values
No. In Crew
Switch Boats M/V Jean McDowell 73
M/V Old Abe
72
660 1968 $300,000 600 1956 $150,000
$300,000 $150,000
2 3
M/V Ted Kelce
50 495 1960 $150,000
$150,000
2
Total
$600,000
$600,000
Permanently Moored Fleeting Barsres Barge No. 152 (Kaskaskla)
1939
$20,000
$20,000
TVA 1 and 2
$38,157
$76,314
Barge MTM 202
179
$30,000
$30,000
Total
$88,157
$126,214
B. Blue Grass Coal Company
Eaumment
Switch Boats
M/V Eagles Nest 90
900
1975 $500,000
$500,000
Permanently Moored Fleetine Barees MAT 2 Repair (Kaskaskla) Steel Flat Deck Pontoon
1951
$50,000
$50,000
Summary Total Switch Boats 4
$1,100,000
$1,100,000
Total Fleeting Barges 4
Grand Total
S
$ 138.157 $1,238,157
$ 176.314 $1,276,314
GLD055964
0049-GLD-000055964
Sedgwick
Sedgwick James of New Jersey, Inc.
3 Becker Farm Road. Roseiand. New Jersey 07068-3786
Telephone 201 533-9393. Direct Telephone 20lf>33~4688
. Facsirv
JAM-3
January 2,1995
Mr. Anthony R. Ferrara Risk Manager Hanson Industries 99 WoodAvenue South Iselin, NJ 08830
Re: American Excess Ins. Assoc. (AEIA) Policy No. HR000099795 October 1,1995 to October 1,1996
Dear Anthony:
Enclosed isyour copy ofEndorsement No. 10, which adds Drydock Builder's Enterprise to Schedule A ofthe captionedpolicy.
Ifyou should have any questionsplease advise.
With kindest regards,
ngntew Chrzescijanek sociate Director
ZC/lod
Enclosure
insurance Broking Risk Services Employee Benefits
GLD055965
0049-GLD-000055965
AMERICAN EXCESS INSURANCE ASSOCIATION
It is agreed that Schedule A. Subsidiaries or affiliates which form part ofthe NAMED INSURED is amended to include Diydock Builder's Enterprise, ajoint venture between Tidewater Construction Corporation and Kiewit Construction.
This endorsement forms a part of the POLICY to which attached, effective on the Inception Date ofthe POLICY unless otherwise stated herein.
(The information below is required only when this Endorsement is issued subsequent to preparation ofthe POLICY.)
Policy No.:
HR00Q099795
Endorsement Effective Date: October 1. 1995
Endorsement No.:
9
NAMED INSURED:.
Hanson PLC
Authorized Representative
AEIA-SP-4
GLD055966
0049-GLD-000055966
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Sedgwick
Sedgwick James of New Jersey, Inc.
3 Becker Farm Road, Roseland, New Jersey 07068-3786
Telephone 201 533-9393. Direct Telephone 20^33-4688
Facsirt
6mrOS91
October 16,1995
J.7i Fn (3 ' ! E
j!:ii j' T OCT 71995 Ih a n s g m 1
^UUoRiES
Mr. DonaldL. Schoenewolf Director ofRiskManagement Hanson Industries 99 WoodAvenue South Iselin, NJ 08830
Re: American Excess Insurance Association Policy No. HR000099795 October 1,1995 to October 1,1996
Dear Don:
Please find enclosed renewal binder issued by AEIA. The renewal program provides a Limit of Liability of $50 Million in the aggregatefor all covered occurrences excess of the $100 Million per occurrence -underlyingprogram.
Also enclosed is Endorsement No. 9 which adds Drydock Builder's Enterprise, a joint venture between Tidewater Construction Corporation andKiewit Construction, to the NamedInsureds.
The renewalpolicy willfollow shortly. Ifyou should have any questionsplease advise.
