Document pma86d7jn4vpZxBzwkYZVNGaD
N17590
FRED. S. JAMES & CO. OF NEW ENGLAND, INC. 40 Broad Street, Boston, Massachusetts 02109 (617) 357-6600 Telex 940227 Fax (617) 357-6755
April 27, 1988
Mr. Donald L. Schoenewolf Director of Risk Management Hanson Industries 100 Wood Avenue South Iselin, New Jersey 08830
Re: Umbrella Excess Liability American Alliance Policy #FTZ4025696 Policy Period 10/1/86 to 10/1/87
Dear Don:
.. Please find enclosed endorsement nos. 8, 14, 15 and 16, for the above captioned policy. Endorsement #8 revised the formaldehyde exclusion. Endorsement #14 adds Kaiser Cement Corp. as an additional named Insured. Endorsement #15 states the rip and tear exclusion. Endorsement #16 amends Durkee Foods to be Durkee Famous Foods.
Very truly yours.
Gwendolyn L. White Account Coordinator
GLW/mc Enclosure 9095E
t' J
Insurance Brokers Since 1858
6LD055398
0049-GLD-000055398
(
L'J Q = GREAT AMERICAN INSURANCE COMPANY Cl A = AMERICAN NATIONAL FIRE INSURANCE COMPANY CAA= AMERICAN ALLIANCE INSURANCE COMPANY Q AG= AGRICULTURAL INSURANCE COMPANY
(Each a stock corporation, herein coiled the company) Insurance is afforded by the company designated.
ADMINISTRATIVE OFFICE?
GffiVAMERIGVI INSURANCE COMPANIES
580 WALNUT STREET CINCINNATI, OHIO 45202
EXCESS LIABILITY POLICY
tom DECLARATIONS
POLICY NUMBER FTZ 4025696
Legal Entity
Named Insured Hanson Industries, Inc.
L.) Individuaf
Mailing Address 410 Park Avenue
LI Partnership
New York., N.Y. 10022
Ljt Corporation
Policy Perlodt
^TArcS weSefif8 From* 10/1/86
L'J _
To: lQ/l/87
Agent or Broker Glanvill Special Risk Insurance Brokers Inc. 90 John Street
New York, N.Y. 10038
PftEVlOUs po l ic y n o . Oft IHSJRCft New
CODE
Limits of Liability Premium Computation:
$ 1,500,000 $ 1.500.000
each occurrence
aggregates_________As per End't //I
(A) Premium Basis (6) Estimated Exposure
(C) Rate per
(D) Estimated Premium (E) Minimum Premium |F) Advance Premium
{jjp Annual
Annual
l_j Annual
Lg Annual
Flat
r! Term
LU Term
l_J Term
LJ Term
N/A
N/A
5 105,000
S 105.000 -S--105^000
In the event of cancellation by the Named Insured, the company shall receive and retain not leas than 526,250. as a policy minimum premium.
Endorsements
F.14004H-4-73 End'ts # 1-12
SCHEDULE OF UNDERLYING POLICIES
(A) Insurer, Policy Number, Policy Period
(B) Type of Coverage
(C) Limits of Liability
National Union TBA 10/1/86 to 10/1/87
As per sc company's
Umbrella Liability
OFol'fowing *Form Excess Liabil.i
$8,000,000 each occurrence/aggregate $iere applicable excess :ff primary and/or any {SIR.
PLUS
$LO,000,000 each
occurrence/aggregate -There applicable excess Jmbrella Liability.
)f
FTZ 1C3 (5/62)
Countersigned by.
-C.
a u t h o r iz e d r e p r e s e n t a t iv e
GLD055399
0049-GLD-000055399
INSUREO
4 POLICY NUN8ER
GtErVT/UCmCAN
INSURANCE COMPANIES
Hanson Industries
EFFECTIVE DATE 10-1-86
POLICY PERIOD
10-1-86 fe 10-1-87
FT24025696
AUTHORIZREF^IESENTy^^ "
Complete the above spaces if this endorsement is not atfacbefl to the policy when issued.
GENERAL ENDORSEMENT #12
WATERCRAFT EXCLUSION
In consideration of the premium paid, and notwithstanding anything contained in this policy to the contrary, it is agreed that this policy shall not apply to any liability for personal injury or property damage arising out of the ownership, maintenance, operation, use, loading or unloading of any watercraft.
AFTZ13
SOT SUBJECT T0 THE F!Iflf
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V1 . ; ' If- *;<
iirfIS FMl
CO;.
1
mmr
F.14004H-4-73
THIS POLICY IS SUBJECT OTHERWISE TO ALL ITS TERMS.
