Starr Insurance Cos. Launches Environmental Shield Product Using Single Underwriter for Multiple Manufacturing-Related Risks

NEW YORK--(BUSINESS WIRE)--Starr Insurance Cos. has introduced Environmental Shield, a customized environmental insurance product that covers multiple manufacturing risks with a single underwriter overseeing and streamlining the design.

Starr developed the Shield product in response to the needs of companies around the world facing a new level of risk from having to meet a growing number of environmental compliance and regulatory requirements across numerous jurisdictions.

“The problem Shield aims to solve is the increasingly complex array of manufacturing environmental risks,” said Brad Dodge, head of Starr’s Environmental division. “Shield offers a hard-to-find solution that simplifies the process and servicing for clients by establishing a single-point-of-contact underwriter to customize a package of multiple coverages.”

Shield eliminates the inefficiencies of having to deal with multiple underwriters and carriers to insure numerous risks – including workers’ compensation and commercial automobile in addition to several pollution-specific exposures and availability of excess capacity. The product leverages Starr’s account service managers and environmental specific loss-control capabilities, as well as single-contact underwriting.

About Starr Insurance Companies

Starr Insurance Companies (or Starr) is a marketing name for the operating insurance and travel assistance companies and subsidiaries of Starr International Company, Inc. and for the investment business of C. V. Starr & Co., Inc. and its subsidiaries. Starr is a leading insurance and investment organization with a presence on six continents; through its operating insurance companies, Starr provides property, casualty, and accident and health insurance products as well as a range of specialty coverages including aviation, marine, energy and excess casualty insurance. Starr’s insurance company subsidiaries domiciled in the U.S., Bermuda, China, Hong Kong, Singapore, U.K. and Malta each have an A.M. Best rating of “A” (Excellent). Starr’s Lloyd’s syndicate has a Standard & Poor’s rating of “A+” (Strong).

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