PHILADELPHIA–(BUSINESS WIRE)–ACE Westchester, the U.S.-based wholesale-focused insurance division of
the ACE Group, today announced the availability of its latest report
“Pollution: The Unrecognized Risk of Business Operations.” The new ACE
Progress ReportSM discusses the often unidentified pollution
risks faced by businesses, and the range of activities of businesses
today that are subject to continually evolving environmental laws and
regulations at the federal, state and local level. Heightened public
awareness combined with intensified regulatory scrutiny has increased
the potential environmental exposures for businesses across the board.
“focuses on the need for
businesses to take a proactive approach to environmental risk
management, including pollution insurance, to adequately address the
exposures inherent within their daily operations. By doing so,
businesses can better protect themselves and be in a position to thrive
in a green society.”
The report, co-authored by the ACE Westchester Environmental team:
Barbara Deas, Division President, Rob Owens, Vice President and Todd
LaBandt, Executive Underwriter, discusses the wide range of tailored
environmental coverages that, when combined with a proactive risk
management strategy, can help protect businesses from potentially
significant environmental claims.
“Evolving environmental regulations can affect almost any kind of
commercial venture, thereby placing new compliance demands on those
ventures and creating new liabilities,” said Ms. Deas. “To protect
themselves, companies in every line of business need to take a proactive
approach to environmental risk management that minimizes the pollution
risks in the first place.”
Mr. Owens added, “Even an environmentally conscious business, however,
may not recognize the full extent of environmental risks that its daily
operations entail. Pollution liabilities can impact almost any kind of
commercial venture, from residential developments to shopping centers,
commercial office parks, warehouses, manufacturers, and even
organizations such as universities.”
“This white paper,” said Mr. LaBandt, “focuses on the need for
businesses to take a proactive approach to environmental risk
management, including pollution insurance, to adequately address the
exposures inherent within their daily operations. By doing so,
businesses can better protect themselves and be in a position to thrive
in a green society.”
The authors’ commentary is part of ACE Progress ReportsSM, a
collection of white papers, articles, and executive reports on current
and emerging risk management issues. To access the report, please visit our
website. The material presented in the report is not intended to
provide legal or other expert advice. It is presented as information
only. Readers should consult legal counsel or other experts, as
applicable, with any questions they may have.
ACE Westchester’s Environmental Division provides environmental
liability insurance products and services, including: General Liability;
Products Pollution Liability; Contractors Pollution Liability and
Premises Pollution Liability coverage. Separate policies may be provided
in conjunction with the products above to cover Business Auto and/or
Follow Form Excess Liability exposures. In addition, Hazmat Transporters
are eligible for Fleet, General Liability, and Premises Pollution
coverage. To learn more about ACE Westchester Environmental’s insurance
products and services, please visit
our website.
ACE Westchester is the U.S.-based wholesale-focused operation of the ACE
Group. Headed by ACE Limited (NYSE:ACE), a component of the S&P 500
stock index, the ACE Group conducts its business on a worldwide basis
with operating subsidiaries in more than 50 countries. Additional
information can be found at: www.acegroup.com.
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