As Pollution Regulations Broaden, Insurance Gaps Widen; ACE Releases White Paper Providing Recommendations to Stem Environmental Operational Risks

PHILADELPHIA--()--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.

Contacts

ACE Group
Carla Ferrara, 215-640-4744
carla.ferrara@acegroup.com

Contacts

ACE Group
Carla Ferrara, 215-640-4744
carla.ferrara@acegroup.com