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 will focus on regional trends to develop new opportunities and expand LIU’s producer base in the Southwest market.
Padula, along with the rest of LIU’s Environmental group, will work with agents and brokers to evaluate a company’s potential liabilities.
“Environmental incidents often come with unexpected risks and many companies do not realize until it is too late that they have environmental exposure,” said Padula. “Many pollution events are not covered by a commercial general liability policy, and there may be unforeseen gaps in insurance coverage that leave a company paying out-of-pocket for an environmental claim.”
LIU’s entire suite of environmental liability products – fixed site pollution legal liability, contractors pollution liability, storage tank third-party liability, contractors and professional services, and corrective action and cleanup – will be supported by this expanded presence as well as by LIU’s existing EIL operations in New York, Boston, San Francisco, and Denver.
Topics Underwriting Pollution
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