Norfolk Southern expects February’s fiery Ohio derailment to cost it $387 million, but that total will likely increase over time and that doesn’t reflect how much the railroad’s insurance companies will eventually cover.
Tag: environmental insurance
Distinguished Programs and SiriusPoint Partner on Environmental Insurance Program
Distinguished Programs, a national insurance program manager, today announces a new partnership with SiriusPoint Ltd. to expand into Environmental, Construction Pollution and Professional Insurance.
Starr Insurance Cos. Launches Environmental Shield Product for Manufacturing-Related Risks
Starr Insurance Cos. has introduced Environmental Shield, a customized environmental insurance product that covers multiple manufacturing risks with a single underwriter overseeing and streamlining the design. Starr developed the Shield product in response to the needs of companies around the world facing a new level of risk from having to meet a growing number of… Continue reading Starr Insurance Cos. Launches Environmental Shield Product for Manufacturing-Related Risks
SPG Acquires Virginia-Based Beacon Hill Associates
Specialty Program Group LLC (SPG), a leading operator of specialty insurance brokerages and underwriting facilities, announced today that it has acquired the assets of Beacon Hill Associates, Inc. (BHA) a leading environmental Wholesale Brokerage firm, including BHA’s PartnerOne (P1) environmental Underwriting division. Terms of the acquisition were not disclosed. Since 1990, BHA/P1 has been a… Continue reading SPG Acquires Virginia-Based Beacon Hill Associates
Millions of Abandoned Oil Wells Are Leaking Methane, A Climate Menace
In May 2012, Hanson and Michael Rowe noticed an overpowering smell, like rotten eggs, seeping from an abandoned gas well on their land in Kentucky. The fumes made the retired couple feel nauseous, dizzy, and short of breath. Regulators responding to the leak couldn’t find an owner to fix it. J.D. Carty Resources LLC had… Continue reading Millions of Abandoned Oil Wells Are Leaking Methane, A Climate Menace
WQIS Announces Appointment of Ryan A. Puttick as Senior Vice President, Chief Claims Officer
The Water Quality Insurance Syndicate, (“WQIS”), has announced today that Ryan A. Puttick has been appointed Senior Vice President, Chief Claims Officer effective from 1 October, 2019, replacing Harry Diamond who will transition to the full time position of Executive Consultant to WQIS. Ryan joined WQIS’ claims department in 2013 and has worked alongside Harry… Continue reading WQIS Announces Appointment of Ryan A. Puttick as Senior Vice President, Chief Claims Officer
AXA XL Adds Enhanced Protection to Environmental Insurance Coverage in North America
AXA XL’s Environmental business in North America has added supplemental coverage to its Pollution and Remediation Legal Liability (PARLL) policy which provides protection to owners, operators and developers of fixed facilities against loss, remediation expense and legal defense expense for sudden and gradual pollution conditions. According to Matt O’Malley, President of AXA XL’s North America… Continue reading AXA XL Adds Enhanced Protection to Environmental Insurance Coverage in North America
EPA Will Study Limits on Cancer-Linked Chemicals
The Environmental Protection Agency on Thursday said it will start work by the end of the year on a long-awaited plan to set national drinking-water limits for two harmful chemicals linked to cancer, low infant birth weight and other health issues. But environmentalists and Democratic lawmakers criticized the plan, saying it in effect delayed desperately… Continue reading EPA Will Study Limits on Cancer-Linked Chemicals
MGA Energi Names Michael Windstein As Chief Underwriting Officer
Energi names Michael Windstein as Chief Underwriting Officer. Michael Windstein will support the underwriting operations with the recent launch of Energi’s eCaptiv programs for the energy and transportation industries. “Windstein has been a strong asset to the underwriting operations at Energi,” says Timothy Kolojay, President and Chairman of eCaptiv. “His experience and knowledge of the… Continue reading MGA Energi Names Michael Windstein As Chief Underwriting Officer
Climate Change Report: A Burning Issue for Businesses and Boardrooms
Clyde & Co has published the first of three reports exploring the legal, commercial and liability risks that climate change creates for businesses and their boards. “Climate Change: A Burning Issue for Businesses and Boardrooms” looks at what is driving the heightened risk environment and how most companies are vulnerable to climate-related risks in some… Continue reading Climate Change Report: A Burning Issue for Businesses and Boardrooms