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RT ECP: Pollution Legal Liability

February 11, 2021

Policy to Support the Sale of Contaminated Property

Source: Sirius Group “In-Box”, February 11, 2021 An environmental policy was needed to support the insured’s purchase of a tech venture group with four (4) locations that had a history of research and development (including clean rooms), LED manufacturing and product development, and solid state lighting and laser development. One of the properties was impacted by […]

February 11, 2021

Policy to Support the Sale and Redevelopment of Contaminated Property

Source: Sirius Group “In-Box”, February 11, 2021 An environmental policy was needed to insure both the buyer and seller of a contaminated site that had historically been used as an oil-based power plant. The site was slated for redevelopment by the buyer into two (2) logistics warehousing facilities. Redevelopment activities were to include demolition, decommissioning and abatement […]

February 11, 2021

Policy to Support a Portfolio of Locations

Source: Sirius Group “In-Box”, February 11, 2021 The insured, a large waste management company, owns and operates a portfolio of disposal facilities and transfer stations. The insured’s expiring environmental carrier offered renewal terms which significantly limited the insured’s expiring coverage. The broker requested a quote from Sirius, seeking both pre-existing and new environmental conditions coverage […]

September 12, 2014

New Day provides enhanced coverage to large firm that purchases industrial facilities

New Day worked with a large firm that acquires manufacturing and industrial sites that align with their business plan.  Supporting three separate transactions, New Day worked with a number of environmental site assessment Phase I and Phase II reports and other documents and investigations, then negotiated with engineers and underwriters at competing carriers to laser […]

December 22, 2010

Rail Car Refurbisher

A rail car refurbishing company was interested in acquiring a rail services company that included five rail car servicing facilities in three states. Our retail broker partner solicited New Day’s assistance to design a Pollution Legal Liability (PLL) program to address legacy as well as new environmental issues on, at, under or migrating from the […]

September 29, 2010

New Day Assists in Placing Coverage for Private Equity Firm

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 […]

August 11, 2010

Arsenic Groundwater Contamination at Ethanol Plant

Acknowledgement to XL Environmental COVERAGE NEED A potential XL insured, an alternative energy company, was developing a site for an ethanol production facility. The owners had concerns regarding known arsenic contamination in groundwater from an adjacent Superfund site and desired full Pollution and Remediation Legal Liability coverage from XL. The facility had a need to […]

July 22, 2010

Former Coal Mining Site – Success Story

New Day recently worked with a major non-profit organization that purchased a 10,000 acre site located in West Virginia. Since the property is a former coal mining site, there were concerns over potential contaminants associated with past mining operations, so the client wanted protection through proper insurance coverage. Using limited environmental site assessment sampling analytical […]

July 14, 2010

Renewal Time Crunch

New Day’s broker partner won a large chemical manufacturer/blender account several weeks before renewal. The challenge was to renew a manuscripted site pollution liability policy that included cost cap coverage for a remediation site. With time a concern, New Day conducted a detailed review of the coverages and the remediation project. Working with the carrier, […]

July 9, 2010

New Day Places Coverage for Petroleum Tank Farm

New Day was working with a broker partner who had taken over a placement on a large petroleum product tank farm. At the time that New Day became involved there were two policies in place – the primary and the excess. New Day was tasked with placing the excess portion. Located in a waterway in […]

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