Acknowledgement to XL Environmental Most property transactions require a Phase I Environmental Site Assessment by either the contractual or lender agreement but does it fully protect the parties involved? There are limitations to a Phase I in that they only provide research into the historical use of the property. Whereas a Phase II assessment’s soil […]

Source: www.finanzen.net, January 24, 2011 Contractors and consultants are more vulnerable now than ever to environmental liabilities, from job site pollution incidents, to hidden dangers of site selection, which can cost hundreds of thousands in fines and legal fees. In addition, contractors and consultants face a growing array of environmental risks and liabilities due to […]

Publication Date 01/21/2011 Source: Post & Courier (Charleston, SC) Posted on: http://fpn.advisen.com A recent ruling from South Carolina’s highest court has general contractors throughout the state worried that they could be liable for paying potentially huge financial damages that their insurers traditionally covered. Property owners who sue builders for faulty workmanship — such as sloppily […]

The November 22, 2010 issue of National Underwriter featured Jeff Slivka’s article entitled, “Traditional E&O Risks Emerge From Sustainable Construction.”  The article focuses on green construction, LEED (Leadership in Energy and Environmental Design) and the risks related to these and other green initiatives.  To read Jeff’s article, click here.

Acknowledgement to XL Environmental By Bob Hallenbeck, SVP, Sales & Marketing, Environmental Group Since the Defense Base Closure and Realignment Act of 1988, almost 200 military bases have been shuttered, mothballed, closed. Fortunately, while the military activities has long ceased, many closed military bases have not sat idle. Closed Bergstrom Air Force Base, near Austin, […]

Acknowledgement to XL Environmental By MaryAnn Susavidge, Executive Managing Underwriter, Environmental As Deepwater Horizon was added to the list of names — Exxon Valdez, Bhopal, Love Canal — synonymous with environmental disasters, businesses received a stark reminder that their activities have the potential to incur environmental liabilities. While they may have made a mental note of […]