pollution coverage News

P&I Clubs Plug Shortfall in Iran Oil Cover; US Reinsurers Still Barred by Sanctions

Ship insurers have stepped in to help plug a shortfall in cover for transporting Iranian oil resulting from the fact that U.S. reinsurers are still restrained by Washington’s sanctions, according to officials involved in the initiative. International oil and shipping …

Great American Expands Capacity for Pollution Products

Great American Insurance Group has expanded its complete pollution product line policy aggregate limits of liability to $50 million per loss/$100 million. This expanded capacity can be offered on both a primary layer or on an excess of loss basis. …

ACE Enhances Pollution Liability Portfolio Coverages

ACE Group has enhanced its premises pollution liability (PPL) and premises pollution liability portfolio (PPL Port) insurance policies to provide additional coverages for environmental day-to-day operational exposures faced by both domestic and multinational businesses. Additionally, the enhanced PPL and PPL …

Berkshire Hathaway Specialty Insurance Enters Environmental Segment

Berkshire Hathaway Specialty Insurance (BHSI) is expanding its U.S. casualty underwriting capabilities to include pollution exposures and has named Chuck Hasselback to head its environmental group. According to Meredith Bullock, vice president, Casualty, the latest expansion reflects BHSI’s strategy to …

Park Service Backs Off Recreation Insurance Hikes in Colorado

The National Park Service is reconsidering increased insurance requirements for whitewater boating outfitters in Dinosaur National Monument after companies said a big jump in the liability insurance could sharply drive up their costs and possibly even make it impossible for …