August 01, 2014 10:43 PM ET

Insurance

Company Overview of National Union Fire Insurance Company of Pittsburgh PA

Company Overview

National Union Fire Insurance Company of Pittsburgh PA provides commercial and personal insurance solutions in the United States. It offers accident insurance solutions for business and individual customers. The company was founded in 1901 and is based in New York, New York. National Union Fire Insurance Company of Pittsburgh PA operates as a subsidiary of AIG Property Casualty U.S., Inc.

70 Pine Street

New York, NY 10270

United States

Founded in 1901

Phone:

212-770-7000

Key Executives for National Union Fire Insurance Company of Pittsburgh PA

Chief Financial Officer
Secretary
Age: 58
Controller
Compensation as of Fiscal Year 2014.

National Union Fire Insurance Company of Pittsburgh PA Key Developments

Former Owner of the Houston Astros Files a Lawsuit against National Union Fire Insurance Co. of Pittsburgh

The former owner of the Houston Astros filed a lawsuit against National Union Fire Insurance Co. of Pittsburgh alleging wrongful denial of coverage in connection with a lawsuit arising from the sale of the team in 2013. McLane Group L.P. is the named entity on a commercial liability policy issued by National Union that lists McLane Champions L.L.C. as an additional insured. According to the lawsuit, R. Drayton McLane Jr. and McLane Champions sold the team and rights to the team's television contract. The buyer, Jim Crane, then filed a lawsuit against McLane Champions, alleging misrepresentation and failure to disclose. McLane Champions tendered the defense of the underlying lawsuit to National Union. McLane Champions alleges that, although National Union advanced defense costs to McLane individuall, it wrongfully denied coverage to McLane Champions under an exclusion for contractual liability.

U.S. District Court for the Southern District of California Announces Judgment in Lawsuit between Fidelity National Financial Inc. and National Union Fire Insurance Company of Pittsburgh PA

The U.S. District Court for the Southern District of California held a magistrate judge misinterpreted California's Cumis statute in relation to a settlement evaluation memorandum and, therefore, erroneously held that an insurer waived its attorney-client privilege. After learning of allegations that it was involved in a Ponzi scheme, Fidelity National Financial Inc. provided notice to its insurer, National Union Fire Insurance Co. of Pittsburgh, PA., which issued two separate policies, an errors and omissions (E&O) policy and a financial institution bond. In connection with its coverage investigation under the E&O policy, National Union requested that defense counsel provide an analysis of potential liability for one of the underlying claims. Subsequently, Keith and Joni Holdaways offered to settle their suit for $19 million. Fidelity tendered the settlement to National Union under the E&O policy. National Union replied that it did not have enough information to evaluate the reasonableness of the Holdaways' offer. Fidelity then provided National Union with a memo written by defense counsel, but demanded National Union create an ethical wall between the E&O and the bond claim files for the purpose of maintaining Fidelity's attorney-client privilege between the two claims. After the insurer paid its limit on the E&O policy, National Union and Fidelity disputed whether additional coverage was available under the bond. In the ensuing coverage litigation, National Union's expert relied on defense counsel's memo, which it obtained from the E&O claim file. Fidelity then filed a motion for discovery sanctions alleging National Union improperly relied on an attorney-client privileged document. A district court magistrate judge granted the motion, and Fidelity appealed. The district court affirmed in part and reversed in part the magistrate judge's order. The court held National Union could not use the attorney's confidential legal memorandum assessing the settlement offer under the E&O policy against Fidelity in the action on the separate financial institution bond. California's Cumis statute required Fidelity to provide National Union's E&O claims department with the attorney's candid and complete evaluation of whether or not to settle the Holdaways' suit against Fidelity. Fidelity was required to share the case evaluation memorandum with National Union to obtain the benefits of the E&O policy. Consequently, the district court concluded National Union was limited to using the privileged document to evaluate the settlement of the underlying action in connection with that particular insurance policy. The court concluded Fidelity did not directly or impliedly waive the attorney-client privilege in relation to any other insurance policy, including the bond issued by National Union.

National Union Fire Insurance Co. of Pittsburgh and American International Specialty Insurance Co. Files a Lawsuit

National Union Fire Insurance Co. of Pittsburgh and American International Specialty Insurance Co. filed a lawsuit alleging they do not owe coverage for pollution damages caused by a sinkhole in Louisiana. The insurers provided commercial liability policies to Texas Brine Co. L.L.C. between 1991 and 2009. The underlying litigation arose against Texas Brine-alleging pollutants were released from a sinkhole on company premises. The sinkhole and release caused a mandatory evacuation of the area. The insurers claim that their policies do not provide coverage for pollution. They also allege that the damages in question occurred outside the policy periods.

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