Environmental

Look Out Below: Underground storage tanks present opportunities for brokers and agents

Look Out Below: Underground storage tanks present opportunities for brokers and agents

Not all time bombs tick. In the case of underground storage tanks, they corrode. As a result of corrosion, improper installation and piping failures, tanks storing fuels and other hazardous substances can leak dangerous chemicals, resulting in contaminated soil and polluted groundwater. With many tanks being installed prior to stricter EPA regulations, the market is ripe with…

Contractor Pollution Liability

Insurance Market Source regularly taps into its network of experts for insight into key trends and developments across the insurance landscape. Gina Jones, Associate Vice President and Director, Environmental Center of Excellence, Burns & Wilcox, breaks down the ins and outs of Contractor Pollution Liability insurance.   Q: What do Contractor Pollution Liability policies cover? A:…

3 Best Practices When Working with Cross-Border Clients

Managing Cross-Border Pollution Risk Several high-profile incidents over the last few years have kept the spotlight on how businesses are (or aren’t) managing their environmental risks. With continued public pressure on politicians and regulators to hold industry professionals accountable for their actions, the growth of environmental insurance is expected to continue and the number of…

Environmental Coverage
Car stuck in a flood
Absolute and Strict Liability

The Buck Stops Where? The Risks of Absolute and Strict Liability

In December 2008, a Kawartha couple did what many Canadians do when winter approaches—they hired a company to refill the fuel oil tanks at their home in Kawartha Lakes, Ontario. After the tanks were refilled by a local fuel company, the couple eventually noticed that the oil was leaking from their basement and called their…

A Tale of Two Markets, professional liability

A Tale of Two Markets

Burning questions about the professional liability and environmental segments, answered by four industry insiders. Q. How do you best serve professional insureds and agents during the claims process? Emmanuel E. Manuelidis, Esq., claims and litigation director, Atain Insurance Companies, responds: We offer excellent client service combined with a streamlined and personalized claims service. We work…

Clear and present danger

Environmental Coverage: Clear and Present Danger

Agents with a keen eye for exposures will find plenty of opportunity – and capacity – in the environment Less than 10 percent of environmental losses that businesses incur are insured. Yet by most accounts, the environmental marketplace is flush with capacity. So why the coverage gap? The simple explanation is that most businesses prefer…

Environmental Risk, Coverage, and Pollution Insurance

Q. What should brokers and agents know about environmental risk? Gina Jones, director of environmental programs, Burns & Wilcox responds: Nearly every client has an environmental risk and most insureds are unaware their environmental exposures may have no coverage. For example, a drilling contractor does not seem to present an environmental risk until it hits…

Filling the Pipeline