Most of the commercial insurance products out there with “green” in their name appear to be coming out of the property side of the business. By Matthew Brodsky Fireman’s Fund Insurance Co. was the first carrier to offer a standard property product with its Certified Green Building Replacement and Green Upgrade coverages, released in October…
Category: Risk Management
Adam Smith Meet Mother Earth
From: , Worldwatch Institute, January 10, 2008 10:13 AM Washington, D.C.— Pioneering entrepreneurs, nongovernmental organizations, and governments around the globe are inventing the Earth’s first sustainable global economy, according to State of the World 2008: Innovations for a Sustainable Economy. In response to climate change and other environmental problems, these leaders are field-testing a remarkable…
Potential environmental liability exposures for general contractors performing above ground and underground construction Services
Potential environmental liability exposures: completed operations exposures including incomplete line hookup or improper system construction causing spills or emissions; fumes, emission and spills of chemicals applied during construction (finishers, sealants), lubricant oils and other fluids from field equipment; release of oils/fuels as a result of vandalism, site preparation/excavation work through preexisting contaminated soil, air emissions…
ENVIRONMENTAL EXPOSURES FACED BY WASTEWATER TREATMENT PLANTS
Common environmental exposures faced by wastewater treatment plants include: Discharges of contaminated effluent, (resulting from a treatment process breakdown, untreatable contaminants, excess volume from combined sewer overflows….); contaminated effluent which causes soil, surface water and/or groundwater contamination (the effects of improperly treated effluent entering a surface water body might include, natural resource damages, fish kills,…
ENVIRONMENTAL EXPSOURES FOR AUTO DEALER AND REPAIR FACILITIES
Common environmental exposures encountered at car dealerships, gasoline/service stations, and garages include: Leaking underground fuel and waste oil storage tanks; Untested underground fuel & waste oil/solvent tanks and pipes; Underground tanks which were removed/abandoned; Lack of information on existing and former underground tanks (e.g. age, contents, size, construction, cathodic protection, etc.); Poor housekeeping resulting in…
SECURED CREDITOR COVERAGE FOR FINANCIAL INSTITUTIONS AND ITS ROLE IN A TRANSPARENT BUSINESS ENVIRONMENT
To make sure we start out on the same page, I would like to point out that virtually every business operating today faces either a direct or indirect environmental exposure. Businesses with direct environmental exposures are quite obvious, i.e. chemical manufacturers, environmental remediation contractors, hazardous material transporters, etc…. Businesses with indirect environmental exposures are not…