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THIS IS A REPORTED OCCURRENCE POLICY WHICH CONTAINS CERTAIN FEATURES THAT ARE ANALOGOUS TO THE ONES FOUND IN CLAIMS MADE POLICIES.
PLEASE READ THE ENTIRE POLICY CAREFULLY.
EXCESS INDEMNITY POLICY
INSURANCE UNDER THIS POLICY IS PROVIDED BY SEVERAL SEPARATE INSURERS, WHO ARE ALL MEMBERS OF THE AMERICAN EXCESS INSURANCE ASSOCIATION. THE LIABILITY OF THESE INSURERS IS SEVERAL AND NOT JOINT AND IS SET OUT SPECIFICALLY IN ENDORSEMENT NUMBER 1 WHICH IS ATTACHED TO AND FORMS PART OF THIS POLICY.
o
American Excess Insurance Association
(Herein called the "COMPANY") Words and phrases that appear in all capital letters have the special meanings set forth in Sector? V-DEF1NITIONS.
DECLARATIONS
POLICY NUMBER: ER000036689
Item 1:
NAMED INSURED:
HANSON INDUSTRIES
Address of NAMED INSURED: 410 PARK AVENUE NEW YORK, NY 10022
Item 2:
COMPANY'S Limit of Liability under this POLICY in the aggregate for all covered OCCURRENCES:
$75,000,000.00 part Of $75,000,000.00.
See Endorsement Number 1 to this POLICY.
Item 3: PER OCCURRENCE UNDERLYING AMOUNT: $25,000,000.00
"DEFENSE EXPENSES" ARE INCLUDED tN THE UMITS OF LIABILITY OF THE POLICY AND ARE IN THE "PER OCCURRENCE UNDERLYING AMOUNT"
ASA 1-NY REV. A.
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Item 4:
POLICY PERIOD: From 12:01 A.M.* on the 1ST day of October, 1989.
("Inception Date").
To 12:01 A.M.* on the 1ST day of October, 1990. ("Expiration Date").
Item 5: Item 6:
RETROACTIVE DATE: 12:01 A.M.* on the 1ST day of October, 1986. except ARC America, Inc. which is 11/1/89.
Flat Premium for the POLICY PERIOD: $1,152,000.00
Item 7:
Representative of COMPANY:
Farmington Management, Inc. RiverBend Executive Park 77 Hartland Street East Hartford, CT 06108 Attention: The President
Item 8:
Representative of NAMED INSURED:
HANSON INDUSTRIES 410 PARK AVENUE NEW YORK, NY 10022
Item 9:
Endorsements attached at POLICY issuance:
1. Liability of Insurers Endorsement, AEIA-2 2. Architects, Engineers or Surveyors Professional Liability Exclusion, AEIA-15 3. New York Mandatory Endorsement, AEIA-S-6
Countersigned I
(Authorized Representative)
`Standard Time at the address of the NAMED INSURED as stated herein.
AEIA 1-NY REV. A
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Insuring Agreements
In consideration of the payment of the premium and in reliance on all statements made and information furnished by the NAMED INSURED to the COMPANY, including the representations and warranties made in the Application for this POLICY, hereby made a part hereof, and subject to the foregoing Declarations, hereby made a part hereof, and to all of the terms of this POLICY, the COMPANY and the NAMED INSURED agree as follows:
I. COVERAGE
(a) The COMPANY shall indemnify the NSURED for ULTIMATE NET LOSS which the INSURED shall become legally obligated to pay by reason of liability imposed upon the INSURED by law or liability of others assumed by the INSURED under contract or agreement because of PERSONAL INJURY, PROPERTY DAMAGE or ADVERTISING OFFENSE anywhere in the world,
(1) which results from an OCCURRENCE, notice of which shall have been first given to the COMPANY (in accordance with Condition (c) hereof):
(A) by the NAMED INSURED during the POLICY PERIOD;
(B) by the NAMED INSURED during any EXTENDED REPORTING PERIOD which the NAMED IN SURED shall have elected to secure (or continue) in accordance with the following paragraph 1(b): or
(C) by any former subsidiary or affiliate of the NAMED INSURED during any EXTENDED REPORTING PERIOD that may arise in accordance with Condition (m) hereof; and
(2) for which a CLAIM is made against the INSURED, and of which CLAIM the NAMED INSURED has given written notice to the COMPANY, within ten (10) years from the effective date of cancellation of the POXY or foe Expiration Date stated In Item 4 of the Declarations irrespective of whether:
(A) the notice of OCCURRENCE in paragraph 1(a)(1) above was given during the POLICY PERIOD; or
(B) such notice was given during the EXTENDED R^ORTING PERIOD;
provided, however, that in no event shall there be coverage under this POLICY for any liability of any INSURED with respect to any OCCURRENCE, PERSONAL INJURY, PROPERTY DAMAGE or ADVERTIS ING OFFENSE for which there is, or but for foe issuance of this POLICY would be, any coverage in any amount provided under any other policy issued by the COMPANY to the INSURED irrespective of whether such other policy is issued prior to, simultaneously with or subsequent to this POLICY.
(b) In foe event of cancellation or nonrenewal of this POLICY by foe NAMED INSURED or the COMPANY, other than cancellation for nonpayment of premium, the NAMED INSURED may elect to secure an EXTENDED REPORTING PERIOD for an ANNUAL PERIOD, and thereafter may elect annually to continue such EXTENDED REPOTTING PERIOD for no more than four (4) additional ANNUAL PERIODS, for such INSUREDS as the NAMED INSURED shall designate, by giving the COMPANY written notice of such election not less than ten (10) days prior to the effective date of cancellation of the POLICY or foe Expiration Oate stated in Item 4 of the Declarations, or the expiration date of each ANNUAL PERIOD, and by paying to the COMPANY foe applicable annual premium as set forth in the attached Schedule B no later than the date of commencement of each ANNUAL PERIOD of such EXTENDED REPORTING PERIOD.
Where notice of an OCCURRENCE is first given, in accordance with Condition (c), during such EXTENDED REPORTING PERIOD, it shall be deemed to have been given during foe POUCY PERIOD oi this POLICY for purposes of the application of the terms of this POLICY including, but not by way of Imitation, the COMPANY'S Limit of Liability and the PER OCCURRENCE UNDERLYING AMOUNT
II. LIMIT OP LIABILITY
(a) Subject to all foe terms hereof, the COMPANY shall indemnify foe INSURED, in accordance with Condition (f), only for that amount of ULTIMATE NET LOSS, as provided for in Endorsement Number 1 to this POLICY, for any OCCURRENCE covered pursuant to paragraph I hereof, which ULTIMATE NET LOSS is in excess of foe greater of either:
(1) ULTIMATE NET LOSS in the amount of foe PER OCCURRENCE UNDERLYING AMOUNT; or
(2) ULTIMATE NET LOSS with respect to any OCCURRENCE in the amount covered by collectible OTHER INSURANCE;
and then only up to foe amount stated in Item 2 of the Declarations as the COMPANY'S Limit of Liability, which is the maximum amount payable by the COMPANY under this POLICY in foe aggregate
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with respect to all ULTIMATE NET LOSS arising from any and all OCCURRENCES, irrespective of the period over which any OCCURRENCE, loss, PERSONAL INJURY, PROPERTY DAMAGE or ADVER TISING OFFENSE occurs or the number of such OCCURRENCES, losses, PERSONAL INJURIES, PROPERTY DAMAGES or ADVERTISING OFFENSES and irrespective of whether the notice of OC CURRENCE is given during the POLICY PERIOD or during any applicable EXTENDED REPORTING PERIOD.
(b) Only ULTIMATE NET LOSS which would be covered by this POLICY (if the terms of this POLICY were satisfied) but far the amount of such ULTIMATE NET LOSS and/or the existence of OTHER INSURANCE is included within the ULTIMATE NET LOSS referred to in paragraphs H(aK1) and (2) above.
(c) Neither
(1) the inclusion or addition hereunder of more than one INSURED; or
(2) any EXTENDED REPORTING PERIOD secured in accordance with paragraph 1(b), and or arising in accordance with Condition (m) hereof;
shall operate to reinstate or increase the COMPANY'S Limit of Liability beyond that set forth in Item 2 of the Declarations or to extend the POUCY PERIOD.
III. EXCLUSIONS
This POLICY shall not apply to any liability or alleged liability of the INSURED for:
(a) PERSONAL INJURY, PROPERTY DAMAGE or ADVERTISING OFFENSE for which the INSURED has as sumed liability under any contract or agreement, if such PERSONAL INJURY, PROPERTY DAMAGE or ADVERTISING OFFENSE occurred prior to the time such contract or agreement became effective;
(b) PERSONAL INJURY, PROPERTY DAMAGE or ADVERTISING OFFENSE in any manner arising out of the design, construction, maintenance, manning, ownership, operation or use of any WATERCRAFT; provided, however, that this Exclusion (b) shall not apply with respect to WATERCRAFT or risks listed on Schedule D hereto and loading or unloading of any WATERCRAFT at premises owned, leased or controlled by the INSURED;
(c) (1) PERSONAL INJURY, PROPERTY DAMAGE or ADVERTISING OFFENSE directly or indirectly arising out of:
(A) the actual, alleged or threatened discharge, dispersal, release, seepage, or escape of any POLLUTANT into or upon any person, place or thing including the land or other real estate, any man-made structure, the atmosphere, any water or watercourse whether above or below ground or otherwise into the environment, however caused and whenever happening; or
(B) any direction or request whether governmental or otherwise, that tie INSURED evaluate, test for, monitor, clean up, remove, control, contain, treat, detoxify or neutralize any POLLUTANT or the actual, alleged or threatened discharge, dispersal, release, seepage or escape thereof;
provided, however, except as provided in paragraph (2) of this Exclusion (c), that subparagraphs (1XA) and (B) of this Exclusion (c) shall not apply to PERSONAL INJURY, PROPERTY DAMAGE or ADVERTISING OFFENSE arising out of or alleged to arise out of such discharge, dispersal, release, seepage or escape and caused solely by:
(C) unintended fire or explosion, or lightning; or
^3) a collision or overturning of an AUTOMOBILE or railroad vehicle;
(E) a single or intermittent discharge, dispersal, release or escape, which ceases within seven (7) days of its first commencement, of:
(I) POLLUTANTS, other than herbicides, pesticides or defoliants, which constitute the IN SURED'S PRODUCTS;
(ii) POLLUTANTS, other than herbicides, pesticides or defoliants, where such discharge, dis persal, release or escape is caused by or results from the INSURED'S PRODUCTS, other than products that are specifically designed, intended or marketed to evaluate, test for, monitor, treat, detoxify or neutralize POLLUTANTS; or
(Si) POLLUTANTS from premises owned, leased, rented or controlled by the INSURED:
and provided that such discharge, dispersal, release or escape results in PERSONAL INJURY or PROPERTY DAMAGE which commences and is discovered within seven (7) days after the time such discharge, dispersal, release or escape first commences:
(
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{2) The exception to subparagraphs (1){A) and (B) of this Exclusion (c) which are contained in subpar agraphs (1)(C), (D) and (E) erf this Exclusion (c), shall in no event apply to:
(A) PROPERTY DAMAGE directly or indirectly arising out of:
(i) underground or underwater operations of the INSURED; and/or
(ii) removal of, loss of or damage to underground or underwater oil, gas or any other substance;
(B) PERSONAL NJURY, PROPERTY DAMAGE'w"AfiVSTh$^
indirectly
arising out of the handling, processing, treatment, storage, disposal, dumping, dscharge, dis
persal, release, seepage or escape of any WASTE;
(C) the cost of evaluating, testing for, monitoring, cleaning up, removing, controlling, containing, treating, detoxifying and/or neutralizing the discharge, dispersal, release, seepage and/or escape of any POLLUTANT on property at any time owned, leased and/or rented by the INSURED and/ or under the control of the INSURED; and
(D) PERSONAL INJURY, PROPERTY DAMAGE or ADVERTISING OFFENSE directly or indirectly arising out of the actual, alleged or threatened discharge, dispersal, release, seepage or escape of any POLLUTANT:
(i) into any underground water or watercourse; or
(ii) from any underground or underwater tank, piping or other container of any type;
unless the immediate cause of such discharge, dispersal, release, seepage or escape is unin tended fire or explosion, or lightning;
(d) ADVERTISING OFFENSE arising out of.
(1) failure of performance of contract, other than the unauthorized appropriation of ideas based upon alleged breach of implied contract;
(2) infringement of trademark, service mark or trade name, other than titles or slogans, by use thereof on or in connection with goods, products or services sold, offered for sale or advertised;
(3) incorrect description or mistake in advertised price of goods, products or services sold, offered for sale or advertised; or
(4) the failure of goods, products or services to conform to advertised quality or performance;
(e) (1) except In respect of PERSONAL INJURY. PROPERTY DAMAGE or ADVERTISING OFFENSE taking place in and caused by events and conditions occurring in the land area of the United States of America, its territories or possessions, or Canada, PERSONAL INJURY, PROPERTY DAMAGE or ADVERTISING OFFENSE directly or indirectly occasioned by, happening through or in consequence of war, invasion, acts of foreign enemies, hostilities (whether war be declared or not), civil war, rebeBfon, revolution, insurrection, military or usurped power or confiscation or nationalization or requisition or destruction of or damage to property by or under the order of any government or public or local authority;
(2) except in respect of PERSONAL INJURY, PROPERTY DAMAGE or ADVERTISING OFFENSE, taking place in and caused by events or conditions occurring in the land area of the United States of America, its territories or possessions, or Canada, PERSONAL INJURY, PROPERTY DAMAGE or
ADVERTISING OFFENSE, not excluded by paragraph (1) of this Exclusion (e), which is caused by, results from or is attributable to the INSURED'S PRODUCTS, which are used, designed or intended to be used for the purpose of inflicting PERSONAL INJURY or PROPERTY DAMAGE, and which PERSONAL INJURY, PROPERTY DAMAGE or ADVERTISING OFFENSE arises in connection with:
(A) war, invasion, acts of foreign enemies, hostilities (whether war be declared or not), civil war, rebellion, revolution, insurrection, military or usurped power; or
(B) confiscation, nationalization, requisition or destruction of, or damage to, property in connection with or arising out of any of the situations listed in subparagraph (2)(A) of this Exclusion (e);
(f) PERSONAL INJURY, PROPERTY DAMAGE or ADVERTISING OFFENSE arising out of asbestos, tobacco or tobacco products, dioxin, asbestiform talc, diethylstibesteroi, urea formaldehyde or any intra-uterine device;
(g) PERSONAL INJURY. PROPERTY DAMAGE or ADVERTISING OFFENSE arising out of the design, manu facture, construction, maintenance, service, use or operation of any AIRCRAFT, or any component part or equipment thereof, or any other airplane navigational or aviation related equipment;
(h) PERSONAL INJURY or PROPERTY DAMAGE
(1) with respect to which an INSURED under this POLICY is also an insured under a nuclear energy liabBity policy issued by Nuclear Energy Liability Insurance Association, Mutual Atomic Energy Liability
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Underwriters or Nuclear Insurance Association of Canada or any of their successors, or would be an insured under any such policy but for its termination upon exhaustion of its limit of liability;
(2) resulting from the "hazardous properties'' of "nuclear material" and with respect to which
(A) any person or organization is required to maintain financial protection pursuant to the Atomic Energy Act of 1954, or any law amendatory thereof; or
(B) the INSURED is or, had this POUCY not been issued, would be entitled to indemnity from the United States of America, or any agency thereof, under any agreement entered into by the United States of America, or any agency thereof, with any person or organization;
(3) resulting from the "hazardous properties" of "nuclear material", if
(A) the "nuclear material" (i) is at any "nuclear facility" owned by, or operated by or on behalf of, an INSURED or (ii) has been discharged or dispersed therefrom;
(B) the "nuclear material" is contained in "spent fuel" or 'waste'' any time possessed, handled, used, processed, stored, transported or disposed of by or on behalf of an INSURED; or
(C) the PERSONAL INJURY or PROPERTY DAMAGE arises but of the furnishing by an INSURED of services, materials, parts or equipment in connection with the planning, construction, mainte nance, operation or use of any "nuclear facility", but if such facility is located within the United States of America, its territories or possessions, or Canada, this subparagraph (3)(C) applies only to "property damage" to such "nuclear facility" and any property thereat.
As used in this Exclusion (h):
"hazardous properties" include racEoactive, toxic or explosive properties;
"nuclear material" means "source material", "special nuclear material" or "by-product material";
"source material", "special nuclear material'' and "byproduct material" have the meanings given them in the Atomic Energy Act of 1954 or in any law amendatory thereof;
"spent fuel" means any fuel element or fuel component, solid or liquid, which has been used or exposed to radiation in a "nuclear reactor";
"waste" means any waste material (1) containing "byproduct material" other than the tailings or wastes produced by the extraction or concentration of uranium or thorium from any ore processed primarily for its "source materiai" content and (2) resulting from the operation by any person or organization of any "nuclear facility" included under the first two paragraphs of the definition of "nuclear facility";
"nuclear facility" means:
(1) any "nuclear reactor";
(2) any equipment or device designed or used for (a) separating the isotopes of uranium or plutonium, (b) processing or utilizing "spent fuel", or (c) handling, processing or packaging "waste";
(3) any equipment or device used for the processing, fabricating or alloying of "special nuclear material" if at any time the total amount of such material in the custody of the INSURED at the premises where such equipment or device is located consists of or contains more ttian 25 grams of plutonium or uranium 233 or any combination thereof, or more lhan 250 grams of uranium 235;
(4) any structure, basin, excavation, premises or place prepared or used for the storage or disposed of "waste";
and includes the site on which any of the foregoing is located, all operations conducted on such site and all premises used for such operations;
"nuclear reactor" means any apparatus designed or used to sustain nuclear fission in a self-supporting chain reaction or to contain a critical mass of fissionable material;
"property damage" includes all forms of radioactive contamination of property;
(i) PERSONAL IMJURY or PROPERTY DAMAGE directly or indirectly caused by or contributed to by or arising from ionising radiations or contamination by radioactivity outside the United States, its territories or possessions, or Canada from any nuclear fuel, any nuclear waste or from the combustion, fission or fusion of nuclear fuel;
(j) PROPERTY DAMAGE to property rented to, used or occupied by or in the care, custody or control of the INSURED:
(1) to the extent that the INSURED has agreed to provide insurance therefor; or
(2) if such property is owned by any person or organization controlling or coming under the control of the INSUREO;
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(k) (1) toss of use of tangible property which has not been physically injured or destroyed, resulting from:
(A) a delay in or lack of performance by or on behalf of the INSURED of any contract or agreement: or
(B) the failure of the INSURED'S PRODUCTS or OPERATIONS completed by or on behalf of the INSURED either to meet any warranty or representation by the INSURED as to the level of performance, quality, fitness or durability or to perform the function or serve the purpose intended by the INSURED:
provided, however, that paragraph (1) of this Exclusion (k) shall not apply to loss of use of other tangible property resulting from the sudden and accidental physical injury to or destruction of the INSURED'S PRODUCTS or OPERATIONS performed by or on behalf of the INSURED after such INSURED'S PRODUCTS or OPERATIONS have been put to use by any person or organization other than an INSURED;
(2) PROPERTY DAMAGE to any portion or section of the INSURED'S PRODUCTS or of OPERATIONS completed by or on behalf of the INSURED, If such PROPERTY DAMAGE arises out of that portion of such products or that section of OPERATIONS, or out of materials, parts or equipment furnished in connection therewith: or
(3) the withdrawal, inspection, repair, replacement, or, in connection with any of the foregoing, loss of use, of the INSURED'S PRODUCTS or OPERATIONS completed by or for the INSURED or of any property of which such INSURED'S PRODUCTS or OPERATIONS form a part, if such INSURED'S PRODUCTS, OPERATIONS or property are withdrawn from the market or from use because of any known or suspected defect or deficiency therein whether caused or believed to have been caused by the INSURED or by arty other person or entity:
(l ) any obligation for which the INSURED or any carrier as his insurer may be held liable under any workers' compensation, unemployment compensation or disability benefits law or the Longshoremen's and Harbor Workers' Compensation Act, or under any similar state or federal law; provided, however, that this Exclusion does not apply to liability arising under the Federal Employers Liability Act or the Jones Act;
(m) PERSONAL INJURY. PROPERTY DAMAGE or ADVERTISING OFFENSE resulting from an OCCURRENCE if notice of such OCCURRENCE has been given prior to the Inception Date stated in Item 4 of the Declarations under any policy which policy has expired prior to or upon the inception of this POLICY;
(n) PERSONAL INJURY or PROPERTY DAMAGE arising out of discrimination or humiliation directly or indirectly related to employment or prospective employment of any person or persons by any INSURED;
(o) PERSONAL INJURY or PROPERTY DAMAGE directly or Indirectly arising out of the actual or threatened termination of employment of any person or persons by any INSURED;
(p) PERSONAL INJURY. PROPERTY DAMAGE or ADVERTISING OFFENSE and/or any liability of any nature whatsoever arising out of:
(1) the purchase, sale or distribution of securities or offers to purchase or sell securities, or investment counselling or management, including, without limitation, liability under the Securities Act of 1933, the Securities Exchange Act of 1934, the Trust Indenture Act of 1939, the Public Utility Holding Company Act of 1935, the Investment Company Act of 1940, and the so-called '`blue-sky" laws ol the various states or other jurisdictions or any laws amendatory of any thereof;
(2) antitrust or the prohibition of monopolies, activities in restraint of trade, unfair methods of competition or deceptive acts and practices in trade and commerce including, without limitation, the Sherman Act. the Clayton Act, the Robinson-Patman Act, the Federal Trade Commission Act and the HartScott Rodino Antitrust Improvements Act and the similar or equivalent laws of the various states or other jurisdictions;
(3) fraud or breach of fiduciary duty;
(4) governmental, civil or criminal fines or penalties:
(5) the failure to pay when due any governmental tax (including, without limitation, income, excise, property, value added and sales tax) or tariff, license fee or other governmental fee which is incidental to the conduct of business or any assessment, fine or penalty related thereto;
(6) copyright, patent or trademark infringement (other than advertising liability with respect to titles or slogans);
(7) any defect in or impairment to title to real property, including fixtures, whether or not owned by an INSURED;
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(8} disclosure or other regulation of sales of, and offers to sell, real property;
(9) employee, officer or director dishonesty or any liability of any employee, officer or director of an INSURED to such INSURED.
