Expert: Few insurers cover environmental impairment for fracking | $1.1M settlement is reached over fire risk at Honolulu landfill | Water pollution goes unchecked in China, environmentalists say
March 6, 2013
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Risk Management, Insurance and Claims
Expert: Few insurers cover environmental impairment for fracking
Oil and natural gas companies frequently have to settle for limited pollution insurance for hydraulic fracturing activities because few large insurers write environmental impairment liability policies for such operations, experts say. More oil and gas firms are purchasing environmental impairment liability coverage, said Jeff Hanneman of Aon Risk Solutions. Companies with operations in Louisiana and the Marcellus Shale are of particular concern to insurers, however, because of previous environmental litigation and nearby populated areas, respectively, Hanneman said. Business Insurance (tiered subscription model) (2/24)
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$1.1M settlement is reached over fire risk at Honolulu landfill
Changes at the sole Honolulu landfill are required under a settlement with the Environmental Protection Agency to curb fire risk related to gas from decomposing garbage. Waste Management, which operates the landfill, and the city have agreed to the settlement, which also includes a $1.1 million fine. Houston Chronicle (tiered subscription model)/The Associated Press (3/1)
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Water pollution goes unchecked in China, environmentalists say
Industrial pollution is taking a toll on China's waterways and people, environmentalists say. A recent chemical spill at a fertilizer site affected millions of residents downstream of the factory, which reported the incident five days later, according to this article. "The Ministry of Environmental Protection, intentionally or otherwise, has not been strict in enforcing the law," said Yan Houfu, an environmental lawyer. The New York Times (free-article access for SmartBrief readers) (3/2)
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Editor's Note
China: Groundwater-monitoring project seeks causes of pollution
China's Yellow River and Yangtze River Delta are among the 16 regions that will undergo groundwater monitoring as part of a government investigation into groundwater pollution, Chinese officials said. The 2011-2016 National Plan for Groundwater Pollution Prevention aims to analyze pollution causes and trends, officials said. More than half of China's 4,277 groundwater monitoring centers had indicated water of poor or extremely poor quality as of May, according to the Ministry of Land and Resources. China Securities Journal (3/4)
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Ohio mulls stiffer penalties after dumping of fracking waste
Environmental advocates in Ohio are seeking tougher penalties for illegal dumping of waste in light of one drilling company's discharge of 20,000 gallons of hydraulic-fracturing waste into a storm drain. The owner of the company has been charged with violating the Clean Water Act. A bill introduced by two state senators would make such crimes a felony and prohibit companies and individuals from obtaining drilling permits if they have unlawfully discarded waste. Sandusky Register (Ohio) (3/4)
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Green Construction
Updated Green Globes tools aim to improve refrigerant use
New food-retailer refrigeration standards established by the Environmental Protection Agency's GreenChill program will be incorporated into the updated tools for Green Globes building certification, set for release beginning in April. Some 8,000 American supermarkets have worked voluntarily with GreenChill to develop more environmentally friendly refrigeration practices, according to this article. Supermarket News (free registration) (3/1)
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Aon News
China set to make environmental insurance mandatory
Authorities from the Communist Party of China announced that heavy polluting industries will be required to participate in a compulsory program for environmental liability insurance. Alexander Gordon of Aon Risk Solutions provides an overview of the mandate, including the government's treatment of companies that participate in the program. Read more. For more details on the actual placement of environmental insurance in China, contact Sam Yount, senior broker, at (615) 771-8107; Veronica Benzinger, chief broking officer, at (561) 283-2514; or Gregory Schilz, global sales, at (415) 486-7652.
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ROI calculator: What does RMIS mean to your organization?
In this eSolutions blog article, experts discuss how to calculate the benefit of using a RMIS to manage your program and gain free access to an easy to use online calculator. Read more.
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-- Robert Southey,
British poet
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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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