environmental liability insurance News

Dutch Court Orders Shell Nigeria to Pay Damages from Oil Pipeline Leaks

A Dutch court has ordered Royal Dutch Shell Plc’s Nigerian unit to compensate for oil spills in two villages over 13 years ago. Shell Nigeria is liable for damages from pipeline leaks in the villages of Oruma and Goi, the …

Ironshore Environmental Adds Storage Tank Pollution Liability Coverage to Online Portal

Ironshore Environmental has made its stand-alone Storage Tank Policy accessible to brokers through an online quote & bind portal. The coverage addresses first- and third-party liability in response to releases from underground and aboveground storage tanks with available limits from …

Sompo International Taps Pillion to Lead New U.S. Environmental Insurance Unit

Sompo International Holdings Ltd., a Bermuda-based specialty provider of property and casualty insurance and reinsurance, has established a new business unit to extend environmental liability insurance capabilities to a wider range of industries in the U.S. market. Sompo International will …

Pen Underwriting Builds on QBE Partnership with Irish P/C Capacity Deal

Pen Underwriting has extended its strategic relationship with QBE into the Republic of Ireland, with a new property & casualty capacity partnership in the highly specialist area of hazardous goods & environmental industries. The new partnership takes effect on Jan. …

Beazley, VALE Partner on Environmental Coverage for Small, Mid-Sized Firms

Beazley has partnered with managing general agency VALE Insurance Partners to offer its environmental cover to US-domiciled firms with revenues of up to $15 million. VALE will offer the full suite of Beazley environmental products including contractors’ pollution liability, environmental …

Everest Insurance Expands Environmental Coverage

Everest Insurance has expanded its environmental offering with its new ESP policy form, a mono-line site pollution policy form that includes coverage available for both new and pre-existing pollution conditions for bodily injury, property damage, and cleanup costs. Enhancements available …

Demand for Environmental Impairment Liability Cover Rises in Europe: Marsh

There has been a marked increase in the number of companies purchasing environmental impairment liability (EIL) cover across Europe in recent years, mainly due to an increase in regulation and buyer awareness, according to a report published by Marsh. From …

Beazley Doubles Environmental Risk Capacity to $50M with Lloyd’s Consortium

Beazley, the London-based provider of specialist environmental liability insurance, has doubled its capacity for operational and fixed site environmental risks to $50 million. Covering the environmental liabilities of large multi-national companies, the increased limits are backed by the Beazley Elements …