No inference shall be made from the exclusion of liabilities, PERSONAL INJURY, PROPERTY DAMAGE or ADVERTISING OFFENSE in any Exclusion that thi3 POLICY would otherwise cover such liabilities, PERSONAL INJURY. PROPERTY DAMAGE or ADVERTISING OFFENSE or covers similar liabilities, PERSONAL INJURY. PROPERTY DAMAGE or ADVERTISING OFFENSE; nor shall any portion of any Exclusion to the POLICY be construed to be an extension of coverage otherwise provided by the POLICY.
lift CONDITIONS
(a) Premium
(1) The premiums under this POLICY are flat premiums and are not subject to adjustment, except as otherwise provided in paragraph (6) of Definition fl) and Condition (q) hereof. The premium shall be paid to the COMPANY.
(2) Additional premium for an EXTENDED REPORTING PERIOD shaB be fully earned, notwithstanding anything contained in this POLICY to the contrary, when the ANNUAL PERIOD to which such premium is applicable incepts.
(b) Inspection end Audit
(1) The COMPANY shall be permitted but not obligated to inspect the INSURED'S property and opera tions at any time. Neither the COMPANY'S right to make inspections nor the making thereof nor any report thereon shall constitute an undertaking, on behalf of or for benefit of the INSURED or others, to determine or warrant that such property or operations are safe, healthful or in compliance with any law, rule or regulation.
(2) The COMPANY may examine and audit the INSURED'S books and records at any time while this POUCY is In force and within ten (10) years after the final termination of this POLICY or within one (1) year after final settlement of aft claims arising out of any OCCURRENCE notice of which was given during the POLICY PERIOD or any EXTENDED REPORTING PERIOD, as far as they relate to the subject matter of this POLICY.
(c) Notice of Occurrence or Claim
(1) If any employee of the risk management or legal department or any officer or director of any INSURED shall become aware of an OCCURRENCE likely to involve this POLICY the NAMED INSURED shall as soon as practicable, as a condition precedent to the rights of any INSURED under this POUCY give written notice to the COMPANY which notice shall include, but riot be limited to, information as to the nature of the OCCURRENCE, the actual or anticipated injury dr damage resulting therefrom, the name(s) of any claimants) or potential claimant(s) and the manner in which and the date on which the INSURED first became aware of the OCCURRENCE and such other detailed information as the COMPANY may reasonably request regarding the OCCURRENCE. Unless such written notice is provided as required herein, there shall be no rights to any coverage hereunder.
(2) If any CLAIM likely to involve this POUCY is made against any INSURED, as a condition precedent to the rights of any INSURED under the POLICY, the NAMED INSURED shall, as soon as practicable, give written notice to the COMPANY of such CLAIM and, if written notice of the OCCURRENCE from which the CLAIM arises has not already been given, written notice, in accordance with paragraph (1) of this Condition (c). of the claimed or alleged OCCURRENCE with respect to which such CLAIM is made and shall promptly forward to the COMPANY copies of any written CLAIM, demand, notice, summons, complaint or other process received by the INSURED or its representatives or agents. Unless such written notice is provided as required herein, there shall be no rights to any coverage hereunder.
(3) Notice to the COMRANY shall be given to the person or entity stated in Item 7 of the Declarations and shall be deemed to be given when sent if sent by certified mail, return receipt requested, by telex with receipt acknowledged or by any express mailing service where a written receipt of sending is provided.
(
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(d) Assistance and Cooperation
The COMPANY shall not be called upon to assume charge of the settlement or defense of any CLAIM made against an INSURED but the COMPANY shall have the right and shall be given the opportunity to associate at its own expense with the INSURED or the issuers of OTHER INSURANCE or both in the investigation, settlement, defense and control of any CLAIM relative to any OCCURRENCE where the CLAIM involves, or appears reasonably likely to involve, the COMPANY in which event the INSURED and the COMPANY shall cooperate in all things in the defense of such CLAIM.
The INSURED shall enforce or cooperate with the COMPANY to enforce any right of contribution or indemnity against any person or organization who may be liable to the INSURED because of PERSONAL INJURY, PROPERTY DAMAGE or ADVERTISING OFFENSE with rispect to which insurance is afforded under this POLICY.
In the event that the COMPANY, in it3 sole discretion, chooses to exercise its rights pursuant to this Condition (d), no action taken by the COMPANY in the exercise of such rights shall serve to modify or expand in any manner, the COMPANY'S liability or obligations under this POLICY beyond what the COMPANY'S liability or obligations would have been had it not exercised its rights under this Condition (d).
(e) Appeals
In the event the INSURED or the issuers of OTHER INSURANCE elect not to appeal a judgment in excess of the Bmits of liability of such OTHER INSURANCE, the COMPANY may elect to make such appeal at its own cost and expense and shall be liable for the taxable costs and disbursements and interest on judgments incidental thereto, but in no event shall the total liability of the COMPANY exceed its Limit of Liability stated in Item 2 of the Declarations plus the cost and expense of such appeal.
(f) Loss Payable
(1) Indemnity under this POLICY with respect to any OCCURRENCE shall not attach unless and until the INSURED and/or the issuers of OTHER INSURANCE shall have paid the greater of either:
(A) ULTIMATE NET LOSS in the amount of the PER OCCURRENCE UNDERLYING AMOUNT; or
(B) ULTIMATE NET LOSS with respect to any OCCURRENCE in the amount covered by collectible OTHER INSURANCE;
whichever is applicable, as provided in paragraph 11(a) hereof and, unless and until the INSURED'S liability shall have been fixed and rendered certain either by final judgment against the INSURED after trial or by settlement approved in writing by the COMPANY.
(2) The INSURED shall make a written demand for payment for any amount of the ULTIMATE NET LOSS for which the COMPANY may be liable under this POLICY as soon as practicable after the INSURED'S liability shall have been fixed and rendered certain and after such amount shall have been paid by or on behalf of the INSURED. If any subsequent payments shall be made by the INSURED on account of the same OCCURRENCE, additional written demands for payment should be made simBarly from time to time. Such losses shall be due and payable by the COMPANY within a reasonable time after they are respectively demanded and proven in conformity with this POLICY.
(3) No person or organization shall have any right under this POLICY to join the COMPANY as a party to any action against the INSURED, nor shall the COMPANY be impleaded by the INSURED or his legal representative.
(g) Representation
Such person or office as the NAMED INSURED shall designate in item 8 of the Declarations shall represent the NAMED INSURED and any and all INSUREDS hereunder in all matters under this POLICY including, without limitation, payment of premium, negotiation of the terms of renewal and the adjustment, settlement and payment of CLAIMS.
(h) Other insurance
The insurance afforded by this POLICY shall be in excess of and shall not contribute with OTHER INSURANCE. Nothing herein shall be construed to make this POLICY subject to the terms, conditions and limitations of any OTHER INSURANCE.
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(i) SUBROGATION
Inasmuch as this POLICY is excess coverage, the INSURED'S right of recovery against any person or other entity cannot be exclusively subrogated to the COMPANY. It is, therefore, understood and agreed that in case of any payment hereunder, the COMPANY will act in concert with all other interests (including the INSURED'S) concerned in the exercise of such rights of recovery. The apportioning of amounts which may be so recovered shall follow the principle that any Interests (including the INSURED'S) that shall have paid an amount over and above any payment hereunder, shall first be reimbursed up to the amount paid by them; the COMPANY is then to be reimbursed out of any balance then remaining up to the amount paid hereunder and, lastly, the interests (including the NSURED'S) of which this coverage is in excess are entitled to claim the residue, if any. Expenses necessary to the recovery of any such amounts shall be apportioned between or among the interests (including the INSURED'S) concerned, in the ratio of their respective recoveries as finally settled.
(j) Changes
Notice to or knowledge possessed by any person shall not effect a waiver or a change in any part of this POLICY or estop the COMPANY from asserting any right under the terms of this POLICY; nor shall the terms of this POLICY be waived or changed except by endorsement signed by the COMPANY or its authorized representative and issued to form a part of this POLICY.
(k) Assignment
Assignment of interest under this POLICY shall not bind the COMPANY unless and until its consent is endorsed hereon.
(l ) Cross Liability
In the event of CLAIMS being made by reason of:
(1) PERSONAL INJURY suffered by an employee of one INSURED hereunder; or
(2) damage to property belonging to any INSURED hereunder;
for which another INSURED hereunder is or may be liable, then this POLICY shall cover such INSURED, subject to tire terms of this POLICY, against whom a CLAIM is made or may be made in the same manner as if separate policies had been issued to each INSURED hereunder. Nothing contained herein shall operate to increase the COMPANY'S Limit of Liability as set forth in Item 2 of the Declarations.
(m) Former Subsidiaries and Affiliates
If any subsidiary or affiliate of the NAMED INSURED, which is an INSURED hereunder by virtue of Definition (j) hereof, shall cease to be such a subsidiary or affiiate of the NAMED INSURED, then at the time of such cessation the POLICY PERIOD shall automatically expire as to such former subsidiary or affiliate and, if the NAMED INSURED or such subsidiary or affiliate elects in advance of such expiration, an EXTENDED REPORTING PERIOD shall automatically incept as to such former subsidiary or affiliate and continue in force until expiration of the NAMED INSURED'S POLICY PERIOD under this POLICY without additional payment or refund of any premium.
(n) Headings
The descriptions in the headings and sub-headings of this POLICY are inserted solely for convenience and do not constitute any part of the terms hereof.
(o) Insolvency
(t) Bankruptcy or insolvency of the INSURED or the INSURED'S estate shall not relieve the COMPANY of any of its obligations hereunder.
(2) The insolvency, bankruptcy, receivership or any refusal or inability to pay of the INSURED and/or any insurer shall not operate to:
(A) lower the PER OCCURRENCE UNDERLYING AMOUNT; or
(B) increase the COMPANY'S liability under this POLICY; and
in no event and under no circumstances shall the COMPANY assume or be deemed to have assumed the liabilities and/or responsibilities and/or obligations of the INSURED.
(
t
AEIA1 .................................. _
10 o* 16)
GLD053736
0049-GLD-000053736
(p) Warranty
The NAMED INSURED warrants and agrees as follows:
(1) that it has no knowledge at the Inception Date stated in Item 4 of the Declarations of any fact or circumstance not disclosed to the COMPANY in the Application for this POLICY which is likely to give rise to a claim hereunder; and
(2) that based upon reasonable inquiry and to the best of its knowledge and belief:
(A) al information provided to the COMPANY in the Application for this POLICY is true and correct; and
(B) no material information requested has been withheld.
(q) Cancellation
This POLICY may be cancelled:
(1) at any time by the NAMED INSURED by delivering written notice to the COMPANY stating when, not less than thirty (30) days from the date the notice is delivered, cancellation shall be effective; or
(2) at any time by the COMPANY by delivering written notice to the NAMED INSURED stating when, not less than ninety (90) days from the date notice was delivered, cancellation shall be effective; except, in the event of cancellation for nonpayment of premiums, such cancellation shall become effective fifteen (15) days after the date notice is delivered. Payment or tender of unearned premium is not a condition of cancellation.
Delivery by hand of such notice either by the NAMED INSURED or the COMPANY shall be sufficient delivery. Written notice shall be deemed sufficient delivery if sent by certified mail, return receipt re quested, or by telex and receipt is acknowledged. The POLICY PERIOD shall end on the effective date and hour of cancellation stated in the notice.
In the event of cancellation by the INSURED, the premium retained by the COMPANY shall be calculated in accordance with the COMPANY'S short rate table which is attached hereto as Schedule C. In the event of cancellation by the COMPANY, the premium retained by the COMPANY shall be calculated pro-rata based upon the duration of the POLICY PERIOD.
For purposes of notice required under this Condition (q) or pursuant to regulation, the offer by the COMPANY of renewal on terms or premiums different from those in effect during the POUCY PERIOD shall not constitute cancellation or nonrenewal of this POLICY by the COMPANY.
(r) Arbitration
(1) Resolution of Disputes: All disputes between any INSURERS) and the COMPANY (hereafter referred to collectively as the "parties") arising cut of or under this POLICY, whether arising before or after termination erf this POUCY, shall be submitted to arbitration in the manner set forth in this Condition
(0.
(2) Composition of Panel: Unless the parties agree upon a single arbitrator within fifteen (15) days after the receipt of a notice of intention to arbitrate, all disputes shall be submitted to an arbitration panel composed of two arbitrators and an umpire, chosen in accordance with paragraph (3) or paragraphs (3) and (4) of tills Condition (r).
(3) Appointment of Arbitrators: The members of the arbitration panel shall be disinterested, active or retired business executives having knowledge relevant to the matters in dispute. Unless a single arbitrator is agreed upon by the parties, the party requesting arbitration (hereafter referred to as the "initiating party") shall appoint an arbitrator and give written notice thereof, either by telex or by registered or certified mail, return receipt requested, to the other party (hereafter referred to as the "responefing party") together with the notice of intention to arbitrate. If there is more than one initiating party or responding party such parties shall act collectively as a single initiating party or single responding party for all purposes including giving notice of intention to arbitrate or giving answer to such notice, and appointing an arbitrator. The notice of intention to arbitrate shall state with specificity the full names and addresses of the parties, the POUCY pursuant to which arbitration is sought, the nature of the dispute and the relief sought.
Within thirty (30) days after receiving the notice of intention to arbitrate, the responding party also shall appoint an arbitrator and notify the initiating party thereof in the same manner as above. Before instituting a hearing, the two arbitrators so appointed shall choose an umpire from among such persons meeting the qualifications set forth in this paragraph (3). If, within twenty (20) days after the appointment of the arbitrator chosen by the responding party or chosen in accordance with paragraph (4) of this Condition (r), the two arbitrators fail to agree upon the appointment of an umpire, the
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GLD053737
0049-G LD-000053737
initiating party shall petition the President of the American Arbitration Association or his delegate to appoint the umpire. In the event that an arbitrator or the umpire withdraws from the pane! or is unable to discharge his or her duties by reason of death, illness, or incompetency or otherwise, a replace ment will be selected in the same manner as provided in the original appointment.
(4) Failure of Party to Appoint Arbitrator. If the responding party fails to appoint an arbitrator within thirty (30) days after receiving notice of intention to arbitrate, the initiating party shall appoint such arbitrator who shail then, together with the first arbitrator appointed by the initiating party, choose an umpire as provided in paragraph (3) of this Condition (r).
(5) Choice of Law and Fomm: Any arbitration instituted pursuant to this Condition (r) shall be held in the State of Connecticut and the laws of that State shall govern the interpretation and application of this POLICY, except insofar as such laws may prohibit coverage of punitive or exemplary damages
r hereunder; provided, however, that the terms of this POLICY are to be construed in an evenhanded fashion as between the INSURED and the COMPANY; without limitation, where the language of this POUCY is deemed to be ambiguous or otherwise unclear, the issue shall be resolved in the manner most consistent with the relevant terms (without regard to authorship of the language, without any presumption or arbitrary interpretation or construction in favor of either the INSURED or the COM PANY) and in accordance with the intent of the parties. In reaching any decision, the panel shall give due consideration to the customs and usages of the insurance industry
(6) Submission of Dispute to Panel: The initiating party shall submit its initial orief within twenty (20) days from appointment of the umpire. The responding party shall submit its brief within twenty (20) days after receipt of the initiating party's brief and the initiating party may submit a reply brief within ten (10) days after receipt of the responding party's brief.
(7) Procedure Governing Arbitration: All proceedings before the pane) shall be informal and the panel shall not be bound by strict rules of legal procedure or evidence. The panel shall have the power to flx ail procedural rules relating to the arbitration proceeding but cross-examination and rebuttal shall be allowed.
(3) Arbitration Award: The arbitration panel shall render its decision within sixty (60) days after termination of the arbitration proceeding which decision shall be in writing and may state the reasons therefor. The decision of the majority of the panel shall be final and binding on the parties to the arbitration . and may induce interest at appropriate market rate(s) and any costs of the arbitration, including a reasonable allowance for attorney's fees. The panel dial! rot itself assess and award punitive or exemplary damages. Judgment may be entered upon the award in any state or federal court having jurisdiction thereof.
(9) Cost of Arbitration: Each party shall bear the expense of its own arbitrator and shall jointly and equally bear with the other party the expense of the umpire. In the event that both arbitrators are chosen by the initiating party, as provided for in paragraph (4) of this Condition (r), the initiating party and the responding party shall each pay half of the expenses of both arbitrators and the umpire. The remaining costs of the arbitration proceeding shall be allocated by the panel.
(s) Currency
(1) The premiums and tosses under this POLICY are payable, and the amounts set forth in the Decla rations are expressed, in United States currency.
(2) If judgment is rendered or settlement is denominated, or another element of ULTIMATE NET LOSS is stated, in a currency other than United States currency, payment under this POLICY shall be made in United States currency at the rate of exchange prevailing on the date the final judgment is rendered, the amount of the settlement is agreed upon or the other element of ULTIMATE NET LOSS is due, respectively.