GLD055400
0049-GLD-000055400
INSURED
i POLICY NUMBER
Hanson Industries
PTZ4025696
CREKTAMERICAN
INSURANCE COMPANE&
EFFECTIVE DATE IO/L/86
POLICY PERIOD
10/1/86 . 10/1/87 to
A U-Cff ZE^EPRE^^ nWE
Complete the above spaces if this endorsement is nrf attached to the policy when issued
lj
GENERAL ENDORSEMENT Vfi
., ' ?* **<
WAR RISK EXCLUSION
This policy does not apply to any Bodily Injury, Personal Injury or Property Damage due to war, whether or not declared, civil war, insurrection, rebellion, or revolution, or to any act or condition incident to any of the foregoing when occurreing outside the United States and Canada.
All other terms and conditions of this policy remain unchanged.
t-' Puy I 1'vLiif i
'HI
F.140C4H-- 4*73
THt$POLICYtS SU8JECTOTHERWISE TO ALL ITS TERMS
GLD055401
0049-GLD-000055401
JL
GlEAT AMERICAN
INSURANCE COMPANIES
INSURED
POLICY NUMBER
Hanson Industries
EFFECTIVE DATE
10/X/86
POLICY PERIOD
10/1/86 to
10/1/87
AUTHOR! zi
FTZ4025696
Complete the above spaces if ibis endorsement is not alfficb^i to the policy when issued.
GENERAL ENDORSEMENT
..
JOINT VENTURES & WRAP-UPS EXCLUSION
It is agreed that this policy may be endorsed to Named Insured's interest in joint ventures and wrap-ups provided written notice be given to the Company at the inception of the Named Insured's involvement in such operations.
It Is further agreed that the Limits of Liability under this policy shall apply with respect to joint ventures or wrap-ups excess of the following, whichever is greater:
(1) Primary coverages as scheduled in this policy and written on behalf on the Named Insured.
(2) Self-Insured Retention as defined in II of the Insuring Agreements except that such Self-Insured Retention will be at limits as scheduled In the underlying Schedule A or $10,000. whichever is the greater.
(3) Any other valid and collectible insurance.
' * 1J .J
i .J
- AM 6.
F.14004H -4-73
THISPOUCY IS SUBJECTOTHERWISE TO ALL ITS TERMS
GLD055402
0049-GLD-000055402
1
INSURED
i POLICY NUMBER
QEViWERIGN
INSURANCE COMPANIES
Hanson Industries
FTZ4025696
EFFECTIVE DATE 10-1-86
POLICY PERIOD
10-1-86 ^ 10-1-87
TO
AUTHORIZED RGPjltBSEN^ATlVE
Complete the above spaces if this endorsement is not attached fb thefpolicy when issued.
*
GENERAL ENDORSEMENT # 9 AIRCRAFT PRODUCTS AND GROUNDING LIABILITY EXCLUSION
It is agreed that this policy shall not apply to any liability arising out of aircraft products or reliance upon any representation or warranty made with respet thereto, or to any liability arising out of the grounding of any aircraft.
"Aircraft Products" means aircraft (including missiles or spacecraft) and any other goods or products manufactured, sold, handled or distributed or services provided or recommended by the insured or by others trading under the lnusred's name for use in the manufacture, repair, operation, maintenance or use of any alrcraf t
"Grounding" shall neara the withdrawal of one or more aircraft from flight operations or the imposition of speed, passenger or load restricions on such aircraft, by reason of the existence of or alleged or suspected existence of any defect, fault, or condition in such aircraft or any part thereof, sold, handled or distributed by the insured or manufactured, assembled or processed by any other person or organization according t'o specifications, plans, suggestions, orders or drawings of the insured or with tools, machinery or other equipment furnished to such persons or organizations by the insured, whether such aircraft so withdrawn are owned or operated by the same or different persons or organizes tions.
F23060
'Si.
F.14004H --4-73
THIS POLICY IS SUBJECT OTHERWISE TO ALL ITS TERMS.
GLD055403
0049-GLD-000055403
INSURED
POLICY NUMBER
GREAT/WERIGWI
INSURANCE COMPANIES
Hanson Industries
EFFECTIVE DATE 10/1/86
POLICY PERIOD
10/1/86 t0
10/1/87
// a 7TZ>025$96
AUTHORTTEirHePH
Complete the above spaces if this endorsement is not fatatjhed to the policy when issued.
