2017 Set Record for Losses from Natural Disasters: Insurers are set to pay out a record $135 billion to cover losses from natural disasters. As ERMI has coached in the past, Natural Disaster Seasons (NDS, i.e. Flooding, Tornados, Forest Fires, Hurricanes, earthquakes…) are a great time to talk pollution. Did you know most pollution policies…
Category: Risk Management
Families Sue Schools, State, Monsanto Over Chemical Pollution
environmental Strategist, between the lines: Educational institutions are one of the most at-risk businesses for environmental liabilities. We know for a fact that our youth are some of the most susceptible to environmental exposures, as they’re still developing. I could strategize at length on the advantages for educational institutions to transfer their environmental liabilities to…
Drum Refurbishing: Who Are Your Neighbors?
environmental Strategist, between the lines: A huge environmental exposure most businesses do not think about comes from their neighbors. When an environmental engineer conducts a Phase I site assessment they do a minimum of a 2-mile radius search of the subject property to see if any neighbors have been identified as contaminators that can impact…
Trouble in the Magic Kingdom
eS, between the lines: In the past couple of years I have observed a significant increase in the number of Legionnaires’ outbreaks making the news. When I make a statement like that it means you need to be strategizing with your insureds about their exposure to Legionnaires’ Disease. ERMI has sent out several articles on…
Sorry Charlie!
Sorry Charlie! environmental Strategist®, between the lines: eS can’t understate the reputational risk associated with environmental liabilities. The article below on StarKist Tuna being fined and penalized for a variety of environmental violations is a reputational risk. Unfortunately, since it happened on the American Samoa and not the mainland, it won’t get the same news…
Environmental Risk Managers “Business Professionals” Series #2, TEAMing with Attorney’s To Drive Insurance Sales
Of all the “business professionals” (i.e. attorney’s, accountant’s, banker’s, realtor’s, environmental engineers) we are highlighting in the ERMI TEAMing with “Business Professionals” series, attorneys represent the lowest hanging fruit for insurance professionals to TEAM with. There are several reasons for this which we will cover in this competitive environmental intelligence but mainly, attorneys tend to…
TEAMing With “Business Professionals” To Generate Insurance Sales
To assist you to grow your insurance sales, environmental Strategist® has developed this competitive environmental intelligence series on executing a TEAM SPORT strategy. After more than 25 years of operating a specialty environmental insurance wholesale operation, I have observed one common denominator successful insurance professionals share, they are continually looking for new opportunities. Since every…
Miss-Delivery of Product
environmental Strategist, between the lines: Miss-delivery of product is a huge environmental exposure most businesses do not consider. The article below highlights how in one of the most regulated industries, Nuclear, miss-delivery of products takes place. How easy is it for less regulated raw materials and products? How would you like to find out a…
Illicit Abandonment
environmental Strategist®, between the lines: Illicit Abandonment is an environmental exposure, which most commercial real estate lessors don’t think about. Let me digress, back in 2008 when the economy tanked, we received a call from an insurance agent who explained his client had a leased facility and the tenants went out of business. When the…
Legionnaires
environmental Strategist, between the lines: As we have reported in the past, Legionnaires Disease is a bacteria that can create an environmental liability for those using central air conditioning systems, fountains, room-air humidifiers, ice-making machines, whirlpool spas, water heating systems, showers, misting systems typically found in grocery-store produce sections, cooling towers used in industrial cooling systems, evaporative coolers,…