Pursing other deep pockets: California`s underground storage tank cleanup fund and insurance policies
- Parker, Milliken, Clark, O`Hara and Samuelian, Los Angeles, CA (United States)
When faced with a potentially very expensive environmental cleanup, most companies and individuals try to do the only sensible thing, which is to find out if anyone else will pay the bill. This presentation will outline two avenues that may provide a substantial financial contribution to environmental cleanups: (a) California`s Underground Storage Tank Cleanup Fund and (b) insurance policies. The Underground Storage Tank Cleanup Fund was established in 1989 to help eligible owners and operators of petroleum underground storage tanks (USTs) to: (a) get reimbursed for costs of unauthorized releases of petroleum from USTs; (b) get reimbursed for damages awarded to third parties as a result of unauthorized releases of petroleum from USTs; and (c) meet federal and state requirements that the UST owner and/or operator be able to pay for cleanup costs and damages to third parties caused by unauthorized releases of petroleum.
- OSTI ID:
- 367607
- Report Number(s):
- CONF-951124--
- Country of Publication:
- United States
- Language:
- English
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