(
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[12 Of 16]
i
GLD053738
0049-GLD-000053738
V. DEFINITIONS
As used in this POLICY:
(a) "ADVERTISING OFFENSE" means DAMAGES arising out of the INSURED'S advertising activities on account of libel, slander, defamation, invasion of right of privacy, piracy, unfair competition, idea misap propriation under an implied contract, or infringement of copyright, title or slogan (other than a patent) committed in any advertisement, publicity article, broadcast or telecast;
(b) "AIRCRAFT' means any heavier than air or lighter than air aircraft designed to transport any person or property, missile or spacecraft;
(c) "ANNUAL PERIOD" means the period of twelve months commencing at:
(1) the effective date of cancellation or the Expiration Date of the POLICY PERIOD; or
(2) the expiration date of any prior ANNUAL PERIOD;
(d) "AUTOMOBILE" means a land motor vehicle, trailer or semi-trailer;
(e) "CLAIM" means:
(1) any written demand, suit or proceeding against any INSURED by a specifically identified person, entity or asserted class for DAMAGES because of PERSONAL INJURY, PROPERTY DAMAGE or ADVERTISING OFFENSE; or
(2) any written notice of PERSONAL INJURY. PROPERTY DAMAGE or ADVERTISING OFFENSE by any specifically identified person, entity or asserted class;
(f) "COMPANY" means the American Excess Insurance Association on behalf of its member insurance companies as set forth in Endorsement Number 1 to this POLICY;
(g) "DAMAGES" mean all forms of compensatory damages, and punitive-or exemplary damages, but "DAM AGES" do not include governmental, civil or criminal fines or penalties or DEFENSE EXPENSES;
(h) "DEFENSE EXPENSES" means reasonable and necessary legal fees and other expenses which are incurred by or on behalf of the INSURED in the investigation, adjustment, settlement or litigation of claims and which are paid as a consequence of an OCCURRENCE covered hereunder; excluding ail salaries of the INSURED'S employees, officers and directors and office expenses;
(i) "EXTENDED REPORTING PERIOD" means the period, if applicable, commencing, with respect to the INSURED, at the effective date of cancellation or the Expiration Date stated in item 4 of the Declarations or, with respect to a former subsidiary or affiliate of the NAMED INSURED, at the automatic expiration date provided for in Condition (m) hereof and terminating as provided in paragraph 1(b) or Condition (m) hereof, whichever is applicable;
(j) "INSURED" means the following to the extent set forth below:
(1) the NAMED INSURED and, if the NAMED INSURED is designated in Item 1 of the Declarations as a partnership or joint venture, the partnership or joint venture so designated and each partner or member thereof but only with respect to his or its liability as a partner or member;
(2) (A) any subsidiary or affiliate erf the NAMED INSURED whose accounts, as of foe date of the financial statements of foe NAMED INSURED submitted to the COMPANY most recently prior to the rating of foe premium for foe POLICY PERIOD:
(i) are consolidated in foe financial statements of foe NAMED INSURED in accordance with generally accepted accounting principles in the United States of America (or, in the case of any foreign NAMED INSURED, any subsiefiary or affiliate whose accounts would be consolidated in the financial statements of such NAMED INSURED if such accounts would have been consolidated in accordance with generally accepted accounting principles in the United States of America); or
(ii) were eligible for such consolidation and whose financial statements were submitted to the COMPANY as of such date; and/or
(B) any subsidiary or affiliate of the NAMED INSURED listed on Schedule A hereto;
(3) (A) any executive officer, other employee or director of; or
(B) any person or organization while acting as real estate manager for;
any person or entity named in paragraph (1) or (2) of this Definition (j) while acting within the scope of his or its duties as such; except with respect to the ownership, maintenance or use, including loading and unloading, of any AUTOMOBILE;
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0049-GLD-000053739
(4) with respect to the ownership, maintenance or use, including loading and unloading, of any AUTO MOBILE:
(A) owned by, lent to or hired for use by or on behalf of any person or entity named in paragraph (1) or (2) of this Definition . any person (inducting an employee of such person or entity) while using such AUTOMOBILE and any person or organization legally responsible for the use thereof, provided its actual use is with the permission of such person or entity;
(B) not owned by, lent to or hired for use by or on behalf of any person or entity named in paragraph (1) or (2) of this Definition (j), any executive officer, director, partner, employee or stockholder
of such person or entity, but only while such AUTOMOBILE is bang used in the business of such person or entity:
but none of the following shall be an INSURED under this paragraph (4) of Definition (j):
(C) any person while employed in or otherwise engaged in duties in connection with an AUTO MOBILE sales agency, repair shop, service station, storage garage or public parking place not operated by any person or entity named in paragraph (1) or (2) of this Definition (j);
(D) the owner or lessee (of whom such person or entity is sub-lessee) of any AUTOMOBILE hired for use by or on behalf of or lent to such person or entity, and any agent or employee of such owner or lessee;
(5) any person or organization except;
(A) any organization acquired or formed by or merged with an INSURED after the Inception of the POLICY PERIOD; and/or
(B) where such other person or organization is engaged in a joint venture with the NAMED INSURED;
to whom any person or entity named in paragraph (1) or (2) of this Definition (j) is obligated by virtue of a written contract or agreement to provide insurance such as is afforded by this POLICY, but only to the extent of such obligation and only with respect to operations (other than commercial insurance operations) performed by such person or entity or facilities owned or used by such person or entity:
(6) it is agreed to automatically include as an INSURED without adjustment of premium under this POLICY, any entity acquired or formed by or merged with an INSURED (a "Potential Additional INSURED") subsequent to the Inception Date stated In Item 4 of the Declarations and prior to the effective date of cancellation of the POLICY or the Expiration Date stated in Item 4 of the Declarations provided that the fair value of the sum of all cash, securities, assumed indebtedness and other consideration expended by all INSUREDS for any such acquisition, formation or merger does not exceed 5% of
the total assets of the NAMED INSURED and its consolidated subsidiaries and affiliates as most recently reported to the COMPANY for rating purposes prior to the POLICY PERIOD, and provided
further, that neither the operations of the Potential Additional INSURED prior to such acquisition, formation or merger nor the resultant combined or consolidated operations of such INSURED and the Potential Additional INSURED subsequent to such acquisition, formation or merger are materially different from those of such INSURED prior to such acquisition, formation or merger. Unless notice to the COMPANY shall have been given and any additional premium required by the COMPANY shall have been paid in respect of the acquisition or formation of or merger with any Potential Additional INSURED not meeting the criteria set forth in this paragraph (6) of Definition (j), such Potential Additional INSURED shall not be an INSURED hereunder; provided, however, it is understood and agreed that the COMPANY shall have no obligation to insure such Potential Additional INSURED hereunder and may in Its sole discretion decline to provide insurance for such Potential Additional INSURED not meeting the criteria set forth in this paragraph (6). With respect to any OCCURRENCE giving rise to liability of any Potential Additional INSURED that qualifies to be an INSURED hereunder, the RETROACTIVE DATE shall be:
(A) in the case of automatic inclusion, the date of acquisition, formation or merger of the Potential Additional INSURED by an INSURED; or
(B) in the case where an additional premium is paid, the date of acquisition, formation or merger of the Potential Additional INSURED by an INSURED or such other date as may be agreed between the NAMED INSURED and the COMPANY;
(k) "INSURED'S PRODUCTS" means:
(1) goods or products manufactured, sold, tested, handled or distributed by the INSURED or others trading under its name if the end-use thereof occurs after possession of such goods or products has been relinquished to others by the INSURED or by others trading under its name and if such use occurs away from premises owned, rented or controlled by the INSURED; provided such goods or products shall be deemed to include any container thereof other than an AUTOMOBILE, WATER CRAFT or AIRCRAFT; and/or
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[14 of 16]
(
GLD053740
0049-GLD-000053740
(2) materials that were the subject of completed dr abandoned OPERATIONS of the INSURED;
(l ) "NAMED INSURED" means the person or organization first named in Item 1 of the Declarations;
(m) "OCCURRENCE" means:
(1) an event or a continuous, intermittent or repeated exposure to conditions which causes, allegedly causes or is deemed to cause PERSONAL INJURY or PROPERTY DAMAGE or gives rise, allegedly gives rise or is deemed to give rise to ADVERTISING OFFENSE, where:
(A) the event or conditions commence subsequent to the RETROACTIVE DATE and prior to the effective date of cancellation or the Expiration Date stated in Item 4 of the Declarations;
(B) all of such PERSONAL INJURY, PROPERTY DAMAGE or ADVERTISING OFFENSE commences subsequent to the RETROACTIVE DATE; and
(C) some of such PERSONAL INJURY. PROPERTY DAMAGE or ADVERTISING OFFENSE com mences prior to the effective date of cancellation or the Expiration Date stated in Item 4 of the Declarations; or
(2) use of an INSURED'S PRODUCT:
(A) which causes, allegedly causes or is deemed to cause PERSONAL INJURY or PROPERTY DAMAGE where some of such PERSONAL INJURY or PROPERTY DAMAGE commences prior to the effective date of cancellation or the Expiration Date stated in Item 4 of the Declarations;
and, except as may be specifically agreed between the NAMED INSURED and the COMPANY in an endorsement hereto:
(B) where all PERSONAL INJURY and PROPERTY DAMAGE resulting from such use commences entirely at or subsequent to the RETROACTIVE DATE; and
(C) where the INSURED at the Inception Date stated in Item 4 of the Declarations has no knowledge or notice of any defect or hazard or alleged defect or hazard associated with the INSURED'S PRODUCTS or similar products causing or allegedly causing such PERSONAL INJURY or PROP ERTY DAMAGE;
arid which PERSONAL INJURY, PROPERTY DAMAGE or ADVERTISING OFFENSE is reasonably neither expected nor intended by the INSURED.
Where the INSURED becomes liable for a series of and/or several losses, PERSONAL INJURIES, PROP ERTY DAMAGES or ADVERTISING OFFENSES which' result directly or indirectly from the same or sub stantially the same event, conditions, cause, defect or hazard or alleged defect or hazard or failure to warn or alleged failure to warn of such, all such losses, PERSONAL INJURIES. PROPERTY DAMAGES or ADVERTISING OFFENSES shall be added together and shall be treated as one OCCURRENCE irrespec tive of the period or area over which the losses, PERSONAL INJURIES. PROPERTY DAMAGES or AD VERTISING OFFENSES occur or the number of such losses, PERSONAL INJURIES. PROPERTY DAMAGES or ADVERTISING OFFENSES.
With respect to losses. PERSONAL INJURES, PROPERTY DAMAGES or ADVERTISING OFFENSES re sulting or alleged to result from fhe design, formulation, manufacture, distribution, use, operation, main tenance or repair of an INSURED'S PRODUCT or the failure to warn as to the use, operation or maintenance of an INSURED'S PRODUCT, the term "the same or substantially the same event, conditions, cause, defect or hazard or alleged defect or hazard or failure to warn or alleged failure to warn of such" shall mean any such design, formulation, manufacture, distribution, use, operation, maintenance, repair or failure to warn, as the case may be, from which such losses, PERSONAL INJURIES, PROPERTY DAM AGES or ADVERTISING OFFENSES directly or indirectly result;
(n) "OPERATIONS" means operations of the INSURED away from premises owned, rented or controlled by the INSURED and includes materials, parts or equipment furnished in connection therewith. OPERATIONS shall be deemed completed at the earliest of the following times:
(1) when all OPERATIONS to be performed by or on behalf of the INSURED under the contract have been completed;
(2) when all OPERATIONS to be performed by or on behalf of the INSURED at the site of the OPERA TIONS have been completed; or
(?) when the portion of the work out of which the injury or damages arise has been put to its intended use by any person or organization other than another contractor or subcontractor engaged in performing OPERATIONS for a principal as a part of the same project;
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GLD053741
0049-GLD-000053741
(o) "OTHER INSURANCE" means any other insurance available to the INSURED which, irrespective of the existence of this POLICY, indemnifies the INSURED for, or pays on behalf of the INSURED, DAMAGES or DEFENSE EXPENSES with respect to an OCCURRENCE for which DAMAGES or DEFENSE EXPENSES, depending bn the amount(s) thereof, may be indemnifiable or payable under this POLICY; except OTHER INSURANCE does not include insurance under any policy or policies issued by the COMPANY or insurance under any policy or policies in which this POLICY is specifically scheduled as underlying insurance or under any policy which is scheduled in this POLICY as insurance in excess of this POLICY;
(p) "PER OCCURRENCE UNDERLYING AMOUNT" means the amount stated in Item 3 of the Declarations;
(q) "PERSONAL INJURY" means:
(1) bodily injury, shock, fright, mental injury, mental anguish, disability, sickness or disease sustained by any person, including death at any time resulting therefrom;
(2) injury arising out of false arrest, detention or imprisonment, malicious prosecution, wrongful entry or eviction or other invasion of die right of private occupancy, humiliation or discrimination because of race, religion, age, sex or physical disability (unless insurance therefor is prohibited by law); and
(3) except with respect to injury occurring in the course of the INSUFED'S advertising activities, injury arising out of the publication or utterance of a libel or slander or of other defamatory or disparaging material, or a publication or utterance in violation of an individual's right of privacy;
(r) "POLICY" means all the terms of insurance issued by the COMPANY to the NAMED INSURED for the POLICY PERIOD set forth in Item 4 of the Declarations including the Application herefor, the Declarations and Schedules hereto and any Endorsements at any time endorsed hereon;
(s) "POLICY PERIOD" means the period set forth in Item 4 of the Declarations commencing with the Inception Date and terminating with the effective date of cancellation or the Expiration Date;
(t) "POLLUTANT" means any solid, liquid, gaseous or thermal irritant, contaminant or toxic or hazardous substance or any substance which may, does or is alleged to affect adversely the environment, property, persons or animals, including smoke, vapor, soot, fumes, acids, alkalis, chemicals and WASTE;
(u) "PROPERTY DAMAGE" means:
(1) physical injury to or destruction of tangible property including the loss of use thereof at any time resulting therefrom; or
(2) loss of use of tangible property which has not been physically injured or destroyed;
(v) "RETROACTIVE DATE" means the time and date stated in Item 5 of the Declarations or, with respect to any Potential Additional INSURED, the date provided for in paragraph (6) of Definition (j);
(w) "ULTIMATE NET LOSS" means the total sum which the INSURED shall become obligated to pay as DAMAGES and/or DEFENSE EXPENSES on account of PERSONAL INJURY, PROPERTY DAMAGE or ADVERTISING OFFENSE, either by final judgment against the INSURED after trial or by settlement ap proved in writing by the COMPANY after making proper deduction for all recoveries and salvages collec tible;
(x) "WASTE" means POLLUTANTS that are or are to be disposed of or stored for or as disposal, or are to be or are being recycled, reconditioned or reclaimed;
(y) "WATERCRAFT" means any ship or vessel of whatever type including, but not limited to, cargo vessels, passenger vessels, other vessels used for transport, towboats and barges, vessels used in the construc tion of pipelines, platforms or other facilities, storage vessels, tanker vessels, drill ships, offshore drilling platforms, drilling barges (including, without limitation, submersible drill barges, semi-submersible chill barges and self-elevating drill barges) and all other vessels of whatever nature and description, all whether or not self-propelled.
IN WITNESS WHEREOF, each of the members of the COMPANY has caused this POLICY to be signed on its behalf by the President and a Secretary of the COMPANY and countersigned on the Declarations Page by a duly authorized agent of the COMPANY.
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[IS of 161
GLD053742
0049-GL D-000053742
Schedules
A. Subsidiaries or affiiates which form part of the NAMED INSURED -- See Definition (j)(2}(8)
ARC America, Inc. effective i 1/1/89
-''
........................................ < --.............................................
II I
............... '
--... .nil .--Ml I
I '................. I
-------------------
--"" ..............v--,..
.............. -
'
.....
. .-- ii
"
' - '--V. - --- -
......... -
" w.. .
B. Additional premiums for the EXTENDED REPORTING PERIOD --- See Coverage (b)
Year of
Per Cent of
Extended
Premium
Reporting
Stated In Items
Period ofthe Declarations
1st year. ................ _u%
2nd year ................ _2.%
3rd year ................ _L%
Yearcf
Per Centof
Extended
Premium
Reporting
Stated in Item 8
Period
ofthe Declarations
4th year .... .......... 7 %
5th year -- .......... 5 %
C. COMPANY'S Short Rate Table -- See Condition (q)
Oaye Policy In Force
Per CentOf Premium
Stated in Item 6 ofthe Declarations
Days Policy In Force
Par Cent of Premium
Stated in Item 6 of the Declarations
1 ................................ 5%
95-98 .................. .......... 37%
2...........
99-102 ............... .......... 38
3-4................................ 7
103-105 ................ ......... 39
5-6........... ................... 8
106-109 ................ .......... 40
7-8................................ 9
110-113 ................ ......... 41
9-10................................ 10
114-116 ................ .......... 42
11-12 ................................ 11
117-120 ................ .......... 43
13-14................................ 12
121-124 ................ .......... 44
15-16 ................................ 13
125-127 ................ .......... 45
17-18................................ 14
128-131 ................
19-20 ................................ 15
132-135 ................ .......... 47
21-22........................:.... i6
136-138 ................ .......... 48
23-25 ................................ 17
139-142 ................ .......... 49
26-29 ................................ 18
143-146 ................ .......... 50
30-32 ................................ 19
147-149 ................ .......... 51
33-36 ................................ 20
150-153 ............. .......... 52
37-40................................ 21
154-156 ................ ......... 53
41-43................................ 22
157-160 ................ .......... 54
44-47 ................................ 23
161-164 ................ ......... 55
48-51 ................................ 24
165-167 ................ .......... 56
52-54 ................................ 25
168-171 ............. . ......... 57
55-58 ........... ..................... 26
172-175 ........... . .......... 58
59-62 .......... ..................... 27
176-178 ................ .......... 59
63-65 .......... ..................... 28
179-182 ................ ....... 60
66-69 .......... ..................... 29
183-187................ .......... 61
70-73 ................................ 30
168-191 ................ .......... 62
74-76 ......... ..................... 31
192-196 ................ .......... 63
77-80 ................................ 32
197-200 ................ .......... 64
81-33 .......... ..................... 33
201-205 ................ .......... 65
84-87 .......... ..................... 34
206-209 ................ .......... 68
88-91 ......... ..................... 35
210-214 ................ .......... 67
92-94 ......... ..................... 36
215-218 ................ .......... 68
Days Policy In Fores
Per Cent of Premium
Statadin Items of the Declarations
219-223 ...... ................... 69%
224-228 ...... ................... 70
229-232 ...... ................... 71
233-237 ...... ............. 72
238-241 ..... ................... 73
242-246 ...... ................... 74
247-250 ...... ................... 75
251-255 ...... ................... 76
256-260....... ............... . 77
261-264 ...... ................... 78
265-269 ...... ................... 79
270-273 ...... ........ ......... . 80
274-278 ...... ................... 81
279-282 ...... ................... 82
283-287 ...... :::::::::::::-5 288-291 ......
292-296 ...... ................... 85
297-301 ...... .............. . 86
302-305 ...... ................... 87
306-310 ...... ................... 88
311-314 ...... ........... .
09
316-319 ...... ................... 90
320-323 ......
324-328 ...... .................... 92
329-332 ...... .................... 93
333-337 ...... .................... 94
338-342 ...... .................... 95
343-346 ......
