"Environmental issues are a fundamental economic and reputational risk for businesses across all industry sectors," PropertyCasualty360.com contributors Sarah Wirtz and Samantha D'Amico wrote in an April 2021 article. (Credit: Antony Weerut/Adobe Stock)
Think about the gas stations you pass each day. Underground storage tanks (USTs) lie beneath each station. There are approximately 542,000 USTs nationwide, according to the Environmental Protection Agency (EPA). Most of them store petroleum products. These aging fiberglass tanks, installed in the 1990s have now exceeded their 30-year lifespan, and many are failing structurally and mechanically. Consequently, UST-related environmental claims have increased.
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