Controlling enviromental impairment from an insurance perspective
- Environmental Insurance Management, Inc. McLean, VA (US)
Protecting against losses due to environmental impairment covers a broad spectrum of events. The damaged party may be a person bodily injury or the environment itself (property damage). Insurance has traditionally protected losses to either source through liability policies. Many courts have interpreted general liability policies to also cover pollution losses, a coverage the insurance industry believes was never intended. Losses from both sudden, accidental releases and gradual emissions have been covered in one policy format or another. If pollution coverage was intended, on policy may have covered damages to the site itself (on-site cleanup coverage), while another policy only provided insurance for damages to off-site third parties. However, environmental impairment liability (EIL) insurance is evolving to offer a clearer, more stable market and product for the purchaser. This book discusses risk management for underground storage tanks.
- OSTI ID:
- 6958768
- Report Number(s):
- CONF-880679--
- Country of Publication:
- United States
- Language:
- English
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Related Subjects
290300 -- Energy Planning & Policy-- Environment
Health
& Safety
293000 -- Energy Planning & Policy-- Policy
Legislation
& Regulation
54 ENVIRONMENTAL SCIENCES
540120* -- Environment
Atmospheric-- Chemicals Monitoring & Transport-- (1990-)
540220 -- Environment
Terrestrial-- Chemicals Monitoring & Transport-- (1990-)
ACCIDENTS
CONTAINERS
ENVIRONMENT
ENVIRONMENTAL POLICY
GOVERNMENT POLICIES
INDUSTRIAL ACCIDENTS
INSURANCE
LEAKS
LIABILITIES
MARKET
RISK ASSESSMENT
SAFETY
STORAGE
TANKS
UNDERGROUND STORAGE