347-351 ...... .................... 97
352-355...... .................... 98
356-360 ..... ................... 99
361-365 ...... .................... 100
D. WATERCRAFT and risks not excluded under Exclusion (b). Tug boat "Satin Lady" plus 3 barges in Baltimore, MD for Hanson Industries. 13 barges, 2 steel hull dredges and 2 towboats used by Dredging & HauliP-gj- Inc, in Ohio River.__________________________________
............ ........ --....... ....... ............ --........ V .... .. ...................... .......... ------------- .................................................................
AEIA 13
[1 of 1]
GLD053743
0049-GLD-000053743
LIABILITY OF INSURERS ENDORSEMENT
Endorsement Number 1. Effective Date of Endorsement
October 1st 1989
Attached to and forming part of POLICY Number
NAMED INSURED
Hanson Industries
HN000036689
It is hereby understood and agreed between the NAMED INSURED and the insurance companies listed below, which are the members of American Excess Insurance Association (referred to in the POLICY as "the COM PANY"), as follows:
(1) the insurance afforded by this POLICY is provided by the several separate insurance companies listed below (hereafter the "insurance companies") and not by the American Excess Insurance Association which is not an insurance company;
(2) the liability of the insurance companies shall be several and not joint. The liability of each insurance company shall be separate and apart from the liabilities of all other insurance companies and in no event shall any insurance company participate in the liability of any other insurance company;
(3) the maximum liability of all the insurance companies shall be the total of the percentage participations of such insurance companies as listed below, which total of percentage participations is rrf&75,000.000 ;
(4) each insurance company shall only be liable under the POLICY for the percentage, set opposite its name below, of any ULTIMATE NET LOSS; provided that:
(A) in the event that the total of the percentage participations of the insurance companies listed below is less than 100% of $?.5 ..Q.0.0J2.0Q--, then, in respect of any ULTIMATE NET LOSS, irrespective of the amount thereof, the INSURED shall have no right of recovery under this POLICY for the uninsured percentage of such ULTIMATE NET LOSS, which uninsured percentage is the percentage by which such total of the percentage participations is less than 100%;
(B) in no event shall any insurance company pay more than the percentage set opposite its name of the amount stated in Item 2 of the Declarations as the COMPANY'S Limit of Liability;
(C) in the event that any insurance company for any reason whatsoever, including but not limited to the insolvency or financial impairment of such insurance company, is unable or refuses to indemnify any INSURED in respect of the percentage of any ULTIMATE NET LOSS for which such insurance company is liable, no other insurance company or companies shall be liable for such percentage and the INSURED shail have right of recovery of such percentage only from the insurance company which is so unable or so refuses.
INSURANCE COMPANIES
THE AETNA CASUALTY AND SURETY COMPANY AMERICAN HOME ASSURANCE COMPANY CONTINENTAL CASUALTY COMPANY FEDERAL INSURANCE COMPANY THE CONTINENTAL INSURANCE COMPANY UNITED STATES FIRE INSURANCE COMPANY GENERAL STAR NATIONAL INSURANCE COMPANY THE HOME INSURANCE COMPANY INSURANCE COMPANY OF NORTH AMERICA MARYLAND CASUALTY COMPANY NAC REINSURANCE CORPORATION ROYAL INSURANCE COMPANY OF AMERICA THE TRAVELERS INDEMNITY COMPANY ZURICH INSURANCE COMPANY, U.S. BRANCH
PERCENTAGE PARTICIPATION
16.33% 7.50% 7.50% 8.83% 7.50% 7.50% 1.33% 1.33% 13.34% 1.50% 1.50% 4.00% 13.34% 8.50%
AEIA2
President Signature of Authorized Representative
Farmington Management, Inc.
[1 of 1]
GLD053744
0049-GLD-000053744
AMERICAN EXCESS INSURANCE ASSOCIATION
ARCHITECTS, ENGINEERS OR SURVEYORS PROFESSIONAL LIABILITY EXCLUSION ENDORSEMENT
It is agreed that this POLICY shall not apply to any liability or alleged liability of the INSURED for PERSONAL INJURY, PROPERTY DAMAGE or ADVERTISING OFFENSE in any manner arising out of any act, error or omission in the rendering of or failure to render professional services by architects, engineers or surveyors, including, but not limited to: (1) the preparation or approval of maps, plans, opinions, reports, surveys,
designs or specifications; and (2) supervisory, inspection or engineering services; provided, however, that this exclusion shall not apply if such professional services are provided in connection with the construction services of the insured in the same contract that provides for such construction services and if no separate fee is charged for such professional services.
This endorsement forms a part of the POLICY to which attached, effective on the inception date of the POLICY unless otherwise stated herein.
(The information below is required only when this endorsement is issued subsequent to preparation of the POLICY.)
Endorsement effectivePolicy No. Endorsement No._
NAMED INSURED AEIArl5
Countersigned by: (Authorized Representative)
GLD053745
0049-GLD-000053745
MANDATORY ENDORSEMENT
(For Use on Policies Issued In New York) It is agreed that such insurance as is afforded by the Policy is amended as follows:
1. "Pay On Behalf Of" is substituted for "Indemnify" whenever such word appears in the Policy.
2. By the addition of "... or the licensed agent of the Company ..." after the word "... Company ..." in the seventh (7th) line of IV Condition (c) Notice of Occurrence or Claim.
3. IV condition (q) Cancellation is amended to read as follows:
"(q) Cancellation or Non-Renewal
This POLICY may be cancelled:
(1) at any time by the NAMED INSURED by delivering written notice to the COMPANY stating when cancellation shall be effective; or
(2) by the COMPANY by delivering written notice to the NAMED INSURED stating when, not less than ninety (90) days from the date notice was delivered, cancellation shall be effective; except, in the event of cancellation for nonpayment of premiums, such cancellation shall become effective fifteen (15) days after the date notice is delivered. Payment or tender of unearned premium is not a condition of cancellation. After the new or renewal POLICY has been in force for more than sixty (60) days, the POLICY may be cancelled by the COMPANY only if:
(a) required pursuant to a program approved by the Superintendent of Insurance of the State of New York as necessary because a continuation of the present premium volume would be hazardous to the interests of policyholders of the COMPANY, its creditors or the public, or
1- -
GLD053746
0049-GLD-000053746
(b) the cancellation is based on one or more of the following reasons:
(A) Non-payment of premium.
(B) Conviction of a crime arising out of acts increasing the hazard insured against,
(C) Discovery of fraud or material misrepresentation in obtaining the POLICY or in the presentation of a claim thereunder,
(D) Discovery of willful or reckless acts or omissions increasing the hazard insured against,
(E) Physical changes in the property insured occurring after issuance or last annual anniversary data of the POLICY which result in the property becoming uninsurable in accordance with the COMPANY'S objective, uniformly applied underwriting standards in effect at the time the POLICY was issued or last voluntarily renewed, or
(F) A determination by the Superintendent of Insurance of the State of New York that the continuation of the POLICY would violate or would place the COMPANY in violation of the laws of the State of New York.
In the event the POLICY is non-renewed by the COMPANY, written notice of its intention to non-renew shall be delivered by the COMPANY to the NAMED INSURED at least sixty (60) days prior to the termination or renewal date of the POLICY. Such notice shall state the reasons for non-renewal. No increase in rates for such POLICY shall be imposed unless written notice of intention thereof is delivered to the NAMED INSURED at least sixty (60) days prior to the anniversary date of such POLICY.
-2-
GLD053747
0049-GLD-000053747
Delivery by hand of such notice either by the NAMED INSURED or the COMPANY shall be sufficient delivery. Written notice shall be deemed sufficient delivery if sent by certified mail, return receipt requested, or by telex and receipt is acknowledged. The POLICY PERIOD shall end on the effective date and hour of cancellation stated in the notice.
In the event of cancellation by the INSURED, the premium retained by the COMPANY shall be calculated in accordance with the COMPANY'S short rate table which is attached hereto as Schedule C. In the event of cancellation by the COMPANY, the premium retained by the COMPANY shall be calculated pro-rata based upon the duration of the POLICY PERIOD.
For purposes of notice required under this condition (q) or pursuant to regulation, the offer by the COMPANY of renewal on terms or premiums different from those in effect during the POLICY PERIOD shall not constitute cancellation or non-renewal of this POLICY by the COMPANY."
4. The definition of (g) "DAMAGES" of V Definitions is amended to read as follows:
"DAMAGES" means damages on account of PERSONAL INJURY, PROPERTY DAMAGE or ADVERTISING OFFENSE, but "DAMAGES" do not include governmental, civil or criminal fines or penalties and "DEFENSE EXPENSES".
5. Subparagraph 2 of (q) "PERSONAL INJURY" is amended to read as follows;
"(2) injury arising out of the false arrest, detention or imprisonment, malicious prosecution, wrongful entry or eviction or other invasion of the right of private occupancy, or humiliation; and --"
-3-
GLD053748
0049-GL D-000053748
It is further agreed that as a consequence of this amendment, coverage for injury arising out of the discrimination is excluded and is not covered by the Policy.
AEIA-S-6
-4-
GLD053749
0049-GLD-000053749
lames
ESTIMATED SALES SINCLAIR
10/1/89 TO 10/1/90 (000'S)
DIVISION
1990 SALES
A&S BUILDING ANDERSON HICKEY AXELSON BAYLIS BROTHERS BROWN MOULDING COLUMBIA LIGHTING DUKE CITY ENCINO SHIRT GEORGIA BOOT HURON KEYSTONE LIGHTING LEON PLASTICS M W MANUFACTURERS NEVCO HOUSEWARES PRESCOLITE RAU FASTENERS SUPERLITE BUILDERS. TETERS FLORAL UNITED CHAIR
BALTIMORE SPICE
PROCTOR SCHWARTZ SCM CHEMICALS SCM GLIDCO ORGANICS SCM METAL PRODUCTS
49,645 '41,266 32,057 ""97,888 "77,700
i/32,548 c-' 0 68.880
11,340 75,611 12,782 40,586
30,608 66,150
'"60,176
U 17,038 >"528,915 33,600 / 69,300
TOTAL SINCLAIR
1,680,708
/
GLD053750
0049-GLD-000053750
ESTIMATED SALES MAJOR
10/1/89 TO 10/1/90 (000'S)
DIVISION
1990 SALES
ARCHITECTURAL AREA LIGHTING
<5,355
ASSOCIATED TESTING
1/5,670
ALANTIC CONTRACT CARRIERS
<8,53 5
BAYLESS STATIONERS
/55,913
BEAR ARCHERY COMPANY
''24,575
BEARING INSPECTION, INC.
.< 0
BRIGHT STAR INDUSTRIES, INC.<11,817
W.D. BYRON S SONS, INC. --/.'v;
<61,950
CHATAS GLASS COMPANY, INC.^-<t9,-s>-.LV-'
< 751
CONTINENTAL OFFICE SUPPLY - ..
>-5,426
CRAIG SYSTEMS CORPORATION '
><1.5,488
DEVINE LIGHTING, INC.
<12,023
DOUGLAS RANDALL DIVISION
<i,827
DURA STEEL
/l3,125
EAM, INC.
(<2,625
THE ERTL COMPANY
78,047
FARBERWARE
<111,300
FASHION, INC.
< 9,345
GARDEN STATE TANNING
<43,050
GREENWALD INDUSTRIES DIVISION
1/15,750
GROVE MANUFACTURING COMPANY
<174,958
HALKEY-ROBERTS CORPORATION
t 11,934
ISLES INDUSTRIES, INC.
< 6,909
JACUZZI BROTHERS DIVISION
>-28,031
JACUZZI WHIRLPOOL BATH
<78,750
THE JADE CORPORATION
>24,150
JADE TECHNOLOGIES, INC.
<9,450
JW LIGHTING, INC.
<18,900
KENT/DURA
<8,190
KEYSTONE LAMP MANUFACTURING CORP.
<15,750
KIDDE CONSULTANTS, INC.
./41,840
KIDDE CREDIT CORP.
><6,914
KIDDE RECREATION PRODUCTS
-< 0
KIM LIGHTING, INC.
<33,600
MARVIN ELECTRIC MANUFACTURING CORP.
-32,742
MCQUIDDY OFFICE SUPPLY
<42,000
NATIONAL CRANE CORPORATION
/34,503
NEW JERSEY OFFICE SUPPLY
<189,237
NEWPORT PLASTICS CORPORATION
< 2,520
PIEDMONT MOULDING CORPORATION
/8,664
PROGRESS LIGHTING
<0
REXAIR INC.
<57,356
ROSS-MARTIN
>24,377
SCHWABACHER/FREY INC.
>29,400
SCOTT RICE
>-56,780
GLD053751
0049-GLD-000053751
James
ESTIMATED SALES MAJOR
10/1/89 TO 10/1/90 (000'S)
DIVISION
SHADECO, INC. SPARTUS CORPORATION SPAULDING LIGHTING, INC. SUNSET LAMP THEURER, INC. TOMMY ARMOUR GOLF COMPANY TOSE-FOWLER, INC. TUCKER HOUSEWARES UNIVERSAL GYM EQUIPMENT THE VALLEY COMPANY WEBER AIRCRAFT DIVISION
TOTAL MAJOR SALES
1990 SALES
0 /66,150 42,265 i/13,514 /26,250 1/32,764 29,930 `''116,239 35,921 i/15,992 i' 0
1,798,550 -
/-
3
GLD053752
0049-GLD-000053752
James
HANSON INDUSTRIES DESCRIPTION OF OPERATIONS 1990
OPERATION
PRODUCT LINES
BULLDOG DIVISIONS
0. AMES CO
MANUFACTURERS AND DISTRIBUTORS OF A UIDE RANGE OF LAUN ANO GARDEN TOOLS.
HAJOR LOCATIONS
PARKERSBURG, WV ELYRIA, OH READING, PA
CAR2S8ROOK
SUPPLIER OF DECORATOR PILLOWS, HASSOCKS, CUSHIONS ANO CHAIR PADS. SPECIALITY TEXTILE MACHIKERY FOR KNITTED FABRICS. QUALITY LACE PRODUCTS. HIGH QUALITY YARNS.
NEW YORK, NY ANNISTON, AL RICHMOND, VI MOORESVILLE, NC GLEN FALLS, NY WOOOSIDE, NY CARYSBROOK, VI
EMDICOTT JOHNSON
MANUFACTURERS, RETAILERS, AND IMPORTERS OF SAFETY, SPORT ANO CASUAL SHOES.
EMDICOTT, NY JOKHSON CITY, MY FORREST CITY, PA fUNKHANNOCK, PA FARMINGTON, MO CARLYLE, IL MILDRED, PA
HANSON CORPORATE
CORPORATE HEADQUARTERS
ISELIN, NJ
GLD053753
0049-G LD-000053753
James
KAISER CEMENT
CEMENT, CLINKER, CONCRETE, AND AGGREGATE.
TOTAL BULLDOG
OAKLAND, CA PERMANENT, CA SAN ANTOKJO, TX
HANSON INDUSTRIES DESCRIPTION OF OPERATIONS 1990
OPERATION
PRODUCT LINES
MAJOR LOCATIONS
SINCLAIR DIVISIONS
THE GROUND ROUND
RESTAURANTS-"DIVISION PROJECTED TO BE SOLD EFFECTIVE 10/01/89
178 LOCATIONS 30 OWNED 148 LEASED
ASS BUILDING SYSTEMS
PRE-ENGINEERED METAL 8UILDING PARTS, AND COMPONENTS.
HOUSTON, TX CARYVILLE, TN
ANDERSON-HICKEY
LATERAL AND VERTICAL FILING CABINETS, OESKS, COMPUTER WORK STATIONS, CREDENZAS, STORAGE CA8INETS, MACHINE STANDS, BOOKCASES, CONFERENCE S WORK TABLES, WOOD CHAIRS ' AND CONTEMPORARY PLASTIC CHAIRS.
HENDERSON, TX HALLS, TK
AXELSON
EQUIPMENT FOR THE PRODUCTION, PIPELINE
LONGVIEW. TX
0049-GLD-000053754
James
AND PROCESSING SEGMENTS OF THE ENERGT BUSINESS.
COL. SPRINGS, CO
HANSOM INDUSTRIES DESCRIPTION OF OPERATIONS 1990
OPERATION
PRODUCT LINES
BATLIS BROTHERS
HAND-SMOCKED DRESSES FOR GIRLS NEUBORN THROUGH SIZE 14CP0LLT FLINDERS, PRINCESS ANKE,ENFANT COUTURE).
BROWN MOULDING
LINEAL WOOD MOLDING, FINGER JOINTS, PRE-CUT CASTINGS AND JAMBS.
COLUMBIA LIGHTING
SPEC GRADE FLUORESCEST LUMINAIRES FOR THE COMMERCIAL BUILDING MARKET
DUKE CITY LUMBER
DEMENS!ON LUMBER,BOARDS, TIMBERS TREATED LUMBER AND SOLID, FINGER JOINT AND VINYL CLAO MOULDINGS
MAJOR LOCATIONS
CINKINNATI, OH BARBADOS, U! ST. VINCENT, Wt
MONTEVALLO, AL HOFFMAN, NC LAKE MONROE, FL SHREVESPORT, LA LOUISVILLE, KY ALBUQUERQUE, NM
SPOKANE, VA GREENSBORO, NC
ALBUQUERQUE, NM CUBA, NM ESPAHOLA, NM UINSLOU, AZ SPLENDORA, TX
u
GLD053755
0049-GL.D-000053755
James
HANSON INDUSTRIES DESCRIPTION OF OPERATIONS 1990
OPERATION ENCINO SHIRT
PRODUCT LINES
SWEATER SHIRTS, MEN'S BOY'S CUT & SEW KNITS, LADIES' WEAR OPERATION BEING CLOSED DOWN
MAJOR LOCATIONS
CONCORD, NC KT. PLEASENT, NC FAIRMONT, NC MOULTON, Al
GEORGIA BOOT
BOOTS AND SHOES FOR THE WORK, OUTDOORS LEISURE AND WESTERN WEAR MARKETS(GEORGIA BOOT, NORTHLAKE, DURANCO BOOT AND DURANGO WEST}.
FRANKLIN, TN CHAPEL HILL, TN CENTERVILLE, TN BIA1RSVILLE, GA
HURON
VACUUM AND WATER FITTINGS, BRAZED AND WELDED ASSEMBLIES, SPACERS, PORT PLUGS, AUTOMOTIVE VALVES AND AIR PIPE FITTINGS.
LEXINGTON, MI
KEYSTONE LIGHTING
COMMERCIAL AND INDUSTRIAL FLUORESCENT LIGHTING FIXTURES.
BRISTOL, PA
LEON PLASTICS
MOLDED PLASTIC PARTS
GRAND RAPIDS, MI ALDA, N8
OPERATION HU MFG.
HANSON INDUSTRIES DESCRIPTION OF OPERATIONS 1990
PRODUCT LINES
WOOD WINDOW, FLUSH DOORS, BIFOLO DOORS, CURVED PLYUOOO AND ADHESIVES.
MAJOR LOCATIONS
ROCKEY MOUNT, NC FAYETTVILLE, NC THOMASVILLE, NC MIAMI, FL
_
}
GLD053756
0049-GLD-000053756
James
NEVCO
PROMOTIONAL HOUSEUEARS
GARFIELD, KJ
PRESCOLITE RAU FASTENER
INDOOR AND OUTDOOR LIGHTING UTILIZING INCANOESCENT, HIGH INTENSITY DISCHARGE AKO FLOURESCENT LIGHT SOURCES. DIMMING PRODUCTS LIGHTING CONTROL SYSTEMS.
SAN LEANDRO, CA CARROLTON, TX EL DARADO, AR PINE BROOK, NJ ONTARIO, CAN
HETAL SNAP FASTENERS, EYELETS, BUCKLES, AMO OTHER MENTAL CLOSURES.
