Colorado business owners could face unexpected financial repercussions for environmental hazards that settled on their property after the recent flooding in the state, an environmental expert says.
And a Sept. 9 spill of some 233,000 gallons of molasses into Hawaii's Honolulu Harbor near Sand Island has caused one of the worst environmental destructions to sea life in the island state's history, according to news reports.
Both incidents, says William McElroy, senior vice president of environmental for Liberty International Underwriters, New York, serve as examples of the environmental exposures lurking in the shadows for U.S. businesses, although the events are “two very distinctly different things,” he notes.
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