Catherine O'Leary of Aon Risk Solutions' environmental practice said an unexpected number of mold claims are arising as property owners, especially in the hospitality industry, are finding mold when they begin renovations. With regard to the overall environmental insurance market, "except for a few specific industry sectors, the market pricing is competitive, and the terms broad," O'Leary said.
Landowners who acquire and develop properties must thoroughly address vapor-intrusion risks while performing their environmental due diligence, lawyers John Gregory and Ashley Breakfield write. A crucial step is the "all appropriate inquiry," which makes a landowner eligible for certain Superfund protections, Gregory and Breakfield write.
An Oregon court recently ruled that carbon monoxide damages qualify for the pollution exclusion under commercial general liability policies. To make the determination, the court consulted dictionary definitions of "irritant" and "contaminant," which were mentioned but not defined in the policy of contractor Victory Construction.
The Occupational Safety and Health Administration's new rule on silica exposure will go into effect Sept. 23 instead of June 23 to give the agency time to develop "guidance materials and training for compliance officers."
Glyphosate will be added to California's Proposition 65 listing of carcinogenic chemicals, and products containing the chemical could soon include a warning label. Whether companies will have to add the label will likely hinge on the safe harbor level that will be determined by the Office of Environmental Health Hazard Assessment.
Chicago Mayor Rahm Emanuel announced that more than 900 government buildings in Chicago would transition to 100% renewable energy by 2025. On-site renewable sources and renewable energy credits will power city buildings, public schools, the Chicago Park district and the Chicago Housing Authority.
Listen as Aon colleagues discuss an innovative new product offering that provides risk leaders with an interactive casualty claims dashboarding tool that leverages Aon Casualty Laser proprietary benchmarking data -- with complementary leading advisory consultation -- to identify cost-savings opportunities and monitor the performance of pre- and post-loss casualty TCoR (total cost of risk) mitigation strategies. Spectrum Analytics represents a new, interactive way of driving insight into casualty TCoR. Watch video.
Health is on the decline. Throughout the world, health care costs are rising and people are becoming less healthy. In the US, the Centers for Disease Control and Prevention estimates annual health-related productivity losses cost US employers $225.8 billion. Against this backdrop, recent findings from Aon reveal a conflict at the heart of US health trends: People believe their health is important, but they are placing less importance on traditional ways to improve their health. Interestingly, millennials are the ones leading positive health thinking and behaviors. How are millennials approaching health, and what can we learn from them? Read more.
I do not live for what the world thinks of me, but for what I think of myself.
Jack London, writer
About Aon Environmental
Aon Environmental provides clients with the specialized expertise needed to understand their exposure and its consequences, including how it impacts financial objectives as well as corporate governance, sustainability, and regulatory concerns. Using a multi-disciplinary approach that draws upon experience in environmental law, environmental remediation, and environmental risk management, the Aon team has developed solutions for the largest and most complex environmental placements. Our superior technical skills, combined with market knowledge and relationships, ensure that the best presentation of our client's objectives will be made.
Aon plc (NYSE:AON) is a leading global provider of risk management, insurance brokerage and reinsurance brokerage, and human resources solutions and outsourcing services. Through its more than 72,000 colleagues worldwide, Aon unites to empower results for clients in over 120 countries via innovative risk and people solutions. For further information on our capabilities and to learn how we empower results for clients, please visit: http://aon.mediaroom.com.