GENERAL ENDORSEMENT f} g
FORMALDEHYDE EXCLUSION
This Insurance does not apply to any liability for property damage, bodily injury, sickness, disease, occupational disease, disability, shock, death, mental anguish and mental injury at any time aris:ng out of the manufacture of, or use of, or exposure to Formaldehyde, or to any obligation of the insured to indemnify any party because of damages arising out of such property damage, bodily injury, sickness, disease, occupational disease, disability, shock, death, mental anguish or mental injury at any time as a result of the manufacture of, use of, or exposure to Formaldehyde.
It is further understood and agreed that the National Union Fire Insurance Company of Pittsburgh, Pennsyvalnia not be obligated to defend any suit or claim against the insured alleging personal injury or property damage and seeking damages ,if such suit or claim arise from personal injury or property damage resulting from or contributed to, by any, and all manufacture of, use of, exposure to. Formaldehyde.
......
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"1
1
TO THE FHIH8
..... . ?:: YORK
r;:s w it h
All other terms and cond.jtgi^onp .resni^l^gj^
F.14004H -4-73
THISPOLICY IS SUBJECT OTHERWISE TO ALL ITS TERMS.
GLD055404
0049-GLD-000055404
INSURED
POLICY NUMBER
GlEATAMiRlCAN
INSURANCE COMMWES
FTZ4025696
EFFECTIVE 0ATE
10-1-86
POLICY PERIOD
10-1-86 ,0 10-1-87
X^rAUTHORIZED RSf
Complete the above spaces if this endorsement is not attachedj tfe policy when issued.
GENERAL ENDORSEMENT # 7
....
PROFESSIONAL LIABILITY EXCLUSION
It is agreed that this policy shall not apply to injury caused by any error* omission. malpractice or mistake in the rendering of or failure to render professional services committed or alleged to have been committed by or on behalf of any insured.
i-------------
;
"IT SUB-^T T3 n?
n!C
i u.,I Ajiii RATES*.
F.M034H -- 4-73
THIS POLICY IS SUBJECT OTHERWISE TO ALL ITS TERMS.
0049-GLD-000055405
INSUREO
POLICY NUMBER
CHEAT AMERICAN
INSURANCE COMPANIES
Hanson Industries
FTZ4025696
EFFECTIVE DATE 10-1-86
POLICY PERIOD 10-1-86 ^ 10-1-87
to
AUTW^^EDJjjj^PRESES^A^IV^
Complete the above spaces if this endorsement is not/atUujked to the policy when issued.
GENERAL ENDORSEMENT #6
DISCRIMINATION EXCLUSION
It is agreed that this policy does not apply to any liability resulting from discrimination based on, but not limited to, race, color, creed, sex, religion, age, national origin, handicap, sexual preference, etc., whether or not for alleged violation of any federal, state or local governmental law or regulation prohibiting such discrimination.
VIIP
. nKB miS:
F.14004H -- 4-73
THIS POLICY IS SUBJECTOTHERWISE TO ALL ITS TERMS.
GLD055406
0049-GLD-000055406
POLICY NUMBER
GrarAircniGW
INSURANCE COMPANIES
EFFECTIVE DATE 10/1/86
POLICY PERIOO
AUTHOFU^ft RE^RESENT^I^E
10/1/86 te 10/1/87
Complete the above spaces if this endorsement is not atjacbjd to the policy when issued.
GENERAL ENDORSEMENT #5
OCCUPATIONAL DISEASE EXCLUSION
It Is hereby understood and agreed that this policy shall not apply to any liability for bodily injury, sickness, disease, disability or shock including death at any time resulting therefrom caused by the following diseases
1. Black Lung Disease 2. Mesothelioma 3. Emphysema 4. Pneumoconiosis 5. Pulmonary Fibrosis 6. Pleuritis 7. Endothelioma 8. Asbestosis 9. Byssinosis
Or any lung disease or ailment caused by. or aggravated by inhalation of dust.
f
(
.i
It:
F.14004H -4-73
THIS POLICY IS SUBJECT OTHERWISE TO ALL ITS TERMS.
GLD055407
0049-GLD-000055407
INSUREO
POLICY NUMBER
CREAT AMERICAN
INSURANCE CCMPANES
Hanson Industries
FTZ4025696
EFFECTIVE OATE
10/1/86
POLICY PERIOD
10/1/86 t0
AUTHORIZED
10/1/87
Complete the above spaces 1/ this endorsement is not attached 4 > the policy when issued.
GENERAL ENDORSEMENT #4
Workers Compensation Exclusion
In consideration of the premium charged, it is agreed that this policy does not apply:
a) to any obligation for which the insured or the insured's insurer may be held liable under any worker's compensation, unemployment compensation or disability benefits law, or under any similar law, provided, however, that this exclusion does not apply to liabilty of others assumed by the named insured under contract.
