Latest Pollution Headlines
All the headlines from our Pollution Topic Page, ordered by recency.
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...
UST Article Correction
May 21 2002 // In the article “Underground Storage Tanks: Words Leaks Out on Cover Enforcement” appearing on the April 25 National section of the IJ Web site, it was implied that AIG and Zurch Environmental are the only major...
Environmental E&O w/Mold
May 13 2002 // Nuts & Bolts: Alliance National Insurance Agency Inc. has available a program for environmental E&O w/mold. Available by appointment. Endorsements— additional insured, waiver, hired/non-owned auto. Dollars:...
Zurich Offers Home Environmental Protection Insurance for Homeowners with a Residential Fuel Oil Tan
Apr 25 2002 // Zurich North America’s Environmental Group has come up with an innovative program to provide today New York, New Jersey and Pennsylvania residents with coverage for their residential fuel oil tanks. The Home...
Underground Storage Tanks: Word Leaks Out on Cover Enforcement
Apr 15 2002 // Owners and operators of underground petroleum storage tanks are a diverse lot—from global juggernauts such as ExxonMobil, Texaco, and Shell Oil to mom-and-pop gas stations. But all underground storage tank (UST)...
La. Approves Exclusions
Feb 11 2002 // Louisiana acting Commissioner of Insurance J. Robert Wooley announced the approval of terrorism, mold and pollution exclusions for certain lines of insurance. Wooley said approval of specific coverage exclusions is...
It Couldn’t Be Done: A Policyholder’s Idea To Reinvigorate Third Party Bad Faith
Jan 28 2002 // The Setting Throughout the 1980’s and early 1990’s, the risk of bad faith liability was a major factor in evaluating third party claims for coverage. Ever increasing jury verdicts led to many inflated...
Seminar Offers Opportunities Available to Explore Environmental Issues
Jan 22 2002 // Insurance Skills Center has developed a pair of workshops that address the insurance implications of toxic mold claims and Montrose issues to be offered in several California locations. The four-hour “Mold &...
