Latest Pollution Headlines
All the headlines from our Pollution Topic Page, ordered by recency.
A.M. Best: A&E Losses Increase in 2001, Reversing Two-Year Decline
Nov 4 2002 // The property/casualty industry is expected to ultimately incur more than $121 billion in net asbestos and environmental losses, according to the special report, “Largest Increase in A&E Losses to Date Seen in...
ACE Casualty Risk Part of Environmental Risk Market, Forms New Unit
Oct 7 2002 // ACE Casualty Risk is entering the environmental risk market resulting in the creation of a new unit, ACE Environmental Risk. The new environmental and casualty underwriting unit will offer environmental liability products...
Environmental Risk Resources Ass’n. to Hold Conferences on Mold and Environment
Oct 1 2002 // The Environmental Risk Resources Association (ERRA) will hold an Educational Event on October 9 to examine the risks connected with mold coverage and a second seminar on environmental risks on October 10. Both events are...
Environmental-Res. Fuel Oil Tank
Sep 14 2002 // Nuts & Bolts: Zurich North America’s Environmental Group has launched its Home Environmental Protection program, which protects homeowners with residential fuel oil tanks. The coverage complements traditional...
Fixed-Cost Environmental
Aug 19 2002 // Nuts & Bolts: XL Environmental Inc. is offering its fixed-cost environmental remediation policy on a surplus basis. Dollars: Limits are typically twice the projected cost of cleanup. For XL’s environmental...
Argonaut Great Central President To Head Environmental Response Trust Fund
Aug 6 2002 // Illinois Governor Jim Ryan appointed John Polak, president /CEO of Argonaut Great Central Insurance Company as chairman of the Illinois Dry-Cleaner Environmental Response Trust Fund for a term of three years. The fund was...
Programs, Beacons of Stability in Tumultuous Markets
Aug 5 2002 // Now that the hard market has firmly set, it’s no secret that more and more standard property and casualty insurance carriers are seeking to stem losses by restricting coverage and revamping underwriting habits. As in...
Programs, Beacons of Stability in Tumultuous Markets
Aug 5 2002 // Now that the hard market has firmly set, it’s no secret that more and more standard property and casualty insurance carriers are seeking to stem losses by restricting coverage and revamping underwriting habits. As in...
XL Environmental Program Aids in Center’s Changeover to Park
Jul 30 2002 // XL Environmental has customized an environmental insurance program to help transform a former Pennsylvania military base into a township recreational park. The program specifically addresses risk management needs and...
Fixed-Cost Environ-mental Remediation
Jul 22 2002 // Nuts & Bolts: XL Environmental Inc. is offering its fixed-cost environmental remediation policy on a surplus basis Dollars: Limits are typically twice the projected cost of cleanup. For XL’s environmental...
IIABA Cites Problems with Conyers Mold Bill
Jul 12 2002 // A recently introduced bill that proposes to mitigate the effects of mold in homes and commercial buildings puts the proverbial cart before the horse, according to Independent Insurance Agents & Brokers of America...
After the Mold Rush: Montemayor Looks at Future of Texas Markets
Jul 8 2002 // Considering Texas has one of the most difficult insurance markets in the country right now, Insurance Commissioner Jose Montemayor comes across not at all as one might expect—an embattled public official scrambling to...
Rich Banas to Succeed William Kronenberg III at XL Environmental
Jun 25 2002 // XL Capital Ltd announced that Rich Banas will become the new CEO of XL Environmental and XL Programs, succeeding William Kronenberg III, who is taking early retirement from the Company to pursue personal interests. Banas...
The St. Paul Agrees to Pay $988 Million in Asbestos Settlement
Jun 24 2002 // The St. Paul Companies have agreed to pay nearly $1 billion to settle outstanding claims and lawsuits related to asbestos. The news comes on the heels of PPG Industries’ agreement to a $2.7 billion settlement of...
Insurers Look to Wipe Clean Toxic Mold Claims
Jun 24 2002 // For U.S. insurers, reinsurers, and property professionals still reeling from the $32 million a Texas jury awarded Melinda Ballard in her toxic mold lawsuit against Farmers Insurance last year and the $18.5 million a...
A Preliminary Take on Mold Coverage
Jun 24 2002 // Mold. Stachybotrys. The stuff of broken refrigerators and the aftermath of floods is now the scourge of insurance companies. In the humid South, the epidemic of claims has led to actions by carriers and regulators similar...
Patton Chosen to Serve on Superfund Committee of NAC
Jun 19 2002 // Virginia-based Lindene Patton, a vice president with Zurich North America’s Specialties business unit, has been chosen to be a member of the newly formed Superfund Subcommittee to the National Advisory Council on...
Insurers Look to Wipe Clean Toxic Mold Claims
Jun 10 2002 // For U.S. insurers, reinsurers, and property professionals still reeling from the $32 million a Texas jury awarded Melinda Ballard in her toxic mold lawsuit against Farmers Insurance last year and the $18.5 million a...
$2.7 Billion PPG Asbestos Settlement Puts New Pressure on Insurers
Jun 10 2002 // A year ago insurance consultants Tillinghast-Towers Perrin published a report that global claims settlements and jury verdicts in asbestos related cases could reach $200 billion from over a million claims “before...
Environmental Risk Resources Assoc. Hosts
May 30 2002 // The Environmental Risk Resources Association, a company devoted to expanding the use of environmental insurance as a risk management tool through education, technology, resources and networking, will present “Mold...
