RT ECP News Center

July 22, 2010

Condo's Eco Suit Goes For Green

Wall Street Journal (5/29/10) via Advisen The owners of a luxury condominium in Battery Park City are suing for $1.5 million in damages because they say the eco-friendly building isn’t green enough.  Read more.

July 21, 2010

Firms Learn Pollution Coverage Essential to Construction Risk Management Toolbox

An excavation contractor purchased pollution coverage for $8,000. The driver for purchasing coverage was encountering pre-existing contamination in soil on a project and realizing that there was no coverage in their General Liability (GL) policy for this risk. An electric contractor purchased pollution and professional coverage for $30,500. The reason for purchasing was a contractual […]

July 21, 2010

XL Claim Example – Food Distribution Center

The construction manager of a construction, renovation and expansion project for a food distribution center hired an insured to construct and install a new refrigeration system at the facility. The insured was cutting a section of pipe when approximately 50 pounds of ammonia was released as a gaseous cloud inside the facility. It took over […]

July 21, 2010

XL's New Insurance Policy

XL’s construction specialty for the past 25 years has been to provide annually renewable pollution and professional liability insurance solutions for middle market contractors. XL has new and expanded family of insurance policies that provides pollution coverage at construction job sites as you would expect and also provides cradle to grave coverage such as: Contractor’s […]

July 21, 2010

Risk Mismanagement

Slate (04/19/10); Salmon, Felix Not all companies are taking proper steps to prepare for – and adapt to – the future effects of climate change. Many firms seem to focus solely on mitigating changes to the climate: reducing carbon emissions, improving environmental sustainability, and striving to be an enlightened steward of the planet. Adaptation is […]

July 21, 2010

Rare-Earth Metal Recycling Needed to Power Green Tech

CNet (05/18/10); LaMonica, Martin Recycling rates need to increase significantly to ensure the future supply of rare-earth and specialty metals, which are needed to power many green technology products, according to a United Nations Environment Program report. A UN committee has determined that the recycling rates for specialty metals are only about 1 percent, while […]

July 21, 2010

Canada: Corporate Directors and Officers Can Be Culpable for Environmental Harm

Mondaq (05/10/10); McAree, Marc Statutes and regulations involving the environment are increasingly being passed at the federal, provincial, and local levels of government. Such laws can affect requirements for corporate directors and officers, such as environmental offences for causing pollution; failing to report discharges and spills; non-compliance with orders, approvals, and permits; obstructing the regulator; […]

July 21, 2010

Chinese Drywall Maker Says It Is in Talks With Builders

Wall Street Journal (04/28/10) P. A8; Wotapka, Dawn; McQueen, M.P. At least one Chinese drywall maker that produced tainted gypsum board now burdening U.S. homeowners with health issues and property problems has signaled its willingness to settle claims with American builders. The inferior material was brought in from China to replenish a shortage of domestic […]

July 21, 2010

Ma Nature's Next Hissy Fit

Claims Magazine (06/10); Brownlee, Ken Ken Brownlee discusses the plethora of natural disasters throughout the U.S. as well as the ins-and-outs of being prepared with the proper insurance. Central New England recently faced a bout of devastating floods, and Brownlee expects that most residents did not have flood insurance. As a result, the cash-strapped states […]

July 21, 2010

Camp Enhancement

Pollution Engineering (06/10) Vol. 42, No. 6, P. 31; Zeller, Stephen N.; Ambulkar, Archis Dredging is the process of extracting sediment material from waterway beds, and common techniques of sediment removal from lakes include draining and excavating the lake, mechanical dredging, and hydraulic dredging. The hydraulic dredging process entails removing and transporting waterways material via […]

July 21, 2010

US Green Building Standards Ignore Air Quality, Says Report

Building Design (06/10), Winston, Anna A May report from Environmental & Human Health Inc. indicates that LEED-certified buildings may be contributing to toxic indoor environments, as the highest “platinum” rating can be achieved without credits for indoor air quality protection.  According to the report, LEED Certification: Where Energy Efficiency Collides With Human Health, “[The LEED […]

July 21, 2010

Breaking Down the Risk-Assessment Process

Compliance Week (06/15/10), Thompson, Louis M. In order to examine risk assessment in general, one must see how companies have developed their risk-assessment process. Most tend to follow legal and regulatory requirements relevant to their industry and standards from the Sarbanes-Oxley Act.  Risk assessment has evolved to a large number of people with responsibility having the […]

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