RT ECP News Center

July 26, 2010

XL's Pollution and Remediation Legal Liability Policy

Real estate owners, developers, and investors face many issues during property transactions. The expectation is that these properties will provide a profitable income. However, a pollution condition can wipe out any development or investment monies in a nanosecond. That’s why the real estate community relies on XL’s Pollution and Remediation Legal Liability (PARLL) policy. XL […]

July 26, 2010

Class Action Lawsuit for TCE Contamination

An XL insured purchased a property formerly used as an independent testing facility for a wide range of aerospace, military and commercial purposes. The insured’s intention was to re-sell the property to a developer for residential housing. Litigation was filed by more than 90 nearby residents claiming bodily injury and property damage as a result […]

July 23, 2010

EPA Plans to Sell Property to Fund Cleanup

A lawsuit was filed on behalf of the EPA against the current and former owners of a 25-acre site in Greenwich, Connecticut. The EPA is trying to recover $500,000 in cleanup costs and has proposed selling the site as a way to reimburse the government. The property has had several different owners since the 1980s. […]

July 23, 2010

Hazardous Waste Lawsuit Nears Settlement

A copper mining company in Arizona has agreed to pay $825,000 to settle a federal lawsuit citing them for release of hazardous substances at one of their mining sites. The Environmental Protection Agency reached an agreement with the company requiring the clean up a portion of the mine site after reporting high levels of sulfate […]

July 23, 2010

Texas Sues BP for Refinery Pollution

Texas’ Attorney General has filed a lawsuit against BP for violating the state’s pollution laws. The civil lawsuit cites 46 releases of pollution at the refinery, including those associated with a 2005 explosion that killed 15 employees and injured 180 others. Unspecified monetary damages are sought for each day each violation occurred, in addition to […]

July 23, 2010

Poultry Company Settlement Ruffles Feathers

One of thirteen companies named in a 2005 lawsuit claiming the over-application of poultry litter is responsible for contamination in the one-million-acre Illinois River watershed has proposed to pay $120,000 to settle. The settlement has been challenged by the remaining twelve companies, who are demanding clarification on how that figure was determined and how the […]

July 23, 2010

Coal Ash Cleanup Angers Tennessee Residents

A breach in a huge coal ash storage facility that released 54 million cubic yards of toxic laden ash into the Emory River in Kingston, Tennessee and a nearby neighborhood has residents worried about their health, lost property values and the slow cleanup by the Tennessee Valley Authority (TVA). The Environmental Protection Agency recently assumed oversight […]

July 23, 2010

Oil Company Pays $150 Million to Families Affected by Gas Leak

An underground storage tank in Jacksonville, Maryland dripped about 26,000 gallons of gasoline over 37 days in this small community twenty miles north of Baltimore before the leak was discovered in February 2006. The oil company responsible for the leak is issuing each family affected a disbursement of $1 million plus the value of their […]

July 23, 2010

Insurance Agency Owners on Hook for Old Oil Spill

The owners of a small insurance agency in Odgensburg, New York are being sued for the $374,000 cleanup of their office property, a former gas station. After routine construction excavation revealed oil contamination on the property, several 55-gallon drums were found on the site. The property was remediated in 2006, and per New York state […]

July 23, 2010

Initial Testing Confirms Suspect Material in Chinese-Made Drywall

The Environmental Protection Agency has found that Chinese-made drywall, suspected of causing serious problems in homes in Florida, Louisiana and several other states, contains three materials not found in US-manufactured wallboard. The testing was done at the request of Senators from Florida and Louisiana, where investigations have been launched into complaints from homeowners whose drywall […]

July 23, 2010

CPL for CA Road Project

New Day was asked to secure a project Contractor’s Pollution Liability (CPL) quotation within an extremely short time frame for a street and road project in California. After review of the project information and discussions with the agent, New Day worked closely with one carrier to quickly implement an appropriate project policy for the contractor […]

July 23, 2010

Pollution Coverage Quick Turnaround

New Day’s broker partner called one morning with an urgent request. A contractor client was unable to access a jobsite because they did not have the required pollution coverage. Using information provided by the broker, New Day quickly assessed the situation and provided the broker with a list of potential carriers, an estimated premium and […]

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