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February 20, 2013

  Risk Management, Insurance and Claims 
  • Disclosure of environmental risk is crucial, report says
    The financial fallout from environmental, social and governance events can reverberate widely amid today's uncertain conditions, causing serious problems not just for the company involved, but for an entire industry, according to a Deloitte report. "For these reasons, ESG disclosure is valuable because it helps a company demonstrate that it is managing its risks and has a track record of paying attention to its ESG performance," according to the report. Business Insurance (tiered subscription model) (2/13) LinkedInFacebookTwitterEmail this Story
  • GAO: Feds' financial risk is growing because of climate change
    The federal government faces escalating costs related to climate change, according to the Government Accountability Office, which now includes the issue among its list of high-risk government programs. Federal agencies must redouble their efforts to mitigate the risks posed by floods, wildfires, storms, regional instability and other concerns connected with global warming, the GAO said. FederalTimes.com (2/18) LinkedInFacebookTwitterEmail this Story
  • Transocean will pay $400M over Gulf oil spill
    Transocean Deepwater will pay $400 million in criminal penalties after a federal judge found the company guilty of Clean Water Act violations related to the 2010 Gulf of Mexico oil spill. The company also was sentenced to five years' probation over the deadly explosion and fire that sank the Deepwater Horizon and caused the discharge of 4.9 million barrels of oil from BP's Macondo Well. The Times-Picayune (New Orleans) (2/14) LinkedInFacebookTwitterEmail this Story
  • Other News
  Laws and Regulations 
  • McCarthy would be pragmatic as head of EPA, observers say
    The Environmental Protection Agency's assistant administrator for air and radiation, Gina McCarthy, is considered the president's top choice to succeed Lisa Jackson as the agency's administrator, according to this article. McCarthy worked for more than two decades as a Massachusetts health and environmental-protection official before serving as Connecticut's environmental department chief. If nominated, McCarthy would likely be a fair and pragmatic administrator, observers say, but she could face stiff opposition during her confirmation hearing from GOP members of the Senate Environment and Public Works Committee. National Journal (2/17) LinkedInFacebookTwitterEmail this Story
  • Sen. Vitter says he'll look into alleged EPA settlement arrangements
    Sen. David Vitter, R-La., intends to investigate so-called sue-and-settle arrangements that he said are coordinated between the Environmental Protection Agency and environmental groups that bring lawsuits against federal agencies, Larry Bell writes. The U.S. Chamber of Commerce claims that many of the EPA's "most controversial, economically significant regulations that have plagued the business community for the past few years" are the result of such a practice, Bell writes. Forbes (2/17) LinkedInFacebookTwitterEmail this Story
  • Other News
  Green Construction 
  • New glass would turn buildings into solar cells
    A special glass that generates electricity from the sun and can be made in most colors is closer to commercial use for construction, effectively turning buildings into photovoltaics. The glass would add about 10% to the costs above the price of traditional construction materials. The Guardian (London) (2/12) LinkedInFacebookTwitterEmail this Story
 
  Aon News 
  • The Clean Water Act -- looking forward
    Alexander Gordon of Aon Environmental offers a forecast of regulatory action under the Clean Water Act during President Barack Obama's second term in office. Expect to see emerging regulatory targets, which include hydro-fracturing fluid, construction site effluent and agricultural runoff. Forty years later, the Clean Water Act remains the cornerstone of environmental legislation. Learn more about how these changes will affect industry. LinkedInFacebookTwitterEmail this Story
  • Benchmarking: Comparing risk-management practices
    It is difficult to benchmark risk-management operations and obtain useful results. Aon, in partnership with the Wharton School at the University of Pennsylvania, found a more meaningful way. By completing a 30-minute, confidential online questionnaire, the Risk Maturity Index will assess an organization's risk-management practices. Instantly benchmark your organization and receive feedback to advance your practices to the next level. LinkedInFacebookTwitterEmail this Story
  SmartQuote 
The right to be let alone is indeed the beginning of all freedoms."
--William O. Douglas,
U.S. Supreme Court justice


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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.
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