PROVIDENCE, R1 MONTREAL, QUE
SUPERLITE
CONCRETE MASONARY UNITS AND ALUMINUM DOORS ANO UINOOUS.
PHOENIX, AZ TEMPE, AZ UINONA, AZ
HANSON INDUSTRIES DESCRIPTION OF OPERATIONS 1990
OPERATION
PRODUCT LINES
MAJOR LOCATIONS
TETERS FLORAL TETERS, LTD. UINCO LIMITED
ARTIFICIAL POLYESTER FLOWERS, DRIED FLOWERS, TA8LE AND WALL ARRANGEMENTS, CHRISTMAS DECORATIONS, MEMORIAL WREATHS AND SPRAYS.
BOLIVAR, MO HONG KONG
UNITED CHAIR
LATERAL AND VERTICAL FILING CABIHETS, DESKS, COMPUTER UORK STATIONS, CREDENZAS, STORAGE CABINETS, MACHINE STANDS, BOOKCASES, CONFERENCE & WORK TABLES, WOOD CHAIRS AND CONTEMPORARY PLASTIC CHAIRS.
HENDERSON, TX HALLS, TN LEEDS, AL IRONOALE, AL
8ALTIMORE SPICE
SPICES, HORS D'OEUVRES-
DURKEE INDUSTRIAL
SPICES, SEASONINGS, EDIBLE OILS, DOUGH COATINGS, CONFECTIONARY COATINGS
8ALTIHORE, MD
CLEVELAND, OH BALTIMORE, MC
GLD053757
0049-GLD-000053757
I
James
{
PROCTOR-SCHWARTZ
INDUSTRIAL DRYING AHO PROCESSING EQUIPMENT.
BETHLEKAM, PA SHARONVILLE, OH
HOASKAM. PA
~3i
HANSON 1H0USTRIES DESCRIPTION OF OPERATIONS 1990
OPERATION
PRODUCT LINES
MAJOR LOCATIONS
SCK CHEMICAL (PIGMENTS)
SCM GLIDCO ORGANICS
SCM METALS
A UHITE INORGANIC PIGMENT (TITANIUM DIOXIDE) USED AS A WKITEHER ANO PACIFIER IN THE MANUFACTURER OF PAINTS, PAPER, PLASTICS AND RUBBER PRODUCTS
BALTIMORE, MD ASHTABULA,OH
PINE OILS, AROMA & FLAVORS, AND SPECIALITY
SUBSTANCES BASED ONTERPENE, SILANE AND FLOURIHE TECHNOLOGY
JACKSONVILLE, FL BRUNSWICK, GA GA1NSVILIE, FL
SPECIALITY FARROUS AND NON-FARROUS METALS, PRIMARILY COPPER.
RESEARCH TRIANGLE PARK, NC JOHNSTOUN, PA HAMMONO, IN
CORTLAND, NT GENEVA, NY HEW CANAAN, CT
TOTAL SINCLAIR
1
GLD053758
0049-GLD-000053758
James
HANSOM INDUSTRIES DESCRIPTION OF OPERATIONS 1990
OPERATION
PROOUCT LINES
KIDDE DIVISIONS
ARCHITECTURAL AREA OUTDOOR & LANDSCAPE LIGHTING,
LIGHTING
SECURITY VANDALPROOF LIGHTING
MAJOR LOCATIONS
LA MIRADA, CA
ARTESIANIAS BAJA
HANDCRAFTED INTERIOR AND EXTERIOR RESIDENTIAL LIGHTING FIXTURES S LAMPS.
TtUJUAKA, BAJA CALIFORNIA, MX
ASSOCIATED TESTING LABORATORIES
ELECTRONIC TESTING, MILITARY & AEROSPACE QUALIFICATION TESTING, INDUSTRIAL TESTING, MARKETING RESEARCH, PACKAGE TESTING...
BURLINGTON, MA
ATLANTIC CONTRACT CARRIERS
CARRIERS
SCRANTON, PA
BAYLESS STATIONERS OFFICE SUPPLIES STATIONERY, OFFICE FURNITURE, INFO DATA PROCESSING SUPPLIER
CARSON, CA
HANSON INDUSTRIES DESCRIPTION OF OPERATIONS 1990
OPERATION
PRODUCT LINES
MAJOR LOCATIONS
BEAR ARCHERY CO.
ARCHERY PRODUCTS, SOUS ARROWS, OUTDOOR 8 CAMPING EQUIPMENT
GA1NSVILIE, FL
\o
GLD053759
0049-GLD-000053759
_JefVUfffcjHSPECT ION
AIRCRAFT ENGINE SEARING INSPECTION &
OVERHAUL; RELUBE, MANUFACTURE OF ELECTRONIC TEST EQUIPMENT.
SANTA FE SPRINGS, CA SAO PAULO, SAN PAULO. BRAZIL
BRIGHT STAR INDUSTRIES, INC.
BATTERIES, DRY CELL, FLASHLIGHTS & LANTERNS CLIFTON, NJ
W.D.8YR0H S SONS
SPECIALTY LEATHERS
WILLIAMSPORT, MO
CHATAS GLASS
MICRO AND SEHIMICOR-INSTRUMENTS * APPARATUS, VINELAND, NJ SCIENTIFIC & LABORATORY GLASS APPARATUS
HANSON INDUSTRIES DESCRIPTION OF OPERATIONS 1990
OPERATION
PROOUCT LINES
CONTINENTAL OFFICE (See SCOTT RICE) SUPPLY
MAJOR LOCATIONS
OALLAS, TX
CRAIG SYSTEMS
MOBILE SHELTERS & VANS, SHELTER HANDLING EQUIPMENT AND SKOCK ISOLATING SYSTEMS, EQUIPMENT PALLETS & TRANSIT FRAMES (ASSOCIATED ENVIRONMENTAL SYSTEMS DIVISION)
AMESBURY, HA
DEVINE LIGHTING
CAST S EXTRUDED ALUMINUM LTG FIXTURES, AREA LTG, ARCHITECTURAL DECORATIVE LTG, ENVIRONMENTAL LTG, EMERGENCY LTG, EXIT LIGHT FIXTURES...
KANSAS CITY, MO
GLD053760
0049-G LD-000053760
01VISION
ELECTRICAL 8 ELECTRONIC COILS, ELECTROMECHANICAL ASSEMBLIES, FREQUENCY RESPONSE SWITCHES, LOGIC MOOUtES, PROPORTIONAL CONTROLS, TRANSFORMERS...
PAUCATUCK, CT
OPERATION DURA STEEL
EAM, INC.
HANSON INDUSTRIES DESCRIPTION OF OPERATIONS 1990
PRODUCT LINES
MAJOR LOCATIONS
APARTMENT HOUSE MAILBOXES, LIGHTING FIXTURES, SANTA FE SPRINGS, CA FIXTURES, MEDICINE CABINETS, MIRRORS, RANGEHOODS, CULTURED MARBLE, CULTURED ONYX 8 LYTON(TM) BATHTUBS...
(See JADE)
SXIPPACK, PA
THE ERTL COMPANY
AMT PLASTIC HODEL KITS,"BLUEPRINT MINIATURE" DYERSVILLE, 10 DIE-CAST TOYS, CHILDREN'S PHONOGRAPHS, CASSETTE PLAYERS AND RADIOS.RIOING TOYS, WALKIE TALKIES, STAMPED STEEL TOYS AND TRUCKS, ETC...
FARBERUARE
STAINLESS STEEL COOKWARE PRODUCTS WITH ALUMINUM CLAD BOTTOMS, TEA KETTLES, WOKS, MIKING BOWLS, TRAYS. COLANDERS, ETC...
BRONX, NY
FASHION, INC.
RESIDENTIAL 8 COMMERCIAL METAL AWNINGS, CARPORTS, PATIO COVERS, BUILDING FACING AND FACADES, MARQUEES, SERVICE STATION CANOPIES, RESTAURANT DRIVE CANOPIES ETC...
LENEXA, KS
GLD053761
0049-GLD-000053761
James
OPERATION
HANSON INDUSTRIES DESCRIPTION Of OPERATIONS 1990
PRODUCT LINES
MAJOR LOCATIONS
CARDEN STATE TANNING
(BY-CHEM)
AIRCRAFT, AUTOMOBILE l FURNITURE LEATHERS,
NEU YORK, NY
HANDBAG, BELT. AND SMALL LEATHER GOODS, SAFETY
LEATHER GOODS (WELDERS' APRONS)
WILLIAMSPORT, MD
GREENUAID INDUSTRIES
COIN METER SYSTEMS: AMUSEMENT. CAR WASH.
BROOKLYN, NY
LAUNDRY, VENDING MACHINES, COIN MECHANISMS
AND METERS, COIN BOXES AND SELECTOR SWITCHES.
GROVE MFG.
(CRANE DIVISION) CARRIER MOUNTED,INDUSTRIAL, SHADY GROVE, PA SELF-PROPELLED ROUGH TERRAIN HYDRAULIC CRANES, LATTICE CRANES (MANLIFT) AERIAL WORK PLATFORMS (SELF-PROPELLED) SCISSOR AND BOOM MODELS
HANSON INDUSTRIES DESCRIPTION OF OPERATIONS 1990
OPERATION
PRODUCT LINES
MAJOR LOCATIONS
HALKEY-ROSERTS
INFLATION STSTEMS, VALVE ASSEMBLIES FOR LIFE ST. PETERSBURG, FL VESTS, RAFTS, ANO OTHER SURVIVAL PRODUCTS, MINATURE VALUES FOR DISPOSABLE MEDICAL PROO, PLASTICS VALVES (LIGHT SYSTEMS) DISPOSABLE AND
GLD053762
0049-GLD-000053762
James
REPLACEMENT BATTERT, FLASHLIGHTS PENUGHTS FOR ADVERTISING SPECIALTY, INDUSTRIAL AND CONSUMER USE.
(SURVIVAL TECHNOLOGIES GROUP) DESIGN AND MANUFACTURE INFLATABLE MARINE RESCUE DEVICES, HARNESSES,TETHERS, AND OTHER HIGH TECH SURVIVAL EQUIPMENT.
ISLES INDUSTRIES
HORIZONTAL & VERTICAL LAMINAR-FLOW BENCHES
BREA. CA
AND LAMINAR-FLOW TUNNELS, CARTS: CABINET,
MATERIALS HANDLING CONVEYOR SYSTEMS FOR
ELECTRONIC ASSEMBLY (WEBER TECHNICAL PRODUCTS)
CLEAN AIR MODULES, LAMINAR FLOW SURGICAL
ISOLATORS & WORK BENCHES.
HANSON INDUSTRIES DESCRIPTION OF OPERATIONS 1990
OPERATION
PRODUCT LINES
MAJOR LOCATIONS
JACUZZI, INC. JACUZZI BROS. JACUZZI WHIRLPOOL
BATH
DOMESTIC PUMPS AND WATER SYSTEMS, SUMMING POOL, EQUIPMENT, TURBINES AND CENTRIFUGALS, WHIRLPOOL, BATHTUBS AND SPAS AND EQUIPMENT (JACUZZI GAS GRILL DIVISION)
LITTLE ROCK. AR LITTLE ROCK, AR RENOALE, ONTARIO, CANADA UALNUT CREEK, CA
THE JADE CORP.
AUTOMATED PRODUCTION EQUIPMENT FOR SEMICONDUCTOR ASSEMBLY, DESIGN BUILD PROGRESSIVE CARBIDE TOOLING, ELECTRICAL DISCHARGE MACHINING, ETC. (JADE INDUSTRIES) PRECISION STAMPING, SHEET
METAL ELECTRICAL ASSEMBLY (JADE SYSTEMS) TAPE AUTOMATED BONDING
EQUIPMENT IC PACKAGING, SOFTWARE OEVLPHNT. (JADE TECHNOLOGIES) SEMICONDUCTOR LEADFRAME
STAMPING AND PLATING (HAM. INC.) ELECTRO-MECHANICAL ASSEMBLIES
AND PRECISION CONTRACT MACHINING
HUNTINGDON VALLEY, PA TREVOSE, PA SOUTHAMPTON, PA
ELK GROVE VILLAGE, IL SKIPPACK. PA
/+
GLD053763
0049-G LD-000053763
James
HANSON INDUSTRIES DESCRIPTION OF OPERATIONS 1990
OPERATION
PRODUCT LINES
MAJOR LOCATIONS
JU LIGHTING, INC.
COMMERCIAL AND INDUSTRIAL LIGHTING FIXTURES HOUSTON, TX CINTEGRALITE) SPECIALTY INDOOR ARCHITECTURAL LTG, CJET-PHILLIPS) INDOOR/OITOOOR SERVICE STATION LTG CJPL LIGHTING) OUTDOOR COMMERCIAL 8 INDUSTRIAL LTG URIGHT LIGHT (FLUORESCENT LTG FIXTURES COMM & INOSTRL
KENT
BATHROOM ACCESSORIES, BATHROOM CABINETS,
BELLEVUE, KT
VANITY CABINETS & LIGHTING FIXTURES, MIRRORS.
KEYSTONE LAMP HFG. CORP.
PORTABLE LAMPS
SLATINGTON, PA
KIODE CONSULTANTS
COMPLETE ENGINEERING, PLANNING & FIELD SERVICES, URBAN, REGIONAL AND DEVELOPMENT PLANNING, CIVIL, ELECTRICAL, ENVIRONMENTAL, MECHANICAL, STRUCTURAL, TRANSPORTATION ENGINEERING
BALTIMORE, MO MINNEAPOLIS, MN
.li
GLD053764
0049-GLD-000053764
James
HANSON INDUSTRIES DESCRIPTION OF OPERATIONS 1990
OPERATION
PRODUCT LINES
KIDDE-KCDC <CONSUMER OIV.)
ADMINISTRATION
KIDDE CREDIT
FINANCING FOR DISTRIBUTOR PURCHASES OF KIDDE PRODUCTS
MAJOR LOCATIONS
PENNSYLVANIA
HAGERSTOWN, MO MISSISSAUGA, ONTARIO, CANADA
KIDDE RECREATION .PRODUCTS
L
KIM LIGHTING
SALESMEN
NORTHBROOK, IL
CUSTOM ARCHITECTURAL FOUNTAINS, ENVIRONMENTAL CITY OF INDUSTRY, CA LIGHTING, FOUNTAIN LIGHTING AND COMPONENTS, LANDSCAPE AND STREET LIGHTING
MARVIN ELECTRIC MANUFACTURING
RECESSED LIGHTING FIXTURES; COMPLETE LINE OF VANDALPROOF FIXTURES, SINGLE AND 3-CIRCUIT TRACK FOR USE WITH 120 VOLT SUPPLY, AND LOU VOLTAGE LUMINARES UTILIZING MR16 LAMP
LOS ANGELES. CA
NANSON INDUSTRIES DESCRIPTION OF OPERATIONS 1990
OPERATION
PROOUCT LINES
MCQU1D0Y OFFICE DESIGNS
CSee SCOTT RICE)
MAJOR LOCATIONS
TENNESSEE
t .*
1 Cj
GLD053765
0049-GLD-000053765
James NATIONAL CRANE
HY0SAUL1C TELESCOPING AND ARTICULATING CRANES.
WAVERLY, NB
NEW JERSEY OFFICE SUPPLY
OFFICE STATIONERY ANO SUPPLIES, DATA
UHIPPANY, NJ
PROCESSING FORKS AND SUPPLIES, COMMERCIAL
OFFSET AND LETTER PRESS PRINTING, CARBONIZED
BUSINESS FORKS, OFFICE FURNITURE AND
INTERIOR DESIGN SERVICE
DAVID APPEL OFFICE EQUIP. & STATIONERY
BUSINESS PRODUCTS
DRESNER BROTHERS
STEWART OFFICE SUPPLIES
TREHER OFFICE PRODUCTS
HANSON INDUSTRIES DESCRIPTION OF OPERATIONS 1990
OPERATION
PRODUCT LINES
MAJOR LOCATIONS
NEWPORT PLASTICS
AIRCRAFT, COMMERCIAL AND CUSTOM SEAT COVERS, CUSTOM MOLDED FIBERGLASS, CUSTOM MOLDED INTEGRAL SKIN URETHANE FOAM, HONEYCOMB CORE PANELS, PRECISION MOLDED PRODUCTS, PRECISION SEWING
NEUPORT, VT
PIEDMONT MOULDING
MANUFACTURING AND IMPORTERS OF WOOD PICTURE FRAME MOULDING, READY MAOE PICTURE FRAMES; HAROWARE, EQUIPMENT AND ACCESSORIES FOR PICTURE FRAMES.
CONFERS, GA
PROGRESS LIGHTING
RESIDENTIAL AND COMMERCIAL LIGHTING FIXTURES, COUPEN, SC INTERIOR AND EXTERIOR, CHANDELIERS, DINETTES, WALLS, SCONCES, HALL AND FOYER FIXTURES, ETC...
n
GLD053766
0049-GLD-000053766
James REXAIR INC
VACUUM CLEANERS
TROY, HI
HANSON INDUSTRIES DESCRIPTION OF OPERATIONS t9S>0
OPERATION
` PRODUCT LINES
HAJOR LOCATIONS
ROSS-MARTIN
FORMS MANAGEMENT SERVICES, BUSINESS FORKS
TULSA. OK
SCHWABACHER/FREY
OFFICE SUPPLIES & OFFICE FURNITURE
EMERYVILLE, CA
SCOTT RICE
OFFICE DESIGN, FURNITURE, SUPPLIES (CONTINENTAL OFFICE SUPPLY) (KRAFTBUT) (MCQUIOOY OFFICE DESIGNERS)
TULSA, OK DALLAS, TX TULSA, OK NASHVILLE, TN
SHADECO, INC.
LAMP SHADES
TELFORD, PA
SPARTUS
DECORATOR AND KITCHEN CLOCKS, ALARM CLOCKS, SKOKIE, II WALTHAM CLOCKS, CLOCK RADIOS, PORTABLE RADIOS, TELEVSIONS (B&W)
I
GLD053767
0049-GLD-000053767
James
HANSON INDUSTRIES DESCRIPTION OF OPERATIONS 1990
OPERATION
SPAULDING LIGHTING
PRODUCT LINES
MAJOR LOCATIONS
OUTDOOR LIGHTING PRODUCTS FOR SPECIALIZED
CINCINNATI, OH
COMMERCIAL AND OUTDOOR USES, INDOOR INDIRECT
AMBIENT AMO TASK LIGHTING
SUNSET/RICHARDS
CERAMIC, BRASS, AND UOCO LAMPS AND ARTUARE
CITT OF COMMERCE. CA
THEURER, INC.
TRUCK TRAILERS, CARGO CONTAINERS AND CHASSIS NEWARK, NJ
TOMMY ARMOUR GOLF CO.
TOSS-FOULER
GOLF CLUBS, BALLS, BAGS, APPAREL, ACCESSORIES
FREIGHT CARRIER
MORTON GROVE, IL SCRANTON, PA
HANSON INDUSTRIES DESCRIPTION OF OPERATIONS 1990
OPERATION
PRODUCT LINES
MAJOR LOCATIONS
TUCKER HOUSEWARES {AMS INDUSTRIES)
PLASTIC HOUSEWARES, TRASH CONTAINERS, WASTE LEOMINSTER, MA
BASKETS, LAUNDRY BASKETS, KITCHEN & SINK
ITEMS, STORAGE CONTAINERS, BEVERAGE SETS, ETC.
