underground storage tank News

U.S. Issues New Safety Rules for Underground Gas Storage Facilities

The U.S. Pipeline and Hazardous Materials Safety Administration (PHMSA) issued an interim final rule (IFR) revising pipeline safety regulations to address safety issues related to underground natural gas storage facilities. The IFR followed recommendations by a U.S. interagency task force …

Philadelphia, UCPM to Offer Storage Tank Pollution Coverage

Philadelphia Insurance Companies has partnered with UCPM, Inc., an environmental insurance provider, to offer storage tank pollution liability coverage. The new Storage Tank Environmental Policy (STEP) protects policyholders from claims for bodily injury, property damage, and remediation expenses associated with …

Iowa-Based Petroleum Marketers Management Insurance Upgraded

A.M. Best Co. has upgraded the financial strength rating to A- (Excellent) from B++ (Good) and issuer credit rating to “a-” from “bbb+” of Petroleum Marketers Management Insurance Company (PMMIC) of Des Moines, Iowa. The outlook for both ratings has …