As Pollution Regulations Broaden, Insurance Gaps Widen; ACE Releases White Paper Providing Recommendations to Stem Environmen...
March 24 2015 - 02:04PM
Business Wire
ACE Group today released a whitepaper that provides a state of
the market update on the evolving nature of environmental
liabilities for businesses. The report focuses on recent
environmental trends, market conditions, specific industry sector
risks, and the changing regulatory climate of pollution risks. In
light of the United States Environmental Protection Agency’s (EPA)
published goals of improving air quality and protecting our
national waterways, environmental insurance coverage is often a
meaningful tool when developing a proactive and comprehensive risk
management strategy for businesses and organizations both
domestically and internationally.
"Premises Pollution Liability Coverage: Essential Protection for
Operational Risks -- Day-to-Day Environmental Risks a Growing
Concern,” was authored by three environmental product specialists
in ACE Environmental Risk: Jack Frost, Vice President; Steven
Piatkowski, Vice President; and Robert Savill, Assistant Vice
President. The whitepaper is part of a larger series of papers that
ACE has written to provide risk managers useful information on
current industry topics.
This report has been developed to help businesses understand
current and developing operational and historical environmental
liabilities. It provides essential recommendations on how companies
both in the United States and abroad can best protect themselves
against a new and wider range of pollution exposures as well as
changing regulatory requirements.
Additionally, the report suggests that companies examine current
insurance programs to make sure the right coverage is in place.
According to Mr. Piatkowski, “Environmental insurance has become
less of an optional purchase and more of a necessary one to
mitigate day-to-day operational risks.” This type of environmental
coverage is readily available through premises pollution liability
policies, like ACE’s newly enhanced Premises Pollution Liability
(PPL) Policy.
To access the report, please visit our website. The material
presented in this report is not intended to provide legal or other
expert advice. It is presented as informational only. Readers
should consult legal counsel or other technical experts, as
applicable, with any specific questions they may have.
ACE Environmental Risk, is a division of ACE USA, and part of
ACE Group. ACE Environmental Risk offers a full range of
environmental liability solutions designed to minimize bottom-line
impacts, and provide hands-on management for those liabilities. For
more information about ACE Environmental Risk and its range of
products and services, please visit our website.
About ACE Group
ACE Group is one of the world’s largest multiline property and
casualty insurers. With operations in 54 countries, ACE provides
commercial and personal property and casualty insurance, personal
accident and supplemental health insurance, reinsurance, and life
insurance to a diverse group of clients. ACE Limited, the parent
company of ACE Group, is listed on the New York Stock Exchange
(NYSE: ACE) and is a component of the S&P 500 index. Additional
information can be found at www.acegroup.com, or follow ACE on
Twitter, https://twitter.com/ACEGroupNA.
ACE GroupCarla Ferrara,
215-640-4744carla.ferrara@acegroup.com
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