environmental Strategist, between the lines: Fact: when businesses analyze their environmental exposures they generally focus on their exposure to clean up costs should a spill / release / exacerbation… of pollutants take place. In reality, the cost to clean up a spill / release / exacerbation… of pollutants is far less than the claims / costs that come in from third parties for bodily injury, property damage and what I call the big black hole, business interruption. You have to also factor in costs for defense, environmental investigations, claims management, public relations, natural resource damages…. Environmental insurance can cover the above environmental costs and more.
So the real question a business has to answer when analyzing their environmental exposures is “does it make financial sense based upon our business model to transfer our environmental liabilities to a third party for fractions of a cent on the dollar or wait until an environmental liability occurs and pay 100 cents on the dollar out of our own pocket for clean up, third party bodily injury, property damage, business interruption, defense, environmental investigations, claims management, public relations, natural resource damages…”.
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10/31/2014 – Milwaukee Journal Sentinel (WI)
For Tom Willetts and his neighbors in the Town of Jackson, what he calls the next chapter in “the continuing saga” of a 2012 gasoline pipeline spill came Friday with the Halloween-style trick of no drinking water followed by a brownish flow.
When he started his day early Friday, there was no water pressure, and no water in the line, Willetts said. Low pressure was restored a short time later but he wouldn’t drink or use what was coming out of his pipes, he said.
“It looked pretty nasty,” Willetts said in describing the thick, brown water that flowed into his home Friday morning.
Earlier this year, town residents living near the spill were offered connections to Village of Jackson water service as a substitute for contaminated wells or other private wells in a contamination advisory area.
On July 17, 2012, a section of gasoline pipeline ruptured and spilled an estimated 54,600 gallons of gasoline in a farm pasture.
West Shore Pipe Line Co. of Illinois, owner of the regional fuel distribution pipeline, is paying all costs of extending village water service to a large portion of the town. West Shore also is paying costs of building lateral lines needed to connect municipal mains to residences.
The state Department of Natural Resources ordered 37 contaminated water wells to be abandoned.
As of Tuesday, a total of 102 town residences had been connected to the municipal water system, Heidtke said. Eight miles of water main have been installed to serve an area of the town on the west.