Latest Pollution Headlines
All the headlines from our Pollution Topic Page, ordered by recency.
Distressed and Vacant Properties Fill a Void for Insurers
Jul 22 2010 // The vacant and distressed property segment, which was barely thought of two years ago, has been a beacon of light for insurers. This class has boomed over the last couple years as the economy has forced the closure of many...
Axis Forms Design Professionals, Environmental Liability Unit
Jul 20 2010 // AXIS Capital Holdings Limited’s AXIS Insurance segment has formed a design professionals & environmental liability unit that will specialize in providing coverage for architects, engineers, contractors,...
S&P: CNA’s Ratings ‘Unaffected’ by Asbestos Deal with National Indemnity
Jul 16 2010 // Standard & Poor’s Ratings Services said that the ratings on CNA Financial Corp. (BBB-/Stable/–) and its core insurance operating companies (A-/Stable/–) are “unaffected by the company’s...
CNA Pays Berkshire $2 Billion to Assume Asbestos, Pollution Claims
Jul 15 2010 // Warren Buffett’s Berkshire Hathaway Inc. will take over asbestos and environmental pollution risks now held by CNA Financial Corp. in exchange for a $2 billion fee. CNA, which is the nation’s seventh-largest...
Torus Launches Environmental Platform
Jul 12 2010 // Following the establishment of Management Liability, Healthcare and Renewable Energy practices earlier this year, Torus appointed sector specialist Adrianne Vigueras as vice president to develop tailored environmental...
Residential Contractor Umbrellas: Tough Sell in Tough Times
Jul 8 2010 // Residential construction is and has been an extremely important class of business for surplus lines insurers and agents. In recent years, however, demand for residential work in this country has dropped dramatically....
Ironshore Launches Combined Coverage for Vacant Buildings
Jul 8 2010 // Ironshore has introduced an insurance program to protect against adverse risk exposures for U.S. commercial properties that are vacant or partially occupied. Ironshore Property’s newest program, Ironshore Vacancy...
Florida Court Says Fishermen Can Sue Polluter; Is BP Next?
Jul 5 2010 // With BP’s offshore oil gusher in the Gulf of Mexico as a backdrop, the Florida Supreme Court recently ruled that commercial fishermen may sue a company that discharged pollutants into Tampa Bay for lost income and...
Special Reuters Report: Oil Spill a Gusher for Lawyers; Litigation May Take Years
Jun 30 2010 // BP payout should far exceed what Exxon spent on Valdez The company’s $20 billion fund may not be enough Accountability may take years if not decades to assess Many federal laws allow civil, criminal liability From a...
More Oil Spills to Come, Says Professor
Jun 30 2010 // The Deepwater Horizon oil spill in the Gulf of Mexico is not simply a random accident. There will be more of these spills to come, as the days of easy oil are over, says an anthropologist at Washington University in St....
Ironshore Environmental to Provide Global Coverage Through London Syndicate
Jun 29 2010 // Ironshore International Ltd. has announced that the Ironshore Environmental Insurance division will provide coverages on a global basis through its Pembroke platform in London. Pembroke Syndicate 4000 operates within...
Florida Court Says Fishermen Can Sue Polluter; Is BP Next?
Jun 23 2010 // With BP’s offshore oil gusher in the Gulf of Mexico as a backdrop, the Florida Supreme Court has ruled that commercial fishermen can sue a company that discharged pollutants into Tampa Bay for lost income and profits...
Wisconsin Court: Insurers Must Help With Fox River Paper Mill Cleanup
Jun 21 2010 // Two companies that once insured Appleton Papers Inc. are liable for $10 million toward the cleanup of the Fox River after a court decision on June 8, the firm’s lawyer said. Attorney Ron Ragatz says the ruling by the...
Double Trouble: Oil and Hurricanes in the Gulf Coast
Jun 21 2010 // AIR Worldwide Reviews Implications of the Gulf Oil Spill for Hurricane Season The current oil spill in the Gulf of Mexico followed soon after a large explosion on the Deepwater Horizon oil drilling platform, 50 miles off...
Double Trouble: Oil and Hurricanes in the Gulf Coast
Jun 21 2010 // AIR Worldwide Reviews Implications of the Gulf Oil Spill for Hurricane Season The current oil spill in the Gulf of Mexico followed soon after a large explosion on the Deepwater Horizon oil drilling platform, 50 miles off...
Umbrellas for Residential Contractors in Uncertain Times
Jun 21 2010 // Why Commercial Umbrella Coverage Could Save the Day Residential construction is and has been an extremely important class of business for surplus lines insurers and agents. In recent years, however, demand for residential...
How New Independent BP Claims Process Should Work
Jun 17 2010 // The White House offered an explanation Wednesday of how its new independent claims process would work for those harmed by the BP oil spill, including details of a $20 billion escrow account funded by the British oil...
Marsh Study Examines Benefits and Risks of ‘Sustainability’
Jun 16 2010 // A new report from Marsh notes that “as demand grows from consumers, investors and governments for businesses to become more sustainable, companies are beginning to change their strategy and planning.” The white...
Obama Seeks BP Escrow Account to Cover Oil Claims
Jun 14 2010 // President Barack Obama will press BP executives this week to set up an escrow account to pay damage claims by individuals and businesses hurt by the Gulf of Mexico oil spill disaster. The move comes as Obama, who will...
Big “I” Markets Introduces Pollution/Environmental Product
Jun 10 2010 // The Independent Insurance Agents & Brokers of America Big “I” Markets program has formed a partnership with the American Risk Management Resources Network (ARMR), LLC to provide Big “I” members...
