|Risk Management, Insurance and Claims
Texas fertilizer plant wasn't overseen by Homeland Security program
The Texas fertilizer facility that exploded last week reported to state regulators in 2012 that it had 270 tons of ammonium nitrate, which must be reported to the U.S. Department of Homeland Security when 400 pounds or more are being held. The site, however, isn't under the oversight of the department's Chemical Facility Anti-Terrorism Standards Act program, an agency spokesman said. Reuters
Official: Environmental insurance to help with Wash. mill cleanup cost
The discovery of higher-than-expected amounts of mercury could increase the cost of a Bellingham, Wash., environmental cleanup from $1.8 million to as much as $3.2 million. The Port of Bellingham has an environmental insurance policy as well as state grant money that it can use toward additional costs, said Brian Gouran, the port's environmental site manager. The higher level of contamination was discovered during the excavation of a former Georgia-Pacific mill site, the first phase of a potentially $100 million statewide cleanup plan. The Bellingham Herald (Wash.)
Asbestos-removal allegations put Chicago renovation on hold
Three companies involved in the renovation of a Chicago hospital and hotel building will halt their asbestos-removal efforts and take steps under an agreed interim order to prevent the further release of the material, Illinois Attorney General Lisa Madigan said. State Environmental Protection Agency inspectors reported observing workers engaging in improper and unlawful asbestos-removal activities at the site, leading to an eight-count complaint against the three firms. Legal Newsline
Fertilizer company explosion and emergency response coverage
Catastrophic events such as the recent fire at a chemical storage facility in West, Texas, cause risk managers to re-evaluate the emergency-response services that may be offered under an environmental insurance policy. Several insurance companies have developed a range of institutional and contractual mechanisms to assist their clients in responding and managing recovery. Alexander Gordon of Aon Risk Solutions takes a closer look at details that unfolded during this recent explosion and how clients may benefit from coverage under their environmental insurance programs. Read more.
Aon Environmental Claims Webinar -- link to webcast
We are pleased to share a replay of the recent claims seminar on April 11, Navigating the Complexities of Environmental Claims. Our panelists included three environmental claims professionals: M. Claire Juliana, director of claims, Aon; Barry Gerstein, AVP of claims, Allied World; and Richard Janisch, principal and environmental claims attorney, Arcina Risk Group. The topics include conditions to coverage, identifying those activities that can be managed and establishing best practices for environmental claims. Watch the webinar.
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.
John Welter, EVP, Managing Director
5555 San Felipe Street Suite 1500
Houston, Texas 77056
Please contact one of our specialists for advertising opportunities,
editorial inquiries, job placements, or any other questions.