Latest Pollution Headlines
All the headlines from our Pollution Topic Page, ordered by recency.
Healthcare Environmental Liability
Oct 6 2003 // Nuts & Bolts: Helix Insurance has a market available for healthcare environmental liability. Dollars: $1 million per claim/$5 million Agg. Deductibles of $0 physician groups/$5,000 institutions. Minimum premium of...
The Resurrection of Environmental Coverages
Sep 22 2003 // As insurers are confronted with increased pressures from claims involving asbestos, mold, and directors and officers’ policies, little attention is paid to the decreasing number of traditional environmental...
Credit, Environmental Liability Tops Ore. Issues in 2003 Session
Aug 1 2003 // As the legislative session continues to roll forward in Oregon, Senate bills that would unfairly expand environmental insurance coverage and restrict insurers’ use of credit information are stirring controversy,...
A.M. Best Assigns Rating to Transmonde Services Co.
Jul 25 2003 // A.M. Best Co. has assigned an initial financial strength rating of A- (Excellent) to Transmonde Services Insurance Company Ltd., Bermuda. The outlook is stable. The rating reflects the company’s strong level of...
London Insurers Win Seattle Pollution Trial
Jul 8 2003 // Lloyd’s Underwriters and other London Market Insurers announced that a Seattle jury had found in their favor after a three week trial in their dispute with Puget Sound Energy, Inc. (“PSE”), a large gas...
Working with Blowouts, Knock-for-Knocks and Other Oil Patch Oddities
Jun 9 2003 // One of the big issues facing small- to mid-size oil and gas operators and contractors these days is the need to determine how much risk they are willing to carry themselves and how much they want to transfer to an insuring...
Working with Blowouts, Knock-for-Knocks and Other Oil Patch Oddities
Jun 9 2003 // One of the big issues facing small- to mid-size oil and gas operators and contractors these days is the need to determine how much risk they are willing to carry themselves and how much they want to transfer to an insuring...
NAII Says N.Y. Mold Study Bill
May 22 2003 // The National Association of Independent Insurers has issued a statement indicating that proposed legislation in New York that would require the Department of Health to conduct a comprehensive study on the health risks of...
EU Parliament Passes “Polluter Pays” Directive
May 15 2003 // The European Union Parliament in Strasbourg has passed what could be a far reaching directive, mandating that whoever causes environmental pollution will be responsible for the costs of cleaning it up. Part of the proposed...
PIA Reports Court Applies New Legal Theory to New York Insurers
May 12 2003 // In an unanimous ruling, the Appellate Division of the New York State Supreme Court recently applied an apportionment theory of liability that had previously only been used in pollution cases to a case involving lead paint,...
Arch Insurance Group Now Offering New Environmental Coverage
Apr 29 2003 // Arch Insurance Group, a division of Arch Capital Group Ltd., is now offering environmental liability insurance and risk management services specially designed for the environmental risks of consultants, contractors and...
ACE Casualty Risk Offers New Products for Environmental Risk Market
Apr 7 2003 // ACE Casualty Risk announced that it would provide broader product and service solutions for the environmental risk market through its environmental underwriting unit–ACE Environmental Risk (AER). The expanded...
S&P Affirms AIG’s ‘AAA’ Ratings
Mar 25 2003 // Standard & Poor’s Ratings Services announced that it has affirmed its ‘AAA’ ratings on American International Group Inc. and various AIG operating companies. S&P reaffirmed the increasingly rare...
ACIC Tells Calif. Legislators that Mold is Uninsurable
Feb 10 2003 // Insurance coverage for exposure to mold in the environment is impossible to provide because losses cannot be quantified or defined with the current medical, scientific, biological and environmental information available,...
Commercial Lines Auto: A Sleeping Giant Awakens
Feb 10 2003 // The commercial lines auto market used to be a steady line of business, stirred up occasionally by a Department of Transportation regulatory change or fallout from personal auto regulatory issues. Like other lines, it was...
Commercial Lines Auto: A Sleeping Giant Awakens
Feb 10 2003 // The commercial lines auto market used to be a steady line of business, stirred up occasionally by a Department of Transportation regulatory change or fallout from personal auto regulatory issues. Like other lines, it was...
AIA Applauds La. Clarification Regarding Absolute Pollution Exclusions
Feb 6 2003 // The Louisiana Department of Insurance’s recent clarification how insurers may use absolute pollution exclusions on commercial lines policies, is expected to ease industry concerns over the application of previously...
Zurich North America Environmental Makes Deal to Purchase Renewal Rights for Kemper’s ECB
Jan 15 2003 // Zurich North America Environmental has come to an agreement-in-principle to acquire renewal rights to the existing policies of the Kemper Insurance Companies environmental casualty book of business. “We are confident...
Hazardous Materials
Jan 13 2003 // Nuts & Bolts: Target Environmental Insurance offers a new program providing commercial auto, general liability and environmental impaired liability for transporters of hazardous materials. Dollars: Target...
Hilb, Rogal and Hamilton Announces Merger with Freberg Group
Dec 23 2002 // Hilb, Rogal and Hamilton Company, the world’s tenth largest insurance intermediary, announced that it has signed definitive merger agreements with the Freberg group of companies (Freberg), expected to be effective...
