Episode 2 explores Environmental Financial Assurance (EFA)—what it is, why it exists, and why it matters more than ever in today’s economic and regulatory environment. Chris and Brooks trace the origins of EFA back to Superfund and federal regulation, explain how contracts and indemnification provisions often leave companies unknowingly self insuring, and break down why insurance is frequently the most practical solution for meeting EFA requirements.
Category: Featured
Introducing the Environmental Strategist Podcast!
Our podcast series features ERMI’s Chris Bunbury and Brooks Bunbury breaking down why environmental exposures affect every business—even those that don’t think of themselves as “polluters.”
Who Are Your Neighbors?
When Neighbors Contaminate Your Property A Certified environmental Strategist (CeS) https://www.scic.com/certified-environmental-strategist/ coaches businesses to manage and transfer their environmental exposures. The process begins with developing and executing their environmental Management Strategy (eMS). In today’s business environment, an eMS gives businesses a competitive advantage and the foundation for their ESG (Environmental, Social and Governance) initiatives. An environmental…
Pollution Liability Coverage for Cyberattacks
Competitive environmental Intelligence (CeI) for insurance professionals that sell or consult on cyber insurance. Background: Businesses that utilize computers can be vulnerable to a cyberattack. In one situation a wastewater treatment plant was the target in which a hacker caused 300,000 gallons of raw sewage to spill into a river and flood the grounds of…
PFAS Competitive Environmental Intelligence
PFAS chemicals have climbed up the contamination hit list with a bullet. PFAS is going to make asbestos and lead look like elementary environmental issues so to keep you up to speed on what is going on with PFAS please see the following. PFAS In Our Food: The links below review how PFAS chemicals besides…
New EPA Directive on PFAS Chemicals
If you breath air, drink water, consume food, you are impacted by and contribute to our PFAS / PFOA… contamination. As I have said in the past, PFAS liabilities are going to make asbestos and lead look like elementary environmental issues. PFAS contamination is not an IF situation. It’s emerging and ongoing (Forever Chemicals) and…
Dozens Treated After Chemical Leak At Texas Water Park
environmental Strategist, between the lines: As the links below point out a chemical leak at a Houston water park left dozens suffering. “The chemicals involved included hypochlorite solution and 35% sulfuric acid”. These are very common chemicals used in swimming pools, whirlpool spas, laps pools and of course water parks. Who are your client’s that…
PFAS Forever Chemicals Update
environmental Strategist, between the lines: In the past eS has sent out Competitive environmental Intelligence (CeI) on PFAS / PFOA… chemicals and how they are so ingrained in the fabric of our society. PFAS / PFOA… are going to make asbestos and lead look like elementary environmental issues. Their negative impact on our environment and…
The Benefits of Environmental Reputational Risk & Emergency Response Coverage’s
When discussing pollution insurance to business owners, most often, the first thing that comes to their mind is first party clean up coverage for a spill. While that is a coverage benefit, there are many benefits offered in a pollution policy besides just clean up. As you read, keep in mind, environmental liabilities tend to…
Johnson Controls to Pay $17.5m for PFAS Contamination
environmental Strategist, between the lines: After more than three decades concentrating in environmental risk management / insurance, I am still amazed how many businesses do not understand the vast array of environmental exposures impacting their business model. An emerging pollutant businesses need to be familiar with are PFAS chemicals. There are over 4,000 PFAS chemicals…