environmental liability News

Anadarko, Kerr-McGee Liable for Pollution Costs of Spun-Off Paint Unit Tronox

Anadarko Petroleum Corp. and its Kerr-McGee unit acted with “intent to hinder” when they spun off Tronox, the paint materials company that later went bankrupt, and should pay billions of dollars in environmental cleanup costs, a judge ruled on Thursday. …

LIU, PGI Commercial Partner to Offer Environmental Coverage

Liberty International Underwriters (LIU) has partnered with program administrator PGI Commercial to offer LIU Environmental coverages under a new program administrator agreement. PGI Commercial’s clients now have access to: Expanded capacity LIU Environmental’s suite of products LIU’s experience in identifying …

New Hampshire’s Attorney General Sues Shell Oil for $2.4M Cleanup Costs

New Hampshire’s attorney general is suing Shell Oil Co. seeking reimbursement of $2.4 million in cleanup costs, saying the company did not disclose that it had insurance coverage for those costs. Attorney General Joseph Foster says Shell owned or operated …

Flood Official: Oil Companies ‘Trashed the Hotel Room’

A Louisiana flood control official is likening the oil and gas industry in coastal Louisiana to rock stars who bring a lot of money to the area but, in his words, “trashed the hotel room.” Stephen Estopinal was speaking in …

Zurich’s Environmental Site Business Enhances Z Choice Policy

Zurich has revised its Z Choice fixed facility environmental liability suite of products to include built in coverage features such as emergency expenses and crisis management. The new form provides for increased usability and customization to meet insureds’ needs and …

Liberty International Underwriters Expands Environmental Presence In Southwest

Liberty International Underwriters (LIU), part of the Global Specialty division of Liberty Mutual Insurance, has expanded its environmental impairment liability (EIL) operation with a regional presence, to be headed by underwriting manager Mike Padula, located in LIU’s Houston office. Padula …

Great American Enhances Premises Environmental Liability Product

Great American Insurance Group’s Environmental Division has launched an enhanced premises environmental liability insurance policy. The policy speaks to many newer exposures now faced by site owners, operators, property managers and tenants, including: Contingent business interruption Emergency response costs Green …

New Hampshire Jury Finds Exxon Mobil Liable for $236.4M in U.S. Pollution Suit

A New Hampshire jury on Tuesday found Exxon Mobil Corp liable for $236.4 million in a civil lawsuit that charged the oil company had polluted groundwater in the state with a gasoline additive used to reduce smog in the 1970s …

ACE Launches Borderless International Pollution Liability Coverage

ACE USA, the U.S.-based retail operations of the ACE Group, has introduced a foreign casualty pollution liability coverage endorsement. This new endorsement provides a limited pollution coverage extension in conjunction with ACE ATLAS CMP, ACE’s U.S. Controlled Master Program (CMP) …

Beazley Launches Environmental Cleanup Costs Insurance

Beazley plc has expanded its environmental products offering with the launch of an environmental cleanup costs insurance policy that provides coverage for cost overruns for remediation of known conditions at covered locations. The product, written on a non-admitted basis through …