BLOW MOLDED PLASTIC TRASH CONTAINERS AND
UORCXESTER, MA
GLD053768
0049-GLD-000053768
James
UNIVERSAL GYH EQUIPMENT
STORAGE CONTAINERS
PHTSICAL CONDITIONING EQUIPMENT, EXERCISE
CEDAR RAPIDS, IA
BICTCLES, COMPUTERIZED ROWING MACHINES,
COMPUTERIZED TREADMILLS. MOTORIZED AND MANUAL
MEDICAL EVALUTION AND REHABILITATION EQUIPMENT
THE VALLEY COMPANY
COIN OPERATED POOL TABLES. CUES AND ACCESSORIES, FURNITURE, OFFICE S HOME, POOL TABLES
BAY CITY, Ml
UEBER AIRCRAFT
AIRCRAFT COMPONENTS, ATTENDANT SEATS,
BURBANK, CA
AUTOMATIC LAP BELT, BUFFET INSERT EQUIPMENT,
CARGO FLOOR SYSTEMS, COAT ROOMS, COFFE MAKERS
AND OVENS, CREW SEATS AND ESCAPE SYSTEMS,
INTEGRAL BOAROING STAIRS, ETC...
TOTAL MAJOR
HANSON INDUSTRIES DESCRIPTION OF OPERATIONS 1990
OPERATION
PRODUCT LINES
TOTAL HANSON INDUSTRIES
MAJOR LOCATIONS
*\ o
GLD053769
0049-G LD-000053769
James
(
--
HANSON INDUSTRIES DESCRIPTION OF OPERATIONS 1990
OPERATION
PRODUCT LINES
DISCONTINUING OPERATIONS
MAJOR ` LOCATIONS
THE FOLLOWING DIVISIONS ARE TO BE SOLD PRIOR TO 10/1/88. IN THE EVENT THAT THE DIVESTITURES DO NOT TAKE PLACE , THESE DIVISIONS MUST BE ADDED TO THE PROGRAM.
ALLIED PAPER
AMERICAN POWER DEVICES
PULP AND A WIDE VARIETY OF PAPERS, INCLUDING MIAHISBURG, OH
UNCOATED BOOK PAPER, 8IBLE PAPER,
BUSINESS FORHS, SCHOOL t OFFICE SUPPLIES,
KALAMAZOO, HI DAYTON, OH
SPECIALITY PAPER AND LUMBER
MARION, tND
PETERSBURG, WV
(See FENUAL ELECTRONICS}
ANDOVER, HA
FENWAL ELECTRONICS
THERHISTORS, THERMISTOR PROBE ASSEMBLIES (AMERICAN POWER DEVICES) SEMICOHOUCTORS:DIOOES-ZENER, PLANAR, STABISTORS FOUR-LAYER
FRAMINGHAM, KA
<s>l
GLD053770
0049-GLD-000053770
Jam5
RESTAURANT PRODUCTS, CONSUMER PROOUCTS, AND .
HIGH-PRESSURE GAS CYLINDERS
(WALTER KIOOE, AEROSPACE OPERATIONS)
WILSON, NC
FIRE DECTECTION ANO EXTINGUISHING FOR
AEROSPACE AND ORDINANCE VEHICLES
(WALTER KIDOE SALES & SERVICE COMPANY) ALARMS & SECURITY PROOUCTS, FIRE
OAK PARK, Mi
EXTINGUISHING PROOUCTS
(WALTER KIDDE SALES & SERVICE COMPANY, INC.) KENILWORTH, NJ
ACCESS CONTROL SECURITY EQUIPMENT, CLOSED CIRCUT TV, EXPLOSION SUPPRESSION SYSTEMS.
FIRE PROTECTION SYSTEMS, ETC...
GLD053771
0049-GLD-000053771
James
RESTAURANT PRODUCTS, CONSUMER PROOUCTS, AW) .
HIGH-PRESSURE GAS CYLINDERS
(WALTER MODE, AEROSPACE OPERATIONS)
WILSON, HC
FIRE DECTECTION AND EXTINGUISHING FOR
AEROSPACE AND ORDINANCE VEHICLES
(WALTER KIDDE SALES & SERVICE COMPANY)
OAK PARK, HI
ALARMS & SECURITY PROOUCTS, FIRE
EXTINGUISHING PROOUCTS
(UALTER KIDDE SALES & SERVICE COMPANY, INC.) KENILUORTK, NJ
ACCESS CONTROL SECURITY EOU1PMENT, CLOSED
CIRCUT TV, EXPLOSION SUPPRESSION SYSTEMS,
FIRE PROTECTION SYSTEMS, ETC...
0049-G LD-000053772
American Excess Insurance Association.
(This application to be used for applicants domiciled in New York State only)
THIS IS A REPORTED OCCURRENCE POLICY WHICH CONTAINS CERTAIN FEATURES THAT ARE ANALOGOUS TO THE ONES FOUND IN CLAIMS MADE POLICIES. PLEASE READ THE ENTIRE POLICY CAREFULLY.
"DEFENSE EXPENSES" ARE INCLUDED IN THE LIMITS OF LIABILITY OF THE POLICY AND ARE IN CLUDED IN THE "PER OCCURRENCE UNDERLYING AMOUNT".
This Policy Application must be completed in its entirety. When appropriate, questions herein may be an swered by specific reference to Form 1QK secttons(s) or other material attached hereto.
t. (a) Name and Address of Applicant (To appear as Named Insured if policy is issued):
___________
Hanson Industries
........... ................................. ,
410 Park Avenue
New York, New York, 10022
(b) State of Incorporation:_______________________ ______________________________ ' .
(c) Effective Date of Coverage:
October 1, 1989............................................ ............ ..............
2. Subsidiaries or affiliates of Applicant whose accounts are consolidated in the financial statements of the Applicant (attach list or make reference to listing in Form 10K or Annual Report of Applicant).
SEE EXHIBIT #1
3. If Applicant is foreign, attach list of subsidiaries or affiliates whose accounts would have been consoli dated in accordance with generally accepted accounting principles in the United States.
4. List on Schedule A (to be attached to and form a part of the policy when issued) any other subsidiary, affiliate, associated company or joint venture to be insured.
AE1A-3-NY
GLD053773
0049-GLD-000053773
5. If other than the Named Insured above shall represent all insureds in all matters under this policy (such as but not limited to: premium payment, negotiation of renewal terms, payment of claims), indicate name and address (td appear as Named Insured's representative if policy is issued):
:N/A''
6. Describe each joint venture in which the Applicant has an interest greater than 10% and/or which has assets in excess of $25,000,000: jjone Known
Project Name
Participant
Brief Description of Joint Venture
7 Attach a copy of the latest Annual Report and Form 10K (or the equivalent if not applicable) of the Applicant and each company listed on Schedule A for the most recent year.
8. Estimates of:
(a) Annual Payroll (in U.S. dollars)
1 -USA 724,408,320 2-Canadian $ Included
3-Foreign $
(b) Annual Sales (in U.S. dollars) Excluding Aircraft Products
1 -USA $4,771 r223fOOQ 2-Canadian $ 42.0QQ.,CQQ
3-Foreign $
Describe any "Inter-Company Sales" exceeding 10% of the total:
h z a';
(
(c) Number of Employees 1-USA $ 60,230______ 2-Canadian $ Included
3-Foreign $ 3,300
(d) 1. Annual Advertising Expenditure (in U.S. dollars)
$------------------------------------------------------------------------'------------------------------------------------------,--'........ i
AEIA-3
2
GLD053774
0049-GLD-000053774
2. Type of media use and proportion of total expenditure on each Magazines/Trade Journals - 30%. Exhibits - 8%. Television - 10%. Radio - 3%. Newspapers - 10%. Promotional Liturature - 15%. Other - 24%
(e) If the Applicant has any exposure under the following, indicate payrolls: 1. Jones Ant $125.000. (Code 7028)
2. Federal Employers Liability Act Ho Known Exposure
9. Automotive power units: (estimated total owned & leased by type) (a) Private passenger 1.730_ Trucks and Tractors 297
School buses None Known______________ Taxi-Livery None Known
(b) Type of cargo hauled (elaborate where inflammable/explosive substances hauled)______________ Insured's own products and limited Common Carrier (Atlantic Contract Carriers MO.
(c) Give details of long haul (over 500 miles -- one way) operations ____Some Divisions (i.e. ASS. MW Mfg.r etc) will, from time to time, haul
their own goods in excess.of 500 lies.__ Atlantic contract Carriers may, on ____occasion, also haul in excess of 500 miles.;
10. Description of Operations:
(a) Describe any details of operations not otherwise contained in the attached Form 10K or annual report (e.g., occupancy type risks -- number and size; construction type risks -- tunnel and dam work -- turnkey; utilities -- dams; etc.):________________________________________________ ______________SEE EXHIBIT 91___________________
(b) Describe any discontinued operations or sold entitles for which coverage is required. Describe products and the disposition of product liability;__________________ ____________________
_________
SEE EXHIBIT #2 _______________________________________ _
(c) Describe any areas of expected expansion, change, or new products in next 6 months:_____ Hanson has, and will continue to acquire companies which fit into its major business segments, when the proper opportunity arises.
AEIA-3
3
o) (
GLD053775
0049-GLD-000053775
11. (a) Describe any non-owned, owned, leased or chartered watercraft or watercraft risks for which cov erage is requested: Tug boat "Satin Lady" (Baltimore, HD)________________________ Three barges (Baltimore, MD) _________________________________ ____________
(b) Describe any railroad exposures including details of any facilities/operations owned or operated (other than incidental sidings and premises grade crossings): Incidential side tract agreements only................. ........
(c) Describe any intra-city light-rail exposure (e.g., subway, street car. etc.) for which coverage is
requested: No Known Exposure
-
Description of Operations
Number of Passenger Cars
Mites of Track
Number of Passengers Annually
(
(d) Describe any bus operations for which coverage is requested: No Known Exposure
Description of Operations
Number of Buses
Miles Travelled
Number of Passengers Annually
tnter-city
________________ _________
,,
Intra-city
________________ _____________
___________
School Buses
________________ _____________
___________
Tours
________________ ________ __
Other
________________ _____________
_
AEIA-3
4
GLD053776
0049-GLD-000053776
12. With respect to malpractice and professional liability exposures, state: A. 1. Medical (incidental to other operations):
(a) Number of doctors employed:______ ____
(b) Number of nurses employed:_________________________________________
(c) If Hospital or Medical facilities are maintained by the Applicant, give location, number of
beds, occupancy rate and other pertinent information:
___________ .
N/A
............... -...
'- --.................... -................- - -
"
.........
(d) Do ary patients, not employees of the Applicant, use the services of such doctors,
nurses or hospitals?
K/A__________________________________________________________________________
Indicated percentage of non-employee patients2_
2. Medical (other than incidental): Incidential Only _______
(a) List all hospitals or medical faciiities showing location, number of beds and occupancy rate, outpatient visits: N/A
(b) List nursing homes operated showing number of beds: ------------------------- m---------------------------------------
_
8. Non-medical (e.g.. Architects, Engineers, Accountants, Lawyers, etc.). Describe extent to which such services are provided to third parties: None Known................................................................................................... .............. .........
AEIA-3
5
OTQ
GLD053777
0049-GLD-000053777
-li-
13. Attach a list or describe below the products manufactured, handled, distributed or sold or services performed under the following classifications:
*
Classification
(a) Aircraft and/or Aerospace Products or any material or substance supplied di rectly to or for the use by the Aircraft and/or Aero space Industry
(b) Pharmaceuticals -- Medical (Submit lists of prescription and non prescription medical care products)
(c) Birth control drugs or devices
(d) Chemical and petrochem icals
(e) Nuclear energy
(f) Pollution control devices
(g) Other products, or major services performed
Description ggg EXHIBIT #1
Annual Sales
Domestic Foreign $$
14. Real & Personal Property: (over $10,000,000 in value per location)
(a) Schedule locations of leased premises and indicate use and if Applicant is held harmless and/or named as an additional insured in landlords policy:
( (
(b) Schedule locations where personal property of others is in Applicant's Care, custody or control. (e.g.. Data Processing Equipment, Leased Machinery or Equipment, Goods for Storage or Processing, etc.):
AEIA-3
6
AN
GX.D053778
0049-GLD-000053778
15. Contractual/Hold Harmless/Indemnity Agreements -- provide details of any which could reasonably be considered to be outside of the scope of those agreements normally entered into by the Applicant in the normal course of operations and any other such agreements which may be material to the Appli cant's legal liability or where the sole negligence of the indemnity is assumed:
______ No known exposures outside those which are normally entered into by
the applicants
16. Describe loss control and loss prevention measures which Applicant employs and would like the under writer to consider. Attach a copy of the program if appropriate. Is the program self-administered? if administered by a service company or insurance company, name of administrator:
______ Various Loss Prevention services are utilized hv Hanson to provide
ass-fshanrs, inrluHing Fred S. James, Nril-lseo and gplf-aHm-ingferpri
programs.
________ '_____________________________
.________ ......
17. List on Schedule B all liability insurance of the Applicant. List layered policies in: ascending order of attachment, including layers retained by Applicant:
18. As Respects Underlying Insurance (respond below or in additional comments column on Schedule B): (a) Explain any exclusions to standard General Liability Policy coverage- Asbes tos Exclusion Hazardous Subtance, Remedial Action Exclusion, Pollution Exclusion.
(b) Indicate deductibles, self-insured retentions, retrospective rating plans or other funding mecha nisms in the amount of SI million or more per occurrence/accident: ______________________
19. List on Schedule C a summary of losses by year (insured aid uninsured) for the past 10 years by line of coverage, e.g.:
(a) Automobile Liability
SEE EXHIBIT #3
(b) General Liability
(c) Products and Completed Operations Liability
(d) Etc.
AE1A-3
7
S<?
GLD053779
0049-GLD-000053779
20. Indicate any losses included on Schedule C which are caused by or alleged to be caused by pollution: None____________________________________________________________.________
21. On Schedule D itemize and give detais on ail losses shown on Schedule C which exceed $1,000,000. (Paid, outstanding, and allocated expenses), SEE EXHIBIT #4
(a) caused by a single occurrence, and separately,
(b) caused by any defect or hazard or alleged defect or hazard associated with insured's product or operations completed or abandoned by the Applicant
22. If any of the losses on Schedules C or D have been handled or reserved amounts established through a service contract rather than by an insurance company for its own account, give details beiow. (In clude name of individual or organization; if Applicant has self-administered his own losses, furnish infor mation about individual(s) responsible for handling and their qualifications and procedures; if a claim audit has been made in the past year by an independent service, attach report).
SEE..................... jSXHTBITJfS------------------------------- ...... -------- --------------------------------- ----
23. Is the Applicant aware of:
(a) any event or conditions which might reasonably be expected to give rise to a loss or liability in
excess of $1,000,000?
Describe:
__ fasJKacam____________________________________________________
(b) any defect or hazard or alleged defect or hazard associated with the Applicant's products or operations completed or abandoned by the Applicant which might reasonably be expected to give rise to a loss or liability in excess of $1,000,000 in aggregate?
-- Describe:
None Known
24. Describe any ongoing investigations into the Applicant's products or operations by any governments) body:
______ None Known
___ "
AEIA-3
8
31
GLD053780
0049-GLD-000053780
25. Additional Comments (optional)
ASA-3
9
Sp-
GLD053781
0049-GLD-000053781
AMERICAN EXCESS INSURANCE ASSOCIATION
26. THE APPLICANT, BASED ON REASONABLE INQUIRY (INCLUDING BUT NOT LIMITED TO REASONABLE INQUIRY OF THE LEGAL AND' RISK MANAGEMENT DEPARTMENTS OF THE APPLICANT), WARRANTS TO THE BEST OF ITS KNOWLEDGE AND BELIEF THAT THE STATEMENTS SET FORTH HEREIN ARE TRUE f AND THAT NO MATERIAL INFORMATION HAS BEEN WITHHELD. IT IS UNDERSTOOD THAT THE COMPANY MAY REQUEST ADDITIONAL INFORMATION WHICH, WHEN SUBMITTED, WILL BECOME PART OF THIS APPLICATION AND SUBJECT TO THE FOREGOING WARRANTY.
SIGNING OF THIS APPLICATION DOES NOT BIND THE COMPANY TO OFFER, NOR THE APPLICANT TO ACCEPT INSURANCE, BUT IT IS AGREED THAT THIS APPLICATION SHALL BE THE BASIS OF THE INSURANCE SHOULD A POLICY BE ISSUED.
BY SIGNING THIS APPLICATION, THE APPLICANT ACKNOWLEDGES THAT IT HAS RECEIVED THE ATTACHED SPECIMEN POLICY AND AGREES TO BE BOUND BY THE MANDATORY ARBITRATION PROVISION SHOULD A POLICY BE ISSUED.
THE APPLICANT FURTHER WARRANTS THAT IF THE INFORMATION SUPPLIED ON THIS APPLICATION CHANGES BETWEEN THE DATE OF THIS APPLICATION AND THE INCEPTION DATE OF THE POLICY PERIOD, IT WILL IMMEDIATELY NOTIFY THE COMPANY.
THE APPLICANT FURTHER ACKNOWLEDGES THAT IT HAS RECEIVED INFORMATION FROM THE COMPANY
DESCRIBING THE LIMITED SCOPE OF COVERAGE AND THE POTENTIAL COVERAGE GAPS INHERENT IN
THE POLICY FORM. FURTHER, THE APPLICANT ACKNOWLEDGES THAT IT IS AWARE THAT THE
LIMITS OF LIABILITY CONTAINED IN THE POLICY SHALL BE REDUCED, AND MAY BE COMPLETELY
EXHAUSTED, BY "DEFENSE EXPENSES" AND, TO THE EXTENT THAT POLICY LIMITS ARE THEREBY
EXCEEDED, THE COMPANY SHALL NOT BE LIABLE FOR "DEFENSE EXPENSES" OR FOR THE AMOUNT OF
ANY JUDGMENT OR SETTLEMENT. THE COMPANY HEREBY ADVISES THE APPLICANT OF ITS RIGHT,
UPON WRITTEN REQUEST, TO AN ACCOUNTING OF "DEFENSE EXPENSES" ACTUALLY PAID BY THE
COMPANY UNDER THIS POLICY.
^
NEW YORK LAW MANDATES THAT THE FOLLOWING WARNING BE GIVEN:
"ANY PERSON WHO KNOWINGLY AND WITH-INTENT TO DEFRAUD ANY INSURANCE COMPANY OR OTHER PERSON FILES AN APPLICATION FOR INSURANCE CONTAINING ANY FALSE INFORMATION, OR CONCEALS FOR THE PURPOSE OF MISLEADING, INFORMATION CONCERNING ANY FACT MATERIAL THERETO, COMMITS A FRAUDULENT INSURANCE ACT, WHICH IS A CRIME."
APPLICANT: ` Hanson Industries.
(Type)
BY (OFFICER OF APPLICANT): Donald L. Schoenewolf
(Type)
(Type)
(IMPORTANT: PRODUCER SIGNATURE REQUIRED ON THE NEXT PAGE)
AEIA-3-NY
10
GLD053782
0049-GLD-000053782
SEP^7 '89 11:09 F S JflgS ^g2 9393 Fsrmin3ton ftan3.
09S&7/Q9 09:43
P-3
Submitted by (a duly authorized insurance producer representing a member of the Association):
Name at Firm: Fred S. James & Company: of NegJEhgland. Inc. OVp #)
Complete Mailing Address: --AO Broad Street
<Typ)
Boston, Massachusetts 0210$
Phone: 617-357-6600
Telex: 940227-
Fax: 617-35?-6755
Name of Authorized Representative:__ Joseph P. Zavagnlrt_ fIVpe)
Association Member Represented:.
