BOSTON – CUMIS Insurance Society last week filed suit against a New Hampshire sign manufacturer and its Massachusetts contractor for an electrical fire in Service CU’s Falmouth, Mass., branch – for which the credit union insurer paid the New Hampshire credit union more than $1 million in reimbursements.

Jutras Signs of New Bedford, N.H., and Eric Stewart, an East Falmouth electrician, were hired in 2007 to repair four backlit fluorescent signs mounted on the roof of the credit union’s Falmouth branch. When a three-alarm fire broke out at the branch in October 2011 the cause of the fire was traced to the signs, according to the suit.

CUMIS eventually paid Service CU $1.04 million to cover the costs of the damages.


Subscribe Now

Authoritative analysis and perspective for every segment of the credit union industry

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.