liability coverage Articles

  • White Paper on Environmental Liability

     Executive Summary This White Paper explores various ways to shape an EC-wide environmental liability regime, in order to improve application of the environmental principles in the EC Treaty and implementation of EC environmental law, and to ensure adequate restoration of the environment. The background includes a Commission Green Paper in 1993, a joint hearing with the European Parliament ...

  • 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 ...

  • Three Strategic Options for Managing Acquired Environmental Liabilities

    Evaluating Through a Finance Lens As companies strive to remain competitive and profitable in today’s uncertain economy, asset transactions continue to play a leading role in their efforts to transform, adapt and re-invent themselves. A well-thought out and well-executed acquisition can bask even the most gloomy of balance sheets in sunshine by bringing rapid revenue growth, added ...


    By Antea Group - USA

  • Nuclear liability for international transport accidents under the modernised nuclear liability conventions: an assessment

    The last decade saw the adoption of four new nuclear liability treaties, resulting in a modernisation of the existing nuclear liability regime. If applicable, the nuclear liability situation, in the case of international transport, might become more complicated, but at the same time also more transparent, should these treaties enter into force for certain States, but not for others. For instance, ...


    By Inderscience Publishers

  • The state of implementation of the Paris Convention as amended by the Protocol of 12th February 2004 in Germany

    The 2004 amendment of the Paris Convention provides large-scale changes aiming at a further harmonisation of the international third party liability regime. The ratification now requires the adaptation of the respective existing national law to the accomplished amendments. The submitted paper portrays the state of implementation of the 2004 revised Paris Convention in the field of third party ...


    By Inderscience Publishers

  • 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 ...

  • 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

  • Common insurance misconceptions

    There are some common misconceptions regarding insurance for the waste industry. The most prevalent of which revolves around Environmental Insurance and who really needs this coverage. Many waste industry operators believe this type of coverage is only needed by hazardous waste haulers or entities engaged in landfill operations. While both of these operations would need environmental coverage, it ...


    By Waste Advantage Magazine

  • 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 ...

  • Update on the homeowner heating oil safety bill

    All homeowners in Massachusetts should be aware that on December 29, 2008, the State Senate enacted the long-awaited Homeowner Heating Oil Safety Bill as Chapter 453 of the Acts of 2008. It required homeowners to upgrade their existing oil heat supply line and insurance companies to offer coverage for a spill by July 1, 2010. On January 5, 2009, it was signed by the Governor. On June 30, 2010, a ...


    By Penney Engineering, Inc

  • 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 ...

  • 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 ...

  • Understanding Environmental Insurance & How it Works for You

    For environmental contractors and consultants, environmental insurance provides them with the ability to grow a business and bid on contracts. Without the correct limits, or complete coverage, a company is unlikely to be awarded lucrative contracts.   It’s important for environmental contractors and consultants to understand their insurance needs and what is covered in their policies. ...

  • 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 ...

  • IAQ Consultants Encouraged to Review their E&O Insurance

    Errors & omissions (E&O) insurance, also known as professional liability insurance (PLI) and professional indemnity insurance (PII) is a crucial form of coverage for professionals dealing with indoor air quality (IAQ) consulting services.  E&O insurance helps to protect IAQ consultants who provide advice and services from the full cost of defending against negligence claims and ...

  • Mobilizing global teams case study

    Challenge: A global consumer packaged goods company seeking to identify potential divestment opportunities enlisted the support of Antea Group to provide environmental due diligence services at multiple facility locations across 24 countries within an aggressive six-week time frame. Solution: Antea Group quickly mobilized due diligence experts from office ...


    By Antea Group - USA

  • 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

  • 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, ...

  • The Colorado Intergovernmental Risk Sharing Agency - Case Study

    The Colorado Intergovernmental Risk Sharing Agency was formed in 1982 in response to an insurance crisis faced by many municipalities—one that left them without adequate, affordable insurance coverage. By pooling resources, the original 18 municipalities gained quality property and liability coverage at reasonable costs, as well as levels of service that far exceeded any they’d ...


    By FirstNet Learning, Inc.

  • Insurance Matures for Redevelopment

    After going through an often-painful learning curve in the late 1970s and 1980s, insurance underwriters have developed increasing expertise in writing policies to protect property owners, contractors and other parties in site-remediation projects against unforeseen cost exposures. Two principal insurance vehicles - remediation cost-cap and pollution legal liability (PLL) - are used on many ...

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