Si, C'*>-4
Producers dotrtciled in Delaware, Maryland, NewJersey, NewYork, Pennsylvania and Canadashould return the completed application to:
American Excess Insurance Association
TWo World Trade Center
Suite 3870
New York. NY 10048
Phone Number: (212) 466-0097
Telex Number 82943497
Fax Number (212) 466-6303
Allother producers should return the completed application to: American Excess Insurance Association RiverBend Executive Park 77 Hartland street, Suite 400 East Hartford, CT 06108 Phone Number (203) 528-2103 Telex Number: 62943426 Fax Number (203} 282-9393
AEIA-3-NY
11
C^ t*7'
GLD053783
0049-GLD-000053783
Submitted by (a duly authorized insurance producer representing a member of the Association):
Name of Firm: Fred S, James & Company of New England. Inc.
(Tyne)
Complete Mailing Address: AO Broad Street----------------------------------------------------
(Type)
________________ _________ Boston, Massachusetts 02109______________
Phone: 617-357-6660
Telex: 940227-
Fax:617-357-6755
Name of Authorized Representative: Joseph F. Zavaenin__________
(Typa)
(Signature)
Association Member Represented:___________________________________
Producers domiciled in Delaware, Maryland, New Jersey, New York, Pennsylvania and Canada should return the completed application to:
American Excess Insurance Association
Two World Trade Center
Suite 3870
New York, NY 10048
Phone Number: (212) 466-0097
Telex Number 62943427
Fax Number: (212) 466-6303
All other producers should return the completed application to: American Excess Insurance Association RiverBend Executive Park 77 Hartland Street, Suite 400 East Hartford, CT 06108 Phone Number: (203) 528-2105 Telex Number: 62943426 Fax Number: (203) 282-9393
AEIA-3-NY
11
GLD053784
0049-GLD-000053784
AMERICAN EXCESS INSURANCE ASSOCIATION
SCHEDULE A
AFFILIATED COMPANIES FORMING A PART OF NAMED INSURED (Response to Item 4 of Application)
Name of Affiliated Company
Description of Operations and Procedures
SEE, EXHIBIT #1
ASA-3
12
GLD053785
0049-GLD-000053785
Combined Single Limit
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GLD053786
0049-GLD-000053786
AMERICAN EXCESS INSURANCE ASSOCIATION SCHEDULE D
INDIVIDUAL LOSS INFORMATION
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GX.D053787
0049-GLD-000053787
AMERICAN EXCESS INSURANCE ASSOCIATION SCHEDULE B
UNDERLYING INSURANCE ,
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GLD053788
0049-G LD-000053788
AMERICAN EXCESS INSURANCE ASSOCIATION SCHEDULE C
SUMMARY LOSS INFORMATION
AEIA-3-NY
OO< <3nD *
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GLD053789
0049-GLD-000053789
cotmar
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210 Foaua asset Bimmm
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7/12/81 tm
4/15/85 7/23/75 4/1/78
3/1S/77 mom tm 11/11/87 12128m uun 2/28/75 10/8/75 12/20/77 II/2I/K
0/23/83
7/12/01 12/31/87
1280 11/22/77 2/25/77 5/20/75 S/20/87 7/10/88 2/22/83 2/12/8J
0/23/8J 10/SI
srs pmioiis Kttssam omns SEMATM LISBT BULBS 8W0 SESYICES
muit SESYICE nomas stavict HOSPITAL TY BEHULS rmoam c l ebic al smict tmooEo pl as t ic pamers smiaotimA, rnnsam, snows e k . s bas is s semee maaoaic ms Fiat Fleams c bes ic al s i mmm
smuts mmicAL l o c k s muminvs s/cNirrm swats
mmmsAL statins tLtr *01110 STEEL SASEBOl/SW
mrciE m. Fmrrm aro. s ec r et mat stmt
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tmimt m. t ext il e kps. HI/BSIBB SEAyiCE coppEt am aonta'S ctmiao
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GLD053790
0049-GLD-000053790
CQSPW
EXHIBIT n
o ah s o v mmms
mcmnm otmiioxs
220
mm
ovm oisposum
sm
n-stp-ss
sEsatinm otetATms
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atetsmm swms h $. 1200217 77217222 f ail s af e mmn ant. fAsmx earn f eder al ma omi ami consuls o f w as , in. tamos minin'i tEcoomm
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sm 2/22/62 022 2678 PARTS S ACCESSORIES
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SOLS 0227288 mints
SOLS 2/22/82 OETAl STAOPWS MSStmiES
SOLO 20/22/60 SPICES,0LimfECT.-il8S IWSMAl
sm 7/8/70 PLASTIC RESIO SFS .
SHOT son 4/30/82 22887725 2227682$
SOLS 7/28/70 CATERPILLAR SlSrXWmSHlP BARWBS
SOLS 5/2/87 HOSPITAL TV OEOTAtS
SOW 20/7/77 200772287 FlHAHCm-PHlLIPPMS
oissoim 12/82 BUY'S CLOTOm
SOLS nmm 1227822 0027$ 8F5
SOLS 4/23/70 OEOPHYSKAl OXtX SUPPLIER
SSLS 20/20/77 o f f ic e FmrnRE m
S0SPEHS1OH SYSTEItS-TXOCKS i TRAILERS
SOLS 5/25/78 f abr ic mximx
OUT OF SOS S/86 SHEET 62721 COSSTRHCTm
SOW 5/25/80 FIRE 7207207208 S7S722S
SOW pr o pel l er REcommoom
SOW 0/4/82 HAT SFS OP TO 17 FOOT
nscomms
$8288760 7001 F71722S I 2C0fSS081$
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SM MM
1I06TJ60 12171/225
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SOW sm PAMS
SOW 5/4/77 IttUSTRlAL ABRASIVES 2F6
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SOW 3/17/80 77787 0 8180 Of 0082220221 117*0022727
SOW . tOtSISR ROME SERVICES
sow 5/22/82 mm bo ie are
OISSOWW 2/1/88 SAS mSOREKERT/OETECTlOH 72S7282287S
sow inns mtrs APPAREL
sow lofsim PAMS, COAiTim t 22572$
sow 4/2/88 PAMS
sow 0/30/88 SSAROISECORITY SERVICES
sow 12/22/77 Honrs Appar el
Stag OFF 21/11/87 TEHPOAARY CLERICAL SERVICE
u- ~
GLD053791
0049-GLD-000053791
COSPAMY
EXHIBIT #2 VMffSfl# IRWUIES siscmims ePEAtnm
228 mm mtR simsnm
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iS-Stf-SO OESCRIPWR OPEKKimS
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m
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wistst 10/7/77 12/20/77 1/85 10/83 1/13/78 W30170 2/8/84 5/23/80 11/11/87 7/17/80 1/25/81 3/21/78 7/1177
TERPORAiY CLERICAL SERVICE m MO SEABED FAMERERS 0 PANS trt. i BISmB MCI. CRAKE EB. m mu imps mmuE wvEAaoms SPOtlM FIREARM HEALTH SPAS KF8 LEATSER COATS IX CAKAOA 084872 CM74L 04S7S CERERT COtTRACrm APPAREL SEISXtC EQOIPXEKT TERPORARY CLERICAL SERVICE FOBS SERVICE ERSltEERm SERVICES Room mss PLASTIC LOUT PAULS SPECIALTY PLASTIC SHEETS FISBW HIRES TACKLE KWilif SERVICE LAB1ES KBIT AK9 HOVER SARSERTS CLOSED CIRCUIT TV EWIPtEKT APPAREL ItETAL FORSm m's com Rfs s upo r t er TEST SOIL Bums JESim SVCS. FOR PROF. ER62HEERS TERPORAN CLERICAL SERVICE SALE OF mstUCAl FISHIRS EO. LAtt TRItRESS CSNRACT PACKASER FIRE PROTECtlOt OYSTERS mmtRY CLERICAL SERVICE CmTER S6F7WE SERVICES ALARItS i SECURITY PRODUCTS oispucf i EomrmAL cmpmi SALE RECREATmAL PROOBCTS COmRtCATmS, SOFTKARE, SUPiElT TRACKWO AIR COmTIWRS lASTALLATIOX-PIIILIPPIRES REMS StimAR REAL ESTATE SERHAttm t r absist o r s 84*7 o f mm rcmiES-wmioR besish FIN RDUEA STEEL MEHOltSIlW BARKISO EOSIFSEN CONRACT SBPPUER OF CUSTOM!) miUES-m KmntO SERVICE MXOEmmiVE TESTIHS RALE HOSIERY RFC 07775 OF FABRICS OESIWR OF OfflCES-MCMO
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GLD053792
0049-GLD-000053792
cmm
EXHIBIT #2
wmi wiimm
dmmma mrnms
m
mm mix mmnm
me
ts-st-os
d es c r ipt o r o per at ms
BcXmEY 8/887/(782185 (082/81* 77992
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77098
MT/M/i tArmmc o up.
77098
SATlOm VIDEO/SELLS
77998
msis (8878/2 REBISTAY
71098
OILFIELD msSIRIAL IMS
77098
OILFIELD PIPE * SUPPLY CO.
71098
OLD SALT SEAFOOD COUP.
8/8808
OMCD
587
DOWRIES
8/8S08
omoAx
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8/8808
OYEUm-AllOIS-CARPEmR
77092
P. lABPERU k C.fS.P.A. imif} 77098
PACIFIC APPSASEl XFS. CO,
587
2/782888 C/84785 CO,
77008
2/788 EmPXEilT mPADY, m. 77008
2(2 (828(1/21? CSEXICALS1
8/8S08
2E88/C8
587
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228788/8 8(5/7887/*/$ 8./.
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PRESTO LOCK CO.
77098
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087
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77098
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5S7
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REPSiLtC OFFICE SSPPtX
77908
RIVER SHEER BOAT MRUS
5S7
RIVIERA RTS. CO.
m
812 2ZX782E (5/2/81 IRC.
987
SiS 28/888852
77008
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71998
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8/8898
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581
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587
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syl yacheh
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smox
7855/592/ 4 SOX
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GLD053793
0049-G LD-000053793
tmm
EXHIBIT #2 BMW ims t r ie s oiscwiHm smATim
m mm
mm oimsnm
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j5-?v-89
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77J EOHmiST CM.
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0049-GLD-000053794
EXHIBIT 3
HANSOM CASUALTY LOSS SUMMARY
CLAIM FRFQUFNCY
BULLDOG
88-89
WC GL Auto
383 9
18
87-88
WC GL AUTO
1,072 42 37
86-87
WC
GL AUTO
1,015 174 34
85-86
WC GL
AUTO
1,105 29
58
84-85
WC GL AUTO
1,370 42 68
SIMCIAIR
88-89
WC GL Auto
1,282 289 35
87-88
WC GL AUTO
3,037 633 69
86-87
WC GL AUTO
2,811 475 72
85-86 WC GL
3,008 364 126
84-85
WC GL AlITO
2,817 487 115
MAJOR
88-89
WC GL Auto
1,369 47 79
87-88
WC GL AUTO
2,464 60
148
86-87
WC GL AUTO
3,328 171 194
85-86
WC GL AUTO
3,078 224 177
84-85
WC GL AUTO
3,274 265 169
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GLD053807
0049-GLD-000053807
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GLD053808
0049-GLD-000053808
NUMBER OF C LA IM S
IN D IV ID U A L CLAIM IN Q U IR Y :
i6
TOTALS
rs Cs /*> O o o Cj vj o- C-l w
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GLD053809
0049-GLD-000053809
NUMBER OF C LAIM S
IN D IV ID U A L CLAIM IN Q U IR Y :
1 TOTALS
3>
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F U N C T IO N :
GLD053810
0049-GLD-000053810
NUMBER OF C LA IM S
IN D IV ID U A L CLAIM IN Q U IR Y :
5
TOTALS
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F U N C T IO N :
3 5 2 ,1 0 3
GLD053811
0049-GLD-000053811
4-4 2
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GLD053812
0049-GLD-000053812
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GLD053813
0049-GLD-000053813
NUMBER OF C LA IM S
IN D IV ID U A L CLAIM INQ UIRY*
2 TOTALS
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98,1-25
GLD053814
0049-GLD-000053814
NUMBER OF C LA IM S
IN D IV ID U A L C LA IM INQUIRY*.
3
TOTALS -
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GLD053815
0049-GLD-000053815
Vt .
A
3Cj vfiXf
H / t / 8 2PRODUCT L IA B IL IT Y CLAIMS FOR SCM CORPOWATIOM
TO l / l / B T ) WERE ESSENTIALLY SELF-INSURED.
f "RESERVES HAVE BEEN ESTABLISHED
FSJ CLAIMS MANAGER. AFTER C O N rU T . REVIEW OF 'L L AVAILABLE
rRED. S- JAMES & CO. OF NEW ENGLAND, INC. 40 Broad Street. Boston. Massachusetts 02109 (617) 357-6600 Telex 940227 Fax (617) 357-6755
DATE: September 6, 1989 TO: Peter Bove FROM: Joe Zavagnin RE: Consolidated Gold Fields, Ltd. As you requested, I have attached a copy of the information on the captioned.
(
GX.D053817
0049-GLD-000053817
MARKETNG\CASVAL89.WRI
fJAw
CL 1 7/26/89/cls
PROJECTED SALES 11/1/89 - 10/31/90 f
(1.000'S)
t 3-!L-
TOTAL
WMK
HYDRO
AS&G
ARCA
CONCRETE PIPE
0
173,613
10,578
184,191
PRESTRESS
0 19,765
0 19,765
READY MIX
17.775
0 6,639 24,414
BLOCK
3.764
0 0 3,764
CONSTRUCTION
0
0 30,032
30,032
SAND & GRAVEL
1,750
0 1,944
3,694
MISC. WHOLESALE
3,266
2,790
1,250
7,306
TOTAL
$26,555
$196,168 $50,443 $273.166
- TOTAL EMPLOYEES
ARCA 33
WMK
HYDRO
AS&G
TOTAL
190 1,700 400 2,323
TYPE OF VEHICLE
PRIV PASS
ARCA 11
PICKUP
0
TRACTOR
0
TRUCKS
0
DUMP TRUCKS
0
MIXERS GRADERS
0 0
BOOM
0
VANS
1
MOBILE SWEEPER
0
12
LICENSED VEHICLES AT 11/1/89
WMK 6
17 1 0 7
75 0 0 0 0
106
HYDRO
TEXAS
OTHER
16 85
22 77
15 92
9 18
1 16
06
27
00
02
00
65 303
AS&G 25 54 13 34 37 26 11 11 2 0
213
TOTAL 143 170 121 61 61 107 20 11 5 0 699
& ']
I
GLD053818
0049-GLD-000053818
-a* </> o
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Cincinnati District
Gross Roeeipts Ntinber of Trucks
$217,000 20
$672,000 4$
$700
|
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I
GLD053820
0049-GLD-000053820
GOLD FIELDS AMERICAN CORPORATION
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i/> O
, lj0 Unl ? ,, !ly?eE dCe!EmHo0tIEeSs HANHAAGCEEHHEEHNTI
m RUCTURE
,.
` OSTORTUTECOTURUEHEIM
HAKAGEHEHT S
(
[|!a 1MS\SUBLSMRV.UR1 .* '9/cls
TYPE OF COVERAGE
YEAR OF LOSS
A/L 83-84
SUMMARY OF LARGE CLAIMS OVER $103,ODD (EXCUSING CEMENT PRODUCTS CORP.)
LOC. CODE NAME
1225 UALKER/SCHEiOEl
TOTAL CLAIM
412*385
OPEN/ CLOSED
C
COMMENTS
Lonspeed rear end caliis ion in rush hour traffic! aggravated Stheidel's previous back problems resulting in further surgery and disability.
A/L 82-83 6202 GLANCY/G1LLESPIE lDli675 c Gillespie was rear ended at low speed aggravating
previous back injury.
* A/L A/L
A/L A/L
84-85 85-86
1141 1465
UJDUIG/H0RN8UCKLE BENNETT/BECKHAM
459,566 117,410
85-86 85-86
1468 ELST0N/8R0CK/ UOODS/FONSECO
2002 HENORICKSOM
103,328 299,852
c Insured rear-ended etaipant
0 Insured vehicle stopped 2 ft. into intersection causing
Bennett (on cross street) to swerve into anconing path of Beckhai.
c Insured rear-ended clainant. Four occupants in
ciainants car.
c Oriver fell asleep at wheel and struck disabled vehicle
on side of freeway killing the other driver.
G/L
X
81-82 84-85
2002 LOTZ 2002 CONNOR
216,205 150,159
c Motorcycle overturned on highway paving jobsite.
c Conner, while intoxicated, struck a parked vehicle, and
Vas killed. His estate dains the roadway was under construction and he becane confused by tbe signs xbich contributed to the accident. ASLG's subcontractor vho was responsible for the signing, paid SSOiDOB t AS1G paid $100,000 plus attorney expenses.
G/L
84-85 2002 HASSLES/8URRELL
465,081
0 Hassler nas intoxicated and overturned his notorcyele
after crossing an abrupt lane edge on a highway
construction project. Gath he and his passenger,
Burrell, sustained injuries. The project was
adequately narked nith naming signs. AS4G has
a good defense position. The $451,000 carrier
reserve is believed grossly overstated.
G/L 68-89 mi SUMRALL
350,500
0 Load fron forklift shifted and fell on clainant. Reserve $350,494. Other Workers Conpensation carrier is paying and sill subrogate back to HCC
G/L
88-89 6219 SPANISH TRAILS/
151,500
0 Settling pond dike broke, water and silt flooded
CLARK COUNTY/
ciainants properties. Reserve $151,500
IMPERIAL PALACE
U/C
l
u/c
81-82 2014 HICKS 81-82 1139 CARR
113,449 116,185
0 Sitka, AK - Clainant helping unload parts which tell on left leg, crushed foot and ankle. Third party subrogation suit filed for faulty loading.
c Enplayee tripped and fell under a load being lowered
with a forklift. Injured both legs.
GLD053822
0049-GLD-000053822
M
i<AlHS\SUBLSMRV.l!Rl ft'4/89/cls
SUMMARY OF LARGE CLAIHS OVER $100,000 (EXCLUDING CEMENT PRODUCTS COfiP.)
t ype of
COVERAGE
u/c
YEAR OF LOSS
82-83
L0C. CODE
1141
NAME
KIRBY RECOVERY
u/c 83-84 1147 ALORETE
1I/C '84-85 113? GUINN
u/c 84-85 1147 RHODES u/c 84-85 1232 KEENE
TOTAL CLAIM
OPEN/ CLOSED
153.397 (11.302)
C
142.095 116,042
c
113,015
. 109,936 101,395
c
c
0
COMMENTS
Overhead hoist control failed to stop aoveient causing load to strike wall and fall on Kirby. Subrogation against equipaent *anufaeturer *as successful. Kirby received $25,000 and HCC received $11,302 of that.
Using a crowbar to pry a cage, the bar slipped and claiiant felt to ground injuring hts back. (Previous aotorcycte accident just before being rehired by HCC.)
Lifted tarp rack, injured back, right hip and left leg, resulting in surgery and disfigureaent.
Prestress uire broke and struck ciaiiants shoulder.
Employee tilled when tuo-part wheel asseaply he uas reanving exploded. Exploring subrogation against wheel service coapany.
u/c 85-86 1318 MORENCY
560.105
0 Uncured pipe collapsed and fell on enployee when sold was reaoved.
('
86-37 1147 PATTERSON
204,010
0 Stressed cable released, severely lacerating and fracturing bones in both hands and lacerations on head and back shoulder area.
u/c 67-68 1142 QUINTERO u/c 87-88 1147 CHAVEZ
106,000 118,000
0 Carrying ladder, slipped and fell, injuring back. Reserve $66,778.
0 Stripping concrete bed, steel far* case loose and pinned clamant between the fora and the cross ties. Reserve $59,625
u/c 87-68 1466 CLATTON
383,000
0 Claiiant fell off of and was run over by forklift injuring chest and left ar. Reserve $142,072
u/c 88-89 1316 OE LA TORRE
140,503
0 Extension for* fell on claisant's feet cutting his feet on etal lor*. Right loot amputated, crush injury to both feet. At hoie alter aiputatian. claiiant fell and fracti hip. requiring surgery.