With kindest regards,
/pi
ZpipnewChrzescijanek Associate Director
ZC/lod
Enclosure
insurance Broking Risk Services Employee Beneiils
GLD055967
0049-GLD-000055967
i pnr+'mri*'
/NTF Fax: 1-201-535-0591
Date: September 28,1995 To: Sedgwick James ofNew Jersey
Attn: Richard Bennett
Re: Hanson PLC
AMERICAN EXCESS INSURANCE ASSOCIATION
PREMIUM BEARING BINDER
NAMED INSURED AND ADDRESS
HANSON PLC 99 WOOD AVENUE, SOUTH
BINDER PERIOD FROM 10-1-95 TO 10-1-96 12:01 a.m. Standard Time At the Address ofthe Named Insured
ISELIN, NJ 08830
BINDER CONDITIONS
The Association hereby acknowledges itselfbound, on and after the effective date and hour indicated, under such contracts ofinsurance issued by the Association. The insurance hereunder is subject to the terms and conditions ofthe American Excess Insurance Association Policy form, AEIA-l.(l-92) including the Liability of Insurer's Endorsement AEIA-2.(l-92), and as further amended by the endorsements) described below and attached to the quotation.
ENDORSEMENT TITLE NUMBER
Designated Products Endorsement Insurance Company E&O Exclusion Owned Aircraft Endorsement Property Damage to Insured's Products or
Operations Exclusion Revision Endorsement Pollution Exclusion Revision Endorsement Amendment to I. Coverage
ENDORSEMENT
AEIA-5 AEIA-20 AEIA-34
AEIA-SP-1 AEIA-SP-2 AEIA-SP-3
Watercraft will be covered as follows: 1. Excess of $100 million, all owned and chartered or leased WATERCRAFT shown in Exhibit 3 ofthe renewal submission. 2. Excess of$100 million on all non-ownd WATERCRAFT less that 125 feet and not used to transport third parties or products ofthird parties. 3. PERSONAL INJURY or PROPERTY DAMAGE arising out ofa WATERCRAFT which fall within the definition ofINSURED'S PRODUCTS. 4. Coverage for "Norman" is excluded.
Schedule A will apply to the following entities:
Gifford HU1 American Holdings, Inc. Genoa Dock Corporation Squaw Creek Coal Company
GLD055968
0049-GLD-000055968
Kayenta Mobile me Park Tecumseh Coal Corporation Yaamba Oil Shale Yaamba Magnesite Yankeetown Dock Corporation Dominion Terminal Associates Battleground Water Co. Battleground Water District Co.
Retroactive Date: 10/01/86
Premium is due to the AEIA home office by 10-01-95
SCHEDULE OF COVERAGE
TERRITORY TAX LINE LIMIT OF
POLICY NUMBER STATE
DIST. OF BUS. LIABILITY
PER OCCURRENCE UNDERLYING AMT.
HR000099795
29 N/A
Total Provisional Premium $704,000.
XY 100% OF $50,000,000
$100,000,000
The premium stated is an advance provisional premium. Acceptance by the Named Insured ofthe Policy replacing coverage provided hereunder shall render this binder null and void. The premium for this binder will be credited against the deposit or advance Policy premium. Ifthe premium for the Policy exceeds the premium paid for the Binder, the Named Insured shall pay the excess to the Association, ifless, the Association shall return the overpayment to such Named Insured.
This Binder may be cancelled, under the terms and conditions provided by the form ofPolicy applicable, or by surrender by the Named Insured ofthis Binder. A premium adjustment win be made in compliance with Condition (q) of the Policy and, ifit is listed under "Binder Conditions" above. Endorsement AEIA-36 "Minimum Premium Endorsement."
Countersigned by: Allen F. Lyons
Farmington Management, Inc. General Manager and Agent for American Excess Insurance Association
Farmington Management, Inc. General Manager and Agent for American Excess Insurance Association
Fax: 203-282-9393
GI.D055969
0049-GLD-000055969
AMERICAN EXCESS INSURANCE ASSOCIATION
It Is agreed that Schedule A. Subsidiaries or affiliates which form part ofthe NAMED INSURED is amended to include Diydock Builder's Enterprise, ajoint venture between Tidewater Construction Corporation and Kiewit Construction.
This endorsement forms a part ofthe POLICY to which attached, effective on the Inception Date ofthe POLICY unless otherwise stated herein.