'rrryfyxjyiip
rff >. *
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*
:::h
C,'j5tai ft n 84rr*-
F.14C04H -4-73
7WS POLICY IS SUBJECT OTHERWISE TO ALL ITS TERMS.
GLD055408
0049-GLD-000055408
1
INSURED
POLICY NUMBER
CHEAT A\tniCAN
INSURANCE COMPANIES
Hanson Industries
FTZ4025696
EFFECTIVE DATE
POLICY PERIOD
AUTHORIZE N REPRESENTATIVE
10-1-86
10-1-86 t.o 10-1-87
Complete the above spaces 1/ this endorsement is not attapiSSb 'to the policy wneh tssueS.
#3 \JGENERAL ENDORSEMENT
In consideration of the premium charged, it is hereby understood and agreed that this policy does not cover operations of the following Named Insured:
Glidden Paints Durkee Foods
F.14004H --4-73
msPOLICY ISSUBJECTOTHERWISE TO ALL ITS TERMS.
GLD055409
0049-GLD-000055409
INSURED
POLICY NUMBER
CHEATAJVERIGVN
INSURANCE COMPANIES
Hanson Industries
FT24025696
EFFECTIVE DATE
POLICY PERIOD
AUTHORIZED REPRESENTATIVE _
10-1-86
10-1-86 . 10-1-87
to
Complete the above spaces if this endorsement is not aftacbpd to the policy when issued
ly
nGENERAL ENDORSEMENT
NON-CONCURRENT PRIMARY INSURANCE COVERAGE
In consideration of the premium charged, it is agreed that "A. INSURING AGREEMENTS" is deleted and replaced by the following Insuring Agreement.
A. INSURING AGREEMENTS
In consideration of the payment of the premium, the American Alliance Insurance Company (hereinafter called the company) agrees to indemnify the insured for loss excess of the Limits of Liability shown in the declarations* Coverage provided by this policy shall be the same as that provided by the Umbrella Liability policy described in the schedule of Underlying Policies.
In the event any Following Form Excess policy provides coverage which is not as broad as the Umbrella Liability policy, the company's policy shall apply excess of the total Limits of Liability of all policies shown in the Schedule of Underlying Policies without regard to coverage differences and whether collectable or not collectable.
The company shall be furnished a complete copy of each policy described in the Schedule of Underlying Policies. The insured shall immediately notify the company of any change in coverage or Limits of Liability, other than a reduction In any aggregate limits as the result of the payment of a claim. Failure of the insured to report such a change shall not invalidate this policy but, in the event of failure to report such change, the company shall only be liable for loss to the same extent as it would have been had no change been made
Air
miNfi
i
j. i o'ti.A
F.14004H -- 4-73
THIS POLICY IS SUBJECT OTHERWISE TO ALL ITS TERMS.
GLD055410
0049-GLD-000055410
r.
INSURED
i"
POLICY NUMBER
GUaiV AMiRKRN
INSURANCE COMPANIES
Hanson Industries, Inc.
FTZ4025696'"^
EFFECTIVE DATE
POLICY PERIOD
AUTHORIZED REPRESENTATIVE^// J
10-1-86
10-1-86 t0 10-1-87
i*
Complete the above spaces if this endorsement is not attached tojtbe policy when issued.
'** *,i **!?**'
GENERAL ENDORSEMENT 1/1
Limits of Liability
It is hereby understood and agreed the Limits of Liability are as follows:
$1,500,000 CSL each occurrence /aggregate where applicable part of $5,000,000 CSL each occurrence/aggregate where applicable excess of $18,000,000 CSL each occurrence/aggregate where applicable excess of primary and/or any SIR.
... "> t q l fftB
1
Iu
F.14004H --4-73
THIS POLICY IS SUBJECT OTHERWISE TO ALL ITS TERMS.
GLD055411
0049-GLD-000055411
INSURED
f_________________________f
POLICY NUMBER
<REr\TAMERICAN
INSURANCE COMPANIES
Hanson Industries Inc, EFFECTIVE DATE POLICY PERIOD
10-1-86
10-1-86 t0 10-1-87
, JTZ4Q2569.6 AUTHORIZED REPRESENTATIVE pN
IIJL 1/Aa^
Complete the above spaces if this endorsement is not attached tft'tbe]policy when issued
GENERAL ENDORSEMENT J13
In consideration of the premium charged, it is hereby understood
and agreed that the schedule of underlying policies is amended to include National Union's policy number BE9439790*
i
::T in
f i
%>'
u -- 4.T1
THISPOLICY IS SUBJECT OTHERWISE TO ALL ITS TERMS.