GLD053823
0049-GLD-000053823
&
TOTAL
699
143 170 121 61 61
>to t<o 23E >to Ro* tCoo X O>
0t-3 0035 iO- M
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5 20 107
GLD053824
0049-GLD-000053824
r
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GLD053825
0049-GLD-000053825
MARKETNGWEHCLSHC. WR1
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GLD053826
0049-GLD-000053826
MARKETNC5WEHSCH89. WR1
7 /2 5 /8 9 /c ls
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scoxxzxrx
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0
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GLD053827
0049-GLD-000053827
MA3.<TKGVVEHCLSC. US!l
HKORO VEHICLES BY PLANT
PLANT # TCTRS TRKS P.U. DUMP SIXES P.P. GRADERS VANS TOTAL
CORP i 0 0 0 0 0 3 a a 3
ENG - LAX Z a 0 0 0 0 3 0 0 3
KNC-CR
ID 0 0 a 0 0 2 0 0 2
OFU It 4 ' 3 7 0 0 5 l 0 20
HST 12 0 4 7 1 0 4 t Q 17
SAT 14 4 0 5 0 0 2 0 0 11
-AL3P
20 fl 0 0 0 a 0 0 0 0
ALB PS
21 0 0 0 0 0 0 0 d 0
ALB TRIC 22 7 0 IB 0 i 4 l 0 23
OEM 23 5 0 3 1 Q 2 1 0 12
ELP 24 5 0 2 1 0 1 0 0 9
TUL PS
25 1 0 2 0 1 0 1 D 5
FSN 30 0 Q a a Q 1 0 Q 1
LRK 31 0 1 i 0 0 1 0 0- 3
KNC 32 1 0 3 0 0 3 0 a 7
OKC 33 1 0 2 0 0 2 0 0 5
ONA 34 4 0 2 1 0 2 1 a 10
-TUL P 35 2 0 2 0 a l .0 0 5
STL 37 0 0 2 Q 0 l a Q 3
ORO - ER 40 0 Q 0 0 0 3 0 3 3
ORO 41 4 0 2 a 0 3 1 a t2
MIA 42 4 0 2 l 2 3 0 0 12
ATL 43 t 1 3 0 0 4 0 0 9
TPA 44 2 0 1 i 0 2 3 Q 5
TLH 45 2 0 1 l 0 1 D 0 5
CHA 44 1 Q 2 0 0 1 D 0 4
JAX 47 1 Q 1 0 0 1 0 0 3
FHY 48 4 0 1 a 0 3 0 a 3
LAX - UR 50 0 0 0 0 0 3 0 0 3
LAS 51 2 0 3 0 0 2 0 Q 7
PHX 52 Q Q 3 a 0 3 a 0 4
RNO 53 1 Q 2 0 a 2 0 0 5
PLO 54 0 2 2 0 Q 3 0 a 7
FSE 50 1 0 3 0 0 2 3 3 5
NAP 41 0 0 1 0 0 4 1 0 4
ORL 42 0 0 2 t 0 0 0 0 3
THO - HR 45 0 G 0 a 0 2 a 0 2
THO 45 9 1 3 i 0 4 0 0 18
UlL 44 5 4 2 i 3 2 0 0 14
HOC 47 2 2 2 i 0 4 0 1 12
SAL 48 3 1 1 i 0 Z 0 0 8
HAG 4? 7 1 1 l 0 2 0 0 12
LAX 70 8 t 2 i 0 4 0 1 17
KYS 75 0 0 2 i 0 t Q 0 4
GW 7? 0 0 0 a 0 0 0 a 0
COL 80 D 0 1 Q 0 1 0 a 2
ALU e 2 2 l 0 0 2 a Q 7
SSU 15 1 2 0 0 1 0 0 0 4
INS 15 1 0 1 0 0 0 0 Q 2
?UA LAF
17 0 0 1 1 a 0 3 a 2 18 5 2 2 a 1 a Q a 10
HEN
[NO GIST
19 29
5
0
D
0
3 0
t
a
0
a
0
0
1 0
0 10 a0
TOTALS
107 27 7? 17 4 IQl 9 2 348
GLD053828
0049-GLD-000053828
HYDRO VEHICLES IN TEXAS BY CLASS
&
GLD053829
0049-GLD-000053829
..Jtt
OS 3=
O3:
Cuh JO >aLs] *t-fi ^ VCJ.
Z
H UasJ Sto
OS <S3
< \c-
WMK
POWER UNITS BY STATE AND CLASS
oas ii o odo i
VI 0(0 t <A
OS CM tO I C" U)
X
CO
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GLD053830
0049-GLD-000053830
(EL-qiLElAACr.HSc.URi `4/SS/cis
SCHEDULE OF INSURANCE AMERICANi AGGRESAIHjj
INSTANCE COVEr AS
COfWESC!AL PACKAGE POLICE PROPERTY INSURANCE All Risi excluding Earthsuate & Plead ACV Basis MX Ca-!rs/Agresd Aat
3ENERAL LIABILITY
AUTOMOBILE LIABILITY
Caaorehensive - ACV EKLL
( IB1LE PROPERTY FLOATER All Risk including Iced X Earthquake ACV 8ssis
CONTRACTORS EO'JIF. FLOATS? All Risk
UMBRELLA LIABILITY 1st Layer
LIMITS
DEDUCTIBLE (collars)
SSSSBSSSSS
COMPANY l POLICY NUMBER
sssssssssssas
5>E93,BSi Blanket cr. Bui Idiocs L
Persona! Property
25.3D0 sr 253 desending Sn iacstion
L'SFIG IM?D7632il27-01
1>003.000
NONE
UarlG IMP078524127-01
1,033.000 SO.000
COFIFLPPI USfiS each accident IMP078524127-Q1 {Michigan) 530 130 each Ccasrehensive loss, sax. 500 250 each Cc Hi si on or Ifeset loss
25>iSOiOCO Blanket and Agreed Aaour.t Coverages
25,000
LSFiS !MP07fi524127*01
1,164,753
5,000
U5FLG IMP078524127-D1
5.000,000
NONE
USFLG 1HP078S2412701
TOTAL PACKAGE POLICY PREMIUM
TRUCKERS INSURANCE
1,000,033
(Srsin-HuHsmter Materials Co.)
NONE
UQREILA EXCESS LIABILITY
2nd Laver
10,000.000
NONE .
excess cf $6,000,000
v 3rd Layer 4th Laver
5,000,000
NONE
excess ok $16,000,000
lO.Doo.ooo Noie
excess cf $21,000,000
USFXE IAT10753942100
.
PACIFIC EMPLOYERS INS XCC 02 78 14
FIRST STATE INS CO EU 006971
FIREMAN'S FUNO INS CO XXK1900867
POLICY PERIOD
sssss
ANNUAL t o t al PREMIUM
4/1/53-39
43,931
4/1/63-3? 4/1/B8-29
120,000
' 50,000
4/1/52-59
23,160
4/1/55-59
4,667
4/1/65-59
35,020
331,755
uftsessssssss
4/1/86-09
115,016 EAP
4/1/88-B9 4/1/38-09 4/1/83-39
70,053 25,000 30,000
GLD053831
0049-GLD-000053831
( Fp'JLENAA.CSCH5S. WR1 v. *4/3S/cls
INSURANCE COVERAGE
UOSKEx; COMPENSATION/ ESLDYESS LIABILITY
SCHEDULE OF INSTANCE AMERICAN AGGREGATES
LIMITS
DEDUCTIBLE {dollars)
COMPANY k POLICY NUMBER
STATUTORY
NONE
Sailovers Lias;
IflO.flOC each a::
500,ODD Paf;=v iis:t
by disease
100.300 each esolovee
by disease
FIDELITY l GUARANTY 52 00522 35 5
POLICY PERIOD
ssssss
4/1/35-55
ANNUAL TOTAL PREMIUM.
sssssssssssss
355.044 EAF
BOILER 5 MACHINERY Broad Fere Accident Aii Objects indue in; Renair or Reslaceeent
1,000,CCD
25.000
3UCKEYE UNION INS CO 8R2705157
4/1/56-5?
13.115 EAF
MARINE INSURANCE Hull Coverage
'i1
Excess P l I 1st Layer
2nd Laver Fsllotting Fori
1.942,000 AS FEE SCHEDULE
:>ooo,coo
AS PER SCHEDULE
AS FES SCHEDULE
9.000,000 AS PER SCHEDULE
20,000,000
NONE NONE
Federal Water Polluticn (Grant Contracting)
5.000.000 Aggregate
2.530 each accident or Occurrence
BUCKEYE UNION INS CO (MOACJ HV 7-33-73
4/1/23-5?
BUCKEYE UNION INS CO (MOAC) HV 7-33-7?
4/1/66-2?
ST. PAUL PROP, t LIAS- INS CO 4/1/55-5? 352FAQ75Z
ARKWRIGHT BOSTON MFG INS CO MHQ97831
4/1/56-89
WATER QUALITY INS SYNDICATE 30-2545-10
9/15/67-85
24.474 15.703 15,750 17.500 2,306
DUELIINS INSURANCE Ail Risk 11251 Loner Valley Pike Mednay. OH
All Risk ' River Raad 4 East
114th St. Cartel. IN
All Risk 25?1 Wood Bluif Lane Soring Valley. OH 45370
100>000 Bldg 5DQ 4.000 Rents 155.500 Bldg 500
214,000 Bldg 500
AUTO-OWNERS MUTUAL INS CO 05271453
AUTO-OUNERS MUTUAL INS CO 05312S53
USFtS 0U0S0343442
4/1/BB-89
310
4/1/58-8?
549
2/19/53-59
1,04?
?-3
GLD053832
0049-G LD-000053832
SCHED'JLE\AAC5'H99. UR1 f '33/:Is
SCHEDULE OF INSURANCE AMERICAN AGGREGATES
INSURANCE COURAGE
LIMITS
DEDUCTIBLE (dollars)
COMPANY l POLICY NUMBER
AlI Risk 420 Trentcn Court Zicnsuillei IN 46C77
155,000 Bid; 502
COVERAGES UCUJOSD IN ARC PROGRAM
NON-OUNEO AIRCRAFT
s j DDDiDCO
NONE
USFSG 0X50312559
ASSOC. AVIATION UNDERWRITERS 97 GU 403323
EXECUTIVE LIABILITY Fidelity . Fiduciary DIO
2.002,000 5,030,000 5,000,000
25,000 none 5,000/PERSON 10G,000/COR?
FEDERAL INSURANCE/CHUBB . 6203 45 53A
SZOS 45 53A 6203 45 57A *
POLICY PERIOD
ANNUAL TOTAL PREMIUM
2/19/55-59
734
11/1/B7-SS
1,500
9/23/87-33
32,143
1 . INSURANCE PROGRAM PREMIUM
91,057,227
\
....... *4 GLD053833
0049-GLD-000053833
Jam
SC 3/2/S?/cis
SCHEDULE OF INSURANCE ERNST AGGREGATES
II tS S I1I1
I
INSURANCE COVERAGE
COMMERCIAL PACKAGE POLICY PROPERTY INSTANCE Special Fora Replacnent Cast Basis 9OT. Co-Ins
Accts Receivable 601 Ca
LIMITS
771,750 Blanket on Bui 1 dings L Personal Property 1,300.ODD
DEDUCTIBLE WoLlars)
sssssssaaar
1,000
GENERAL LIABILITY Excl. Prod. 1 Caspl Ops Stop Gap
1,000,000 1,000,ODD
NONE
MOBILE PROPERTY FLOATER Oirect Physical Dasage ACV Basis
2,625)000 Blanket Gravel Plants
5,000
CONTRACTORS EQUIP. FLOATS Oirect Physical Oaaage Scheduled touip. Portable Batch Plants Rented. Borrowed, Leased
1,809,580 200.000 50,000
2,500 2,580 2,580
EXECUTIVE LIABILITY { Eeployee Dishonesty
Forgery Theft, Dishonesty.
Destruction
100iGOO 10,000
None
5,000 In/Out
TOTAL PACKAGE POLICY PREMIUM
COMPANY l POLICY NUMBER
sssssssssssss
INDIANA INS. CO 42-40-403
INDIANA INS. CO 42-46-483
INDIANA'INS. CO 42-40-483
INDIANA INS. CO 42-46-403
INDIANA INS. CO. 42-048-403
AUTOMOBILE LIABILITY Medical UN Cosarebensive - ACV Collision
WORKERS COMPENSATION/ EMPLOYERS LIABILITY
UMBRELLA LIABILITY
1,000,000 5,000
300,800
STATUTORY
1,080 P.0.
500 500 NONE
10,000,000
18,000
INDIANA INS. CO 22-42-459
STATE FUND 815044 INOIANA INS. CO 14-079-405
BOILER L MACHINERY Scheduled Locations All Electric Haters 100 HP & aver
100,000 Blanket
250
CINCINNATI BMS2617109
1 :im CUiis Hade
1.000,000
None
FEDERAL INSURANCE/CHUBB 3US1287
TOlftL INSURANCE PROGRAM PREMIUM
EFF. 0/19/86 ALL COVERAGES HERE MERGED INTO AMERICAN AGGREGATES PROGRAMS
POLICY PERIOD
caaeate"'
4/1/88-69
ANNUAL TOTAL PREMIUM
7,350
4/1/88-09 4/1/83-69 4/1/88-89
8,583 11,448
inci
4/1/86-69
1,123
4/1/83-8?
28,SG? 60,557
7/1/B3-89 4/1/88-6? 4/1/67-90
,f
UNK
24,720
1,674 ANNUALLY
4/1/07-6?
7S0 *116,210
GLD053834
0049-G LD-000053834
I'JtJlEttAKhSW.lK: 9/e/a9/c!s
SCHEDULE OF INSURANCE ARC AMERICA CORPORATION
*
'NSURANCE COVERAGE
.ssss:s::?ss:;s::ss
AtG RETROSPECTIVE INSURANCE PROGRAM
(/driers' Condensation/ Enpioyer's Liabi 1 ity
General Liability
II II
U
IIII II
LtMITS
DEDUCTIBLE Idol tars)
SSS8SSSSS3
STATUTORY 1,000,000 PER CLAIM l.OOO.ODO AGG. FOR 01SEASE
NONE
1.000.000
NONE
COMPANY l POLICY NUMBER
=============
NATIONAL UNION FIRE INSURANCE COMPANY UCU24549 (ALL OTHER)
NATIONAL UNION UC1124547 (CA ONLY)
BIRMINGHAM FIRE INS. CO. UC11Z4S48 (A2. OR. MO)
NATIONAL UNION GLA4S94D21
POLICY PERIOD
ANNUAL TOTAL PREMIUM
11/1/00-89
1 AIG ortsiuE is estiaatec based on projected losses under $200,000 per occurrence retained by ARCA. Preaiw i be adjusted annually consent: i 5/1/90 according to actua! lass experience.
11/1/BB-B9
Auto Liability
l.ooo.ooo
NONE
TOTAL AtG PREMIUM (includes Johnson 1 Higgins tee)
NATIONAL UNION RMBA14S912B RMBATX1459129 (TEXAS1
ll/l/eB-09 11/1/60-09
2.473.020 *
SEPARATE U/C PROGRAMS NOT
INCLUDED IN AIG PROGRAM Specific Excess Workers' Casoensation & Ebp1 oyer's
1D.QQ0.QQQ CA. UA. NV WORKERS COMP 3S0.C00
EMPLOYERS RE C35Z2S
5/24/89-90
14JE.2B7 DEPOSIT
Liability (for Self-Insured l USUH
OHIO
States CA. VIA. NV. OH)
1.030,000
400.000
Preaiua subject to 9CX of
(Includes AAC)
EMPLOYERS
USUH
Deposit Miniaua - Adjustable
LIABILITY
5CO.OOO
at audit
iratH DOES NOT COVES GRANT CONTRACTING EMPLOYEES. THEY ARE COVERED BY USFLG (ONLY FOR USUH)
UMK Arizona Workers' Coapensation
Esployer's Liability
STATUTORY
SOQ.DOD PER CLAIM 2.500,000 AGE. FOR DISEASE
NONE NONE
ARIZONA STATE FUND 1Z4S72-9 SAME
TOTAL PRIMARY CASUALTY PROGRAMS
UMBRELLA LIABILITY (First Layer)
(TOTAL $30,000,000 LIMITS EXCESS OF PRIMARY CASUALTY COVERAGES)
5)000)000 NONE
TRANSCONTINENTAL
UM82744973
(Second Layer)
10.000,000 NONE
NATIONAL UNION 3070154
(Third Layer)
15,000.000 NONE
FIREMAN'S FUND XXK190901?
11/1/88-89
33.006
2.076.055
11/1/88--89
350,405
Adj. at $1.35/1,000 Sales
11/1/88-89
140,192
ii/i/es-e?
112,134
TOTAL UMBRELLA PREMIUM
422,731
GLD053835
0049-GLD-000053835
JUtS\>oCr.S9A.(JEl . ,,/39/c!s
SCHEDULE OF INSURANCE ARC AMERICA CORPORATION
INSURANCE COVERAGE `
LIMITS
DEDUCTIBLE {dollars)
COMPANY l POLICY NUMBER
EXECUTIVE LIABILITY (Includes AAC)
Fidelity Fiduciary 0 10
2,000,000 5,000,000 10,000,000
50.000 NONE S.OOO/PERSON 100.00G/C0RP
FEDERAL INSURANCE CHU83
8108 45 568 8108 45 5BB 8108 45 57B
TOTAL EXECUTIVE LIABILITY
POLICY PERIOD
9/26/8810/1/89
ANNUAL TOTAL PREMIUM
16,735 7,740 90,636
115,111
NON-OUNED AIRCRAFT LIABILITY (Includes AAC)
10,COO,000 NONE
WHARFINGER LIABILITY
1,000,000
Construction Products Corporation
Cannalton, IN Operations
2,500
TOTAL CASUALTY PROGRAMS
ASSOC. AVIATION UNDERWRITERS 97 GW 404281
ARKWRIGHT INS CO. MMNU8246?
11/1/88-89 5/16/89-90
2,525 2,250
3.620.712
PROPERTY INSURANCE All Risk (Inc:. Transit) Property Damage
Personal Ccrsuters
Seiler 1 Machinery Oirect Damage Expediting Expense Production Machines Extra Expense
211,038,000 REPLACEMENT
VALUE
35,000
1,000 PER UNIT.
ALLENDALE INSURANCE UA066
10,000,000 REPLACEMENT
VALUE
5,000 PROPERTY DAMAGE
1,500
CONTINENTAL BMP 1107625
10/1/08-89
111,367
10/1/87-9C
26,525
TOTAL PROPERTY INSURANCE
137,892
TOTAL ALL INSURANCE
MISCELLANEOUS SURETY BONO RATES EFFECTIVE 1/1/88 SUPPLY ONLY $3.00 PER $1,000 REGARDLESS OF SIZE
CONTRACT PRICE 1ST $500,000 NEXT 2.000,000 NEXT 2,500,000 NEXT 2.500,000 OVER 7,500,000
BRIDGES
9.00 6.SO 5.50 5.00 4.QQ
BUILDINGS
11.50 a. oo 6.50 6.00 535.00
INCLUDING ERECTION
NEVADA SALES TAX $10/1,000
3,758.606
GLD053836
0049-GLD-000053836