(The information below is required only when this Endorsement is issued subsequent to preparation ofthe POLICY.)
Policy No.:.
HR000099795
Endorsement Effective Date: October 1.1995
Endorsement No.:.
9
NAMED INSURED:
Hanson PLC
Countersigned by
AEIA-SP-4
PRODUCER COPY
GLD055970
0049-GLD-000055970
. | he host is on the pumpkin but r I 1 this <k>es not mean we are
A going in for our long _____ Winters nap!
Details on AEIA's Excess Liability Program
Attachment Profile;
Did you know that 39% of our clients now attach over a $100 million attachment point? Here's our current spread ofattachments:
Attachment Profile
Account Size:
Recap of 1995 Changes
Some people fitink we only do Fortune 100 type risks. In fact, 21% of our clients have less than $500 million in sales.
Mx By Attain? Size
The 1995 year has been very important and bustling for American Excess.
Since December 1, 1994, which is tite start of our fiscal year, the following changes have occurred:
A). Effective December 1,1994, American Excess offers $100 million Limit of Liability.
6). First Annual AEIA Risk
Managers' Council
was held in Phoenix
in February.
Participation
We are very pleased to announce that C). AEIA agrees to use the New
effective December 1, 1995, that Prudential Insurance Co. has joined the
Business Bermuda Application, amended by using the AEIA
AEIA family. Prudential's participation
Signature Page for new business.
will be 5.625% of our $100 million
This must include answers to
limit. Please see the reverse for an exact listing.
Questions 3,13 and, IS horn the
1/92 AEIA Application.
/
Policy Limit Profile:
In less than one year of offering a full $100 million limit, 18% of our clients have purchased the maximum limit.
Electric Utilities
AEIA ts not only a market - but a darn good one for electric utilities. If your carrier is mandating an EMF exclusion; come see us. While AEIA has been looking closely at EMFs for several years, we have not imposed an exclusion.
D) . Sunset Clause eliminated from American Excess policy for all New and Renewals, effective June 15, 1995.
E) . Extended Reporting Period (ERP) 10-year limitation has been removed, provided insured pays applicable annual premium.
Policy Limit Profile
1<K
9631 MU* aiAMUaa BtthUfflm
NYC New #; 212-482-0950
New Area Code In CT
A new area code is in effect in the East Hartford office of AEIA. The new area code is 860 which replaces 203. AEIA's main, number is now 860-528*2105.
F). Territorial definition broadened to "anywhere".
Until Nod Time!!
William C. Hall, AEIA National Marketing Manager
GLD055971
0049-GLD-000055971
AMERICAN EXCESS iNSURANCE AgSOCIATfOlNr
MEMBER *
12-1-95 GROSS LIMIT
AETNA CASUALTY & SURETY CONTINENTAL INSURANCE EMPLOYERS REINSURANCE FEDERAL INSURANCE FIREMAN'S FUND INSURANCE GENERAL ACCIDENT INSURANCE GENERAL STAR NATIONAL INDEMNITY INSURANCE CO. OF NORTH AMERICA NAC REINSURANCE CORPORATION NORTH AMERICAN SPECIALTY PRUDENTIAL INSURANCE COMPANY ST. PAUL FIRE AND MARINE TRAVELERS INDEMNITY ZURICH-U.S. BRANCH
$ 16,725,000 $ 13,540,000 $ 2,600,000 $ 5,700,000 $ 6,290,000 $ 1,100,000 $ 5,210,000 $ 10,000,000 $ 6,290,000 $ 5,790,000 $ 5,625,000 $ 6,040,000 $ 8,500,000 6.590.000 $100,000,000
* Members of affiliates may vary by State.
GLD055972
0049-GLD-000055972
SECTION I None Known
MfflgQNJPLC SCHEDULE A
SECTION n Name
Uittord-flii] American Holdings, Inc.
Genoa Dock Corporation Squaw Creek Coal Company Kayenta Mobile Home Park Tecumseh Coal Corporation Yaamba Oil Shale Yaamba Magnesite Yankeetown Dock Corporation Dominion Terminal Associates
Battleground Water Co. Battleground Water District Co.