0049-GLD-000055412
INSURED
POLICY NUMBER
HANSON INDUSTRIES
FTZ4025696
(HEATAMERICAN
INSURANCE COMPANIES
EFFECTIVE DATE
10/1/fifi
POLICY PERIOD
lp/1/,86 to 10/1/87
JlJL Mo___AUTHORIZED REPRESENTATniE
Complete the above spaces if this endorsement is not attached tf the policy when issued.
GENERAL ENDORSEMENT #8 REVISED FORMALDEHYDE EXCLUSION
This Insurance does not apply to any liability for property damage, bodily injury, sickness, disease, occupational disease, disability, shock, death, mental anguish and mental injury at any time arisng out of the manufacture of, or use of, or exposure to Formaldehyde, or to any obligation of the insured to indemnify any party because of damages arising out of such property damage, bodily injury, sickness, disease, occupational disease, disability, shock, death, mental anguish or mental injury at any time as a result of the manufacture
of, use of, or exposure to Formaldehyde.
It is further understood and agreed that the American Alliance Insurance Company will not be obligated to defend any suit or claim against the Insured alleging personal Injury or property damage and seeking damages, if such suit or claim arise from personal injury or property damage resulting from or contributed to, by any, and all manufacture of, use of, exposure to. Formaldehyde,
All other terms and conditions remain unchanged.
F.14004H -- 4-73
mm ." ' Bcsanrci ?f yo r k
af e ....j . l as an d oimsiis w it h
MTS
THIS PQUCY IS SUBJECT OTHERWISE TO ALL ITS TERMS.
GLD055413
0049-GLD-000055413
INSURED
POLICY NUMBER
FTZ4025696
GlEAI AMERICAN
INSURANCE COMPANIES
EFFECTIVE DATE
4-1-87
POLICY PERIOD
10-1-86 ^ 10-1-87 to
AUTHORIZBIl Rgj^ESENT^pg^
Complete the above spaces if this endorsement is not alt&hej to the policy when issued.
GENERAL ENDORSEMENT # 14
In consideration of the additional premium of $21,042, it is hereby understood and agreed that Kaiser Cement Corporation is added as an additional named insured.
SUBJECT TO THE M
, L.u
s p s t o m# m*
.....
GR: ft 5-19-87
F.14004H -- 4-73
THfS POLICY IS SUBJECT OTHERWISE TO ALL ITS TERMS.
GLD055414
0049-GLD-000055414
INSURED
POLICY NUMBER
G?E\r AMERICAN
INSURANCE COMPANIES
Hanson Industries, Inc.
FJZ 4025696
EFFEcVlve DATS
4/1/87
nrws--POLICY PCRIOO 10/1/86 to
10/1/87
AUTHORI2
,
Complete the above spaces if this endorsement is not atfuh\ d to the policy when issued.
GENERAL ENDORSEMENT 91
RIP AND TEAR EXCLUSION
In consideration of the premium charged, it is agreed that coverage as afforded by this policy does not apply to any liability resulting from the removal, withdrawal, repair or replacement of concrete, piping, roofing, vinyl siding or fiberglass products nor the ''loss of use" of tangible pro perty including but not limited to materials, parts, equip ment and labor costs to remove, withdraw, repair or replace concrete, piping, roofing, vinyl siding or fiberglass
products.
J 11 FILING
:.. I
T uS SGlfTRAOT ?m ASS RHUS:
GR: ki 5/29/87
F.14004H -4-73
THIS POLICY ISSUBJECTOTHERWISE TO ALL ITS TERMS.
GLD055415
0049-GLD-000055415
INSURED
*>
\
POLICY NUMBER
Hanson Industries
FTZ4025696
EFFECTIVE DATE 10-1-86
POLICY PERIOD
10-1-86 ^TO 10-1-87
AUTHOR! ZED REPRESENT MUVE .
7DL Me---
Complete the above spaces if this endorsement is not attagEedjto tie policy when issued.
GENERAL ENDORSEMENT ^ 16
In consideration of the premium charged. It is hereby understood & agreed that endorsement #3, as respects Durkee Foods, is amended to read Durkee Famous Foods.
s
a n
'! ?! jj*; ,Sv ' ` 'Aftf
i fiO/SI APPMVAL K8EMEH1S OF m Wl JTATE-INSBBAC W MO 0BBli8s8 WITH iKSKCFTR POLICY
MC:sc 8/21/87
? 4 (l
F.14004H --473
THIS POLICY IS SUBJECT OTHERWISE TO ALL ITS TERMS.
GLD055416
0049-GLD-000055416