Search
 

Covering Contamination Claims Stemming from Sandy

For those businesses facing potential liability from environmental-contamination claims, liability insurance may be an important asset to help offset defense costs and remediation payments.

By John E. Heintz, Jared Zola | Updated on November 20, 2012

Superstorm Sandy’s recent strike hit the most densely populated area of the country, causing loss of life, destruction and dislocation on a massive scale. Recovery efforts are still in their infancy, and the storm’s economic impact will be felt by businesses and individuals across the country for some time. Many businesses have suffered direct damage to property and lost income due to the resulting interruption of their operations, while others may face environmental-contamination claims stemming from Sandy. For those businesses facing potential liability from environmental-contamination claims, liability insurance may be an important asset to help offset defense costs and remediation payments.

The government is seriously assessing potential environmental threats in Sandy’s aftermath. The U.S. Coast Guard, Environmental Protection Agency, National Oceanic and Atmospheric Administration, oil-spill removal organizations, New York Department of Environmental Conservation and New Jersey Department of Environmental Protection have joined efforts to create a Hurricane Sandy Pollution Response Unified Command. The unified command has created branches, divisions and task forces, totaling 137 personnel, to assess and respond to impacted areas. The unified command is currently identifying environmentally sensitive areas for pollution and hazardous materials.  

Want to continue reading?
Become a Free
PropertyCasualty360 Digital Reader.

INCLUDED IN A DIGITAL MEMBERSHIP:

  • All PropertyCasualty360.com news coverage, best practices, and in-depth analysis.
  • Educational webcasts, resources from industry leaders, and informative newsletters.
  • Other award-winning websites including BenefitsPRO.com and ThinkAdvisor.com.

Already have an account?

NOT FOR REPRINT

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.

Dig Deeper

Recommended Stories

PropertyCasualty360

Join PropertyCasualty360

Don’t miss crucial news and insights you need to make informed decisions for your P&C insurance business. Join PropertyCasualty360.com now!

  • Unlimited access to PropertyCasualty360.com - your roadmap to thriving in a disrupted environment
  • Access to other award-winning ALM websites including BenefitsPRO.com, ThinkAdvisor.com and Law.com
  • Exclusive discounts on PropertyCasualty360, National Underwriter, Claims and ALM events

Already have an account? Sign In Now
Join PropertyCasualty360

Copyright © 2024 ALM Global, LLC. All Rights Reserved.