|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)
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.
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.
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.