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PITTSBURGH PHILADELPHIA
ATLANTA ROCHESTER
MIAMI
BUPTALO SYRACUSE RICHMOND
Charles ton
1970
TORONTO
MONTREAL Quebec
VANCOUVER CAlGARY WINNIPEG
EDMONTON WINOSOR
CARACAS
SAO PAULO BRUSSELS
LONOON
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Mr- I. EL FltaGerald Insurance Kaasger American Standard, lac. I4Q tost hOth Street Hew York, New York
Dear1 Kent
Railroad Friction Products Corporation
Policy #TRNSLb891297 Expiration Pat - December 31 1970
As you are aware, we have been in discussion with The Travelers Insurance Cosrpany regarding the renewal of the Liability policy for Railroad Friction Products Corporation, which expires on December 31st. Our Pittsburgh Office has advised that they have an audit for the 1968-69 year, which shows sales for Railroad Friction Products of $7,258,000 and
sales for Cobra Friction Products of $80h,9li7 and a total sales figure of $8,062,9li7. For renewal purposes, we are advised by your office to increase this figure by 10$ and we advised The Travelers that the esti mated sales for the 1970-71 term would be $8,869,2142. With respect to payroll, our 1968-69 audit indicates minimum premiums are applicable and no payroll developed. We have advised The Travelers that no payroll is anticipated for the coming year.
As a result of our discussions with The Travelers, we have been advised that the Products rates for the coming year will be increased by 15$ over the expiring rates. Current rates increased by 15$ applied to estimated sales of $8,869,2h2 develop an estimated premium of $3,5^2 for your Products 0x5:0sure, in additional $130 will be developed as an Excess
Limits charge and ainisra premiums for Owners and Contractors Protective Liability Codes 0512 will develop minima premiums. Wa expect, therefore, that the renewal premium total will be in the vicinity of $3*750.
As w agreed, I have requested that The Travelers issue the renewal on the basis cited above.
With respect to the Workmen's Compensation coverage which expires at the sane time, we expect the renewal shortly and we expect that it will be
PLAINTIFFS j EXHIBIT
PLAINTIFFS EXHIBIT
'1903S.QO
CRMC-000362
MAltSH &3&LEXXAX
Mr. K. B. FitzGerald Insurance Manager
JLserican Standard, Inc.
-2-
December 21, 1970
issued at the ainiasa preaiuas sine no payrolls are inTOlnad. Milan renewals are arailablB, they will be forwarded to you.
Sincerely,
MARSH k 'dcLEMM* (j **/. L~\\-
RLjhesi
/ Robert Loach
bcc:
Mr. F. W. Ingham, Insurance Manager Johns Manville Corporation 22 East LOth Street New York, Hew York 10016
CRMC-000363
RAILROAD F R IC T IO N PRODUCTS CO RF. AND COBRA F R IC T IO N PRODUCTS LT D
7/15/78 - 7/15/79
SCHEDULE OF CASUALTY INSURANCE
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