Drydock Builders' Enterprise
Operations
Manufactures cornete pressure pipe-corporation Dock Transfer ofCoal Coal miningjoint venture Mobile Home Park-joint venture Coal mining-corporation Oil production-joint venture Magnesite production-joint venture Dock Transfer ofcoal-joint venture Terminal for Ocean Shipments of Coal-joint venture Water supply-joint venture Water supply with three pipelinesjoint venture Joint venture to construct a drdock extension for Newport News Shipbuilding and Drydock Corporation and to construct HOV lanes for the Virginia Department of Transportation
GLD055973
0049-GLD-000055973
AMERICAN EXCESS INSURANCEASSOCIATION
It is agreed that the attached Schedule A is amended to include DrydockBuilders' Enterprises.
This endorsement forms a part of the POLICY to which attached, effective on the inception date ofthe POLICY unless otherwise stated herein.
(the information below is required only when this endorsement is issued subsequent to preparation ofthe POLICY.)
Endorsement effective: December 18. 1995
Policy No. HR000099795
Endorsement No.:10
NAMED INSURED: Hanson PLC
AEIA-SP-5
Countersigned by: (Authorized Representative)
GLD055974
0049-GLD-000055974
!ajbbOt\Qlo%
U>}lz{zl
r-
GLD055975
0049-GLD-000055975
COMPANIES COLLECTIVE POLICY
IN CONSIDERATION of the. Insured named in the Schedule hereto having paid the premium set forth in the said Schedule to the Insurers who have hereunto subscribed their Names (hereinafter referred to as "the Insurers").
THE INSURERS HEREBY SEVERALLY AGREE each for the proportion set against its name to indemnify the Insured or the Insured's Executors, Administrators and Assigns against Loss as more fully set forth in the attached wording and any amendments which are endorsed hereon, during the period of Insurance stated in the said Schedule or during any subsequent period as may be mutually agreed upon between the Insured and the Insurers.
PROVIDED that:(1) the liability of the Insurers shall not exceed the Sum Insured expressed
in the said Schedule. (2) the liability of each of the Insurers individually in respect of such loss
shall be limited to the proportion set against its name. (3) this Policy shall be subject to the same terms, provisions, conditions,
and limitations as are contained in die Co-insuring Policy.
If the Insured shall make any claim knowing the same to be false or fraudulent as regards amount or otherwise, this Policy shall become void and all claim thereunder shall be forfeited.
IN WITNESS WHEREOF I, being a representative of the Leading Company and authorised by the said Company and by all other Companies appearing hereon to sign this Policy on their behalf, have hereunto subscribed my name this~rrt \ftreirm-* day of
One Thousand nine hundred and omer'i e ig h t
S.R.2 (WDG)
GLD055976
0049-GLD-000055976
Date 1st October 1998 Policy No. 460/013044/01
THE SCHEDULE
The Insured Millennium Chemicals Incorporated and Millennium America Incorporated and all Subsidiaries and/or Associated Companies
Premium
US$18,665.29 part of US$127,897.00
Sum Insured Hereon 14.594% part of 100% of the following limits
US$25,000,000 any one occurrence but in the aggregate in respect of products liability
In excess of
US$50,000,000 any one occurrence but in the aggregate in respect ofproducts liability in excess of Underlying
The Interest Insured
To indemnify the Insured for all sums which the Insured shall become legally liable to pay as damages or compensation consequent upon
Personal Injury Property Damage Advertising Liability
arising out of an occurrence during the period in connection with the business
Insured Perils Umbrella Liability
Period of Insurance
From 1 st October 1996
To 31 st December 1997 Both days inclusive
and for such further period or periods as may be mutually agreed.
GLD055977
0049-GLD-000055977
COINSURANCE CLAUSE It is warranted that this Policy shall run concurrently with and be subject to the same terms, provisions, and limitations as are contained in Policy No DL191996 issued by Gerling-Konzem Allgemeine Versicherungs-Aktiengesellschaft covering the identical subject matter and risk.
