Controlling enviromental impairment from an insurance perspective

Conference · Fri Jan 01 00:00:00 EST 1988

OSTI ID:6958768

Gulledge, W P ^[1]

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1. 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-
• Resource Relation: Conference: 81. annual meeting of Air Pollution Control Association, Dallas, TX (USA), 19-24 Jun 1988; Other Information: 88-3.2; Related Information: Volume 1
• Country of Publication: United States
• Language: English

Related Subjects

54 ENVIRONMENTAL SCIENCES
29 ENERGY PLANNING
POLICY AND ECONOMY
ENVIRONMENT
SAFETY
INDUSTRIAL ACCIDENTS
INSURANCE
LEAKS
TANKS
UNDERGROUND STORAGE
RISK ASSESSMENT
ENVIRONMENTAL POLICY
LIABILITIES
MARKET
ACCIDENTS
CONTAINERS
GOVERNMENT POLICIES
STORAGE
540120* - Environment
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540220 - Environment
Terrestrial- Chemicals Monitoring & Transport- (1990-)
290300 - Energy Planning & Policy- Environment
Health
& Safety
293000 - Energy Planning & Policy- Policy
Legislation
& Regulation