environmental risks News

Penn. Didn’t Address Fracking Health Impacts, Former Health Secretary Says

Pennsylvania’s former health secretary says the state has failed to seriously study the potential health impacts of one of the nation’s biggest natural gas drilling booms. Dr. Eli Avila also says the state’s current strategy is a disservice to people …

New York’s Top Court Says Towns Can Ban Fracking

New York’s cities and towns can block hydraulic fracturing within their borders, the state’s highest court ruled, dealing a blow to an industry awaiting Governor Andrew Cuomo’s decision on whether to uphold a six-year-old statewide moratorium. The Court of Appeals …

Aspen US Insurance Opens Houston Office

Aspen US Insurance (Aspen) announced it has opened a new office in Houston to capitalize on the shale energy boom and evolving regional environmental exposures. As part of Aspen’s national expansion in the U.S., the new Houston office will serve …

Arctic Ship Route May be Safer with Anglo-Russian Radio Waves

The perils of the new Arctic shipping route, warmed by climate change, may diminish with a British-Russian radio navigation initiative, under development to shore up vulnerable satellite-based alternatives. The British system, being trialed in the hectic shipping lanes past Dover …

Hubbard Joins Towerstone to Lead New Environmental Practice

Wholesale insurance broker and managing general agency, Towerstone, announced that Jeffrey Hubbard has joined the company as director of its new environmental practice in Dallas. Hubbard brings more than 20 years of experience and expertise in the environmental risk insurance …

LIU, PGI Commercial Partner to Offer Environmental Coverage

Liberty International Underwriters (LIU) has partnered with program administrator PGI Commercial to offer LIU Environmental coverages under a new program administrator agreement. PGI Commercial’s clients now have access to: Expanded capacity LIU Environmental’s suite of products LIU’s experience in identifying …

Zurich’s Environmental Site Business Enhances Z Choice Policy

Zurich has revised its Z Choice fixed facility environmental liability suite of products to include built in coverage features such as emergency expenses and crisis management. The new form provides for increased usability and customization to meet insureds’ needs and …

Liberty International Underwriters Expands Environmental Presence In Southwest

Liberty International Underwriters (LIU), part of the Global Specialty division of Liberty Mutual Insurance, has expanded its environmental impairment liability (EIL) operation with a regional presence, to be headed by underwriting manager Mike Padula, located in LIU’s Houston office. Padula …

N.Y. Gov. Cuomo’s Administration Says ‘No Timetable’ on Fracking Decision

Months after New York Gov. Andrew Cuomo’s administration promised a decision “within weeks” on whether to allow hydraulic fracturing for natural gas, it now says there’s “no timetable for a decision.” State officials say recent meetings with the U.S. Environmental …

ACE Expands Catastrophe Management Services for Environmental Risks

ACE USA, the U.S.-based retail operations of the ACE Group, has expanded its environmental risk insurance products to add catastrophe management coverage. In addition to coverage for standard remediation services included in the off-the-shelf environmental policies, ACE now covers the …