Fulfilling financial requirements
Journal Article
·
· Waste Age; (United States)
OSTI ID:5368713
The proposed regulations in the Resource Conservation and Recovery Act of 1976 for hazardous waste disposal sites detail the amounts of financial responsibility required of owners or operators for sudden and non-sudden accidents at waste disposal sites. Both operating and post-closure accidents are considered. Owners or operators will obtain liability insurance for such accidents. Sudden accident coverage premiums would be $5 million/site exclusive of legal costs; non-sudden accident coverage would cost $5 million/accident including legal costs, with a $10 million annual aggregate for claims arising from the gradual release of any toxic substance to the environment from a facility. A bill (S.1325) that would authorize the federal government as the insurer for all closed sites has been proposed. The history of insurance against pollution-related injury and the background against which EPA issued its draft regulations are discussed.
- Research Organization:
- Env Risk Assessment Service, Boston
- OSTI ID:
- 5368713
- Journal Information:
- Waste Age; (United States), Journal Name: Waste Age; (United States) Vol. 10:12; ISSN WAGEA
- Country of Publication:
- United States
- Language:
- English
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