environmental liability insurance Articles

  • Environmental damage: what to quantify, prevent and insure

    The Environmental Responsibility of the various economic agents operating in Spain has already been required for the last two years with the passing of Law 26/2007 of 26 October on Environmental Responsibility. Also, its partial development, as defined by Regulation 2090/2008 of 22 December, has helped to better know the environmental damages repair projects contents. Over the next year, one of ...

  • Integrated Environmental Risk Financing for Successful Brownfields Redevelopment

    Untitled Document Environmental engineers and others involved with brownfields redevelopment have increasingly come to appreciate the role of the new environmental insurance products in financing ...

  • Insurance regarding radical uncertainty: approaches in France and in Germany for sewage sludge land spreading

    Up to now, economic literature regarding the product safety has studied foreseeable risks that are known by producers. However, the literature has not analysed which liability rule and insurance schemes are efficient for radical uncertainty. This paper addresses this topic through insurance schemes in France and Germany for sewage sludge spreading. Section 1 gives an overview of economic ...


    By Inderscience Publishers

  • Transfer Your Environmental Risks to a Third Party

    Remediation of contaminated sites often is costly and time-consuming, diverting scarce corporate resources from a company’s core operations. Moreover, the Sarbanes-Oxley Act and recent Securities and Exchange Commission and the Financial Accounting Standards Board rules and standards governing accounting for and reporting of environmental liabilities (e.g., FIN 47 Accounting for Conditional Asset ...


    By Freeborn & Peters LLP

  • Ministers Reach Deal on EU Liability Plan

    European environment ministers meeting in Luxembourg today agreed in principle on an EU financial liability regime for environmental damage caused by companies. Preliminary details of the compromise emerged late in the afternoon. The settlement provides comfort to both industry lobbyists and environmental campaigners. Ministers have said that liability insurance should be voluntary pending a ...

  • Breaking Stakeholder Gridlock case study

    Challenge: Antea Group assisted multiple property stakeholders with the development of a liability transfer program to facilitate the remediation and closure of a PCB, chlorinated VOC and TPH contaminated former oil recycling depot site in New Jersey. Prior to Antea Group involvement, the property stakeholders had been in negotiation deadlock regarding the site for 18 ...


    By Antea Group - USA

  • Legends Explains Environmental Consultants’ Insurance Needs

    Environmental consultants protect people and the environment from possible harm due to a variety of situations and contaminants.  The nature of their work makes it essential that they are protected by an insurance policy that covers their needs.  These needs can be diverse, depending upon their services and clientele, so it’s important that they understand the various types of ...


    By Cochrane & Associates, LLC

  • The Availability of EIL Insurance During the 80’s and Early 90’s

    Introduction In Owens-Illinois, Inc. v. United Ins. Co., the New Jersey Supreme Court held that, in allocating insurance coverage for indivisible losses that trigger multiple coverage periods, the policyholder must share pro rata responsibility1 for self-insured, under-insured, and uninsured periods. When the policyholder has decided to forego insurance, as opposed to periods in which insurance ...

  • Cleaning Up With Rent-a-Chemical

    Lease programs are emerging as a safer, more environmentally friendly way to manage chemicals. Imagine if instead of making a list, buying groceries and sometimes running out of milk or ending up with spoiled food in the fridge, you engaged a company that helped analyze exactly how much food your household uses each week based on the meals cooked and eaten. That company would then deliver ...


    By Ensia

  • Environmental Insurance for Lenders: What is It, and Can It Substitute for Due Diligence?

     This article addresses two aspects of the new environmental insurance policies for lenders (usually referred to as Secured Creditor, or SC, policies): that of the sometimes significant differences among the policies now on the market, and the controversial due diligence issue - whether the policies can be a 'substitute' for environmental due diligence or a Phase I. The four major ...

  • The New Environmental Insurance Products: When Does it Make Sense to Buy Them?

     Part One Introduction Real estate transactions with environmental problems often founder on attempts to shift the liabilities from one party to the other. In transactions with other types of problems, insurance is a popular risk transfer mechanism,  and is regularly used for that purpose, but it is used far less often when there are environmental risks. This so-called ...

  • Financial assurance and long-term stewardship

    While financial reporting is a SEC requirement for all publicly traded companies, financial assurance is a requirement of regulatory authorities and applies to all responsible parties, whether publicly or privately held. Here the author tackles the question of the financial impact on companies if the scope of liabilities requiring financial assurance were increased and, as a result, they failed ...


    By AHC Group

  • Environmental Insurance: Finding a Good Tailor

     An article by this author in the December 1999 issue of Brownfield News analyzed two new environmental insurance products, the cleanup cost cap and pollution liability policies, which have proven to be key factors in the success of some contaminated property transactions. The article explained that, to achieve this success, environmental insurance experts need to tailor the policy to the ...

  • Environmental Insurance: Tailored to Fit

     More sophisticated insurance tools are making it earier to protect your property Contaminated properties represent a huge investment opportunity, but much of it lies untapped because of environmental liability concerns. Anyone who buys property that is actually or potentially contaminated should consider it as a risk management option, and they should do so very early in the brownfield ...

  • Integrated Environmental Risk Management Strategies: Funding Environmental Cleanup from Pre-existing Insurance Policies

    One of the terms used to describe the newest environmental risk management strategies, is the term 'Integrated Environmental Risk Management.' This involves evaluating and 'integrating' both new and traditional resources to help clients manage, control, avoid and ultimately transfer environmental risks. Environmental Services Group & Dispute Resolution Management, Inc. At ...


    By Crystal & Company

  • Incentives for environmental performance

    There are many advantages for a company who is pursuing a course of superior environmental performance. Governmental Trends to Improve Environmental Management Better organization and more efficient management of environmental responsibilities. Better compliance with laws and regulations. Reduction in environmental risk and liabilities with possible ...

  • Integrated Environmental Risk Management in Real Estate Transactions

     Traditional risk management posits a rational, five-step process for managing risks. The outstanding differences between this traditional process and the environmental risk management process lie in the technicality and complexity of step one (identifying and analyzing environmental risk) and of the first part of step two (examining the feasibility of  alternative risk management, ...

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