site environmental risk Articles
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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 ...
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I need a Phase I Environmental site assessment (Phase I ESA) Who do I call?
A Phase I Environmental Site Assessment (Phase I ESA) A Phase I Environmental Site Assessment (Phase I ESA) is used to determine the liability to property buyers or financial institutions during mergers and acquisitions, refinancing of commercial real estate, and other situations in order to identify the environmental risks of a site and satisfy the “due diligence” efforts to ...
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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 'environmental insurance ...
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