Insurance recovery for manufactured gas plant liabilities
Journal Article
·
· Fortnightly
OSTI ID:535137
This article addresses insurance and liability issues arising from former manufactured gas plant sites. Three issues are discussed in detail: (1) how to place a value on a potential insurance recovery or damage award, (2) how to maximize recovery through litigation or settlement, and (3) how to mediate coverage disputes to avoid litigation. The first issue, valuing potential recovery, is discussed in the most detail. An approach is outlined which includes organizing policy data, evaluating site facts relevant to coverage, estimating site costs, estimating coverage likelihoods, and assessing the expected value of litigation. Probability and cost estimate data is provided to aid in assessments.
- OSTI ID:
- 535137
- Journal Information:
- Fortnightly, Journal Name: Fortnightly Journal Issue: 8 Vol. 135; ISSN FRTNE8
- Country of Publication:
- United States
- Language:
- English
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