PHILADELPHIA--(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.
Source: ACE Group