GLD055978
0049-GLD-000055978
The Insurers
Sun Alliance and London Insurance pic Zurich International (UK) Ltd Generali
Proportion
Reference Numbers
4.054% 4.054% 6.486%
GA00492202 '50962813 96 GM03495 G800 02
GLD055979
0049-GLD-000055979
Lir ma Po l ic y
V In Consideration of the Insured named in the Schedule hereto having paid the premium stated in the said Schedule to the Insurers named herein who have hereunto subscribed their names ("the Insurers")
The Insurers hereby severally agree each for the proportion set against its own name to indemnify the Insured or the Insured's Executors and Administrators against loss, damage or liability to the extent and in the manner set forth herein. Provided that the aggregate liability of the Insurers shall not exceed the Sum Insured or other limits as are set forth in the Schedule.
If the Insured shall make any claim knowing die same to be false or fraudulent, as regards amount or otherwise, this Policy shall become void and all claims hereunder shall be forfeited.
In witness whereof the Director of Policy Signing Services of Lo n d o n In s u r an c e an d Rein s u r an c e Ma r k et As s o c iat io n ("LIRMA") has subscribed his name on behalf of each of the LIRMA Companies and (where the Companies Collective Signing Agreement ("CCSA") is being implemented) on behalf of the Leading CCSA Company which is a LIRMA member and authorised to sign this Policy (either itself or by delegation to LIRMA) on behalf of all the other CCSA Companies.
Director ofPolicy Signing Services
Date as in the Schedule.
U:\CSTlVMIUXHEM\POLICnXSPPHC3CSAM
GLD055980
0049-GLD-000055980
Th e Sc h e d u l e
Date 6th June 1997........ Policy No 460/013044/01.
The Insured
Millennium Chemicals Incorporated and Millennium America Incorporated and all Subsidiaries and/or Associated Companies
Premium Sum Insured
The Interest Insured
Insured Perils
US$6,914.11 part of US$127,897.00 in full
HEREON: 5.406% part of 100% ofthe following limits
US$25,000,000 any one occurrence, but in the aggregate in respect ofproducts liability
In excess of
US$50,000,000 any one occurrence but in the aggregate in respect ofproducts liability during the period in connection with the business in excess of underlying policies
To indemnify the Insured for all sums which the Insured shall become legally liable to pay as damages or compensation consequent upon:
Personal Injury Property Damage Advertising Injury
arising out of an occurrence during the period in connection with the business
Umbrella Liability
Period ofInsurance
From 1st October 1996
To 31 st December 1997
both days inclusive and for such further period or periods as may be mutually agreed.
U:\CSri\MUACHEMlFOUCV\XSPPLVCJ0.SAM
GLD055981
0049-GLD-000055981
Coinsurance Clause
N
It is warranted that this Policy shall run concurrently with and be subject to the same terms, provisions, and limitations as are contained in Policy No. DL191996 issued by Gerling-fConzem Allgemeine Versichemngs-Aktiengesellschaft covering the identical subject matter and risk.
Several Liability Notice
The subscribing insurers' obligations under contracts of insurance to which they subscribe are several and not joint and are limited solely to the extent of their individual subscriptions. The subscribing insurers are not responsible for the subscription of any co-subscribing insurer who for any reason does not satisfy all or part ofits obligations.
LSW 1001 08/94 (INSURANCE)
UACSTaMILLCHEMU'OIJCYVXSPPLCSO.SAM
GLD055982
0049-GLD-000055982
0049-GLD-000055983
POLICY ENDORSEMENT
Attaching to Policy Number : 460/013043/01
Endorsement Number
Two
Insured
Millennium Chemicals Incorporated and Millennium America Incorporated and all Subsidiaries and/or Associated Companies
It is hereby noted and agreed that the period of insurance is extended to expire at 11.59pm on 31st December 1997. Aggregate limit increased on a pro rata basis in line with the policy period extension. Additional premium US$30,463.32 part ofUS$62,421.00
All other terms and conditions remain unaltered.
Date of Issue :
26th October 1998
U:'CSTl\MlLIjCHESjfPOUCY'JffiU:6l.SAM
GLD055984
0049-GLD-000055984