Publication Date 11/22/2010 Source: BestWire Services Energy and environmental insurers are eagerly eyeing an emerging energy boom: the development of the Marcellus shale natural gas area. “It’s a major, major find that I think will impact the energy market not only locally, but globally,” said Chris Moscardelli, director of Societe Generale’s energy project finance group. […]
Publication Date 11/21/2010 Source: Gazette (Cedar Rapids, IA) A former Monticello circuit boards manufacturer pleaded guilty in U.S. District Court Thursday for storing toxic waste and dumping the waste into Kitty Creek. Gene Riddle, 74, pleaded guilty to a misdemeanor count of violation of the Clean Water Act, and also pleaded guilty on behalf of […]
Publication Date 11/12/2010 Source: Daily Gazette (Sterling, IL) Nov. 12–DIXON — The substance found in the Lancaster gym at Dixon High School is asbestos, officials confirmed Thursday. The 51-year-old gym, closed since the discovery Monday, will remain off-limits until the problem is solved — however that may be. Air-monitoring devices will be installed. Other than […]
Source: http://envfpn.advisen.com/#top Publication Date 11/11/2010 Source: Business Wire NEW YORK–(BUSINESS WIRE)– Chartis today announced the expansion of industries addressed by NextGen Protection, a suite of environmental insurance solutions developed by its Environmental division. The additional industry segments within the NextGen Protection suite are: PLL MuniProtect SM for Municipalities PLL MuniProtect has been developed to address the environmental exposures […]
Publication Date 11/06/2010 Source: Chicago Tribune (IL) Nov. 06–Day after day, thousands of commuters are breathing high levels of toxic diesel pollution trapped in Chicago’s two major rail stations and even inside the trains they ride, a Tribune investigation has found. Testing by the newspaper found the amount of diesel soot lingering in the air steadily […]
Publication Date 11/06/2010 Source: Kansas City Star (MO) Nov. 05–State officials will host a meeting Tuesday to discuss the results of sampling of tannery sludge on farms in northwest Missouri. The Missouri Department of Natural Resources and the Environmental Protection Agency began an investigation last year after Cameron residents raised concerns about a high number […]
Publication Date: 11/06/2010 Source: Record-Eagle, The (Traverse City, MI) Nov. 06–GREILICKVILLE — Additional contamination discovered at a former dry-cleaning and laundry business forced the U.S. Environmental Protection Agency to expand cleanup efforts there. The EPA planned to remove about 380 cubic yards of contaminated soil at the former Grand Traverse Overall Supply Co. site on […]
Source: http://fpn.advisen.com/#top Aug. 23–An engineering firm that consulted on the Interstate 35W bridge in Minneapolis that collapsed three years ago has agreed to pay $52.4 million to victims. San Francisco-based URS Corp. had been sued by more than 100 people. They accused the company of missing warning signs on the bridge before its rush-hour collapse […]
Acknowledgement to Great American Insurance Group CINCINNATI–(BUSINESS WIRE)– Yesterday Standard & Poor’s Rating Services raised its financial strength ratings for AFG’s core insurance subsidiaries to ‘A+’ from ‘A’. At the same time, S&P raised its counterparty credit rating on American Financial Group to ‘BBB+’ from ‘BBB’. The outlook on all of these companies is stable.
A university with a number of locations spread across one state in the U.S. as well as locations in Europe and Asia owns buildings comprising their campus. Many of the buildings are old, with some dating back to the early 1800s. Working with the retail broker and an environmentally savvy risk manager, New Day gathered […]
Two years ago, our partner broker called us in a panic as their insured was not being renewed due to losses from their carrier who provided Professional/Pollution coverage. The retail broker obtained a 30 day extension while New Day sought solutions in the marketplace. One carrier agreed to offer Professional/Pollution terms. Coverage was bound with […]
New Day was retained to design an Environmental Casualty and Legacy Pollution Legal Liability program for a private equity firm who purchased 3 oil & gas waste companies that operated out of 18 different locations in 3 states. Due to the complexity of the deal and the challenging environmental exposures, New Day conducted extensive marketing […]
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