environmental liability News

Top 3 Causes of Global Liability Claims = 60% of Value: Allianz Report

Defective product/work quality issues, crashes and human error are listed as the top causes of liability loss for businesses, according to a report published by Allianz Global Corporate Specialty (AGCS). Collectively, these top three causes of loss for businesses account …

Judge Rejects Bid to Dismiss Alabama Water Contamination Lawsuit

A federal judge in Alabama is refusing to dismiss an environmental group’s lawsuit over alleged chemical contamination in the Tennessee River. The Decatur Daily reports U.S. District Judge Abdul Kallon won’t throw out claims in a lawsuit filed by the …

14K Gallons of Sewage Spills Into Space Coast Water System

Authorities along the Space Coast say a broken sewer pipe accidentally released 14,000 gallons of raw sewage into a storm water system that flows into the Indian River Lagoon. Florida Today reported Friday that the sewer line broke on Jan. …

Endurance Global Risk Solutions Launches Environmental Liability Products

Endurance Specialty Holdings Ltd. has launched a new series of environmental liability insurance products, offering both primary and excess coverage for single sites or property portfolios. Endurance’s new products include a site environmental impairment liability product, which provides eight different …

ERMI Launches Pollution Protection Product for M&A Transactions

Environmental Risk Managers, Inc. (ERMI) has announced a new product to address exposures related to business & property transactions. The Mergers, Acquisitions, and Pollution Protection (MAPP) product combines representations & warranties (R&W) insurance with pollution liability insurance. R&W insurance is …

U.S. Top Court Rejects Exxon’s Appeal of $236M Verdict in N.H. Pollution Case

The U.S. Supreme Court on Monday rejected Exxon Mobil Corp’s appeal of a $236 million judgment against the oil company in a case brought by the state of New Hampshire over groundwater contamination linked to a gasoline additive. The justices …

Chubb Expands Environmental Insurance Products, Services

Chubb has broadened the availability of its premises pollution liability and other environmental insurance coverages and risk management products through its newly expanded distribution network. Chubb’s Environmental products distribution network has grown from nine to 48 branch offices, as a …

EPA Finalizes $14M Plan to Clean Soil at Former Sherwin-Williams Plant Site

The U.S. Environmental Protection Agency (EPA) said Wednesday that it has finalized a $14 million plan to clean up contaminated soil from homes at the Sherwin-Williams/Hilliards Creek Superfund site in Gibbsboro and Voorhees, New Jersey. The EPA’s decision calls for …

Report Sees Major Food Shortage as Climate Change Danger

Climate change reports and studies abound lately – as you will note from a previous column – but one recent report gives potentially the starkest prediction yet of what impacts climate change could have. The report from Lloyd’s of London, “Food …

ACE Appoints O’Halloran as Environmental Risk Underwriter, U.K. & Ireland

ACE Group today announced the appointment of Glenn O’Halloran as environmental risk underwriter as it continues to invest in building its environmental liability insurance capabilities in the U.K. and Ireland. O’Halloran will be responsible for growing ACE’s environmental liability book, …