Ensure you have the appropriate coverage with your environmental insurance.
Environmental pollution and contamination and other issues involving environmental damage and impairment arise frequently in business operations worldwide. In addition to major environmental catastrophes such as the Deepwater Horizon Gulf of Mexico oil spill and the Fundao mining damage collapse in Brazil, long term operations also have negatively impacted the environment by way of the use and disposition of various hazardous materials and products. Finding ways to insure the risks associated with environmental impacts is challenging and has become more challenging as environmental risks have received greater public attention and grown in magnitude. This topic will help the persons responsible for identifying and obtaining insurance for environmental risks to understand what insurance products are available in the marketplace to cover such risks, and some of the specifics and details of the available types of coverage. The topic also explains the historical context in which environmental insurance coverage has developed and changed over the last 50 years. This material is critical for businesses addressing difficult issues of environmental risks and seeking to identify and implement creative and effective means of transferring and mitigating such risks through insurance.
Learning Objectives
- You will be able to describe the various types of insurance coverages currently available for environmental pollution/contamination/damage.
- You will be able to recognize the difference between policies providing broader coverage for environmental/pollution issues and those providing narrower coverage.
- You will be able to discuss the role of environmental insurance in corporate transactions.
- You will be able to explain the development of specific environmental insurance coverage policies/products.
Add to Wishlist
Credit
More Program Information
Why Lorman?
Over 37 years and 1.4 million customers worth of experience providing continuing education. Our passion is providing you world-class training to help you succeed in business and as a professional.
Agenda
General Overview of Environmental Insurance Coverage
- Historic Third-Party Liability Coverage
- Transition From Absolute Pollution Exclusions to Time Element Coverage
- Development of Environmental Impairment Liability and Pollution Legal Liability Policies
- Environmental Coverage in First-Party Property Policies
- Environmental Insurance Coverage in Other Types of Policies
Historic Third-Party Liability Coverage
- Policies With No Pollution Exclusions
- Development of Limited Pollution Exclusions
- Development of Absolute Pollution Exclusions
Transition From Absolute Pollution Exclusions to Time Element Coverage
- Development of Absolute Pollution Exclusions
- Problems With Applying and Interpreting Absolute Pollution Exclusions
- Development of Time Element Pollution Coverage Buy-Backs
- Specific Elements/Features of Time Element Pollution Coverage Buy-Backs
Development of Environmental Impairment Liability and Pollution Legal Liability Policies
- EIL and PLL Coverage as Outgrowth of Absolute Pollution Exclusions in General Liability Policies
- Specific Elements/Features of EIL and PLL Policies
- Role/Usefulness of EIL and PLL Policies in Corporate Transactions
Environmental Coverage in First-Party Property Policies
- General Approach of Excluding Coverage for Pollution/Contamination
- Ensuing Loss/Resulting Damage Exceptions to Pollution/Contamination Exclusions
- Coverage Extensions for Decontamination and Related Expenses
Environmental Insurance in Other Types of Policies
Add to Wishlist
Credit
More Program Information
Why Lorman?
Over 37 years and 1.4 million customers worth of experience providing continuing education. Our passion is providing you world-class training to help you succeed in business and as a professional.
Credits
OnDemand Course
This course was last revised on July 30, 2021.
Call 1-866-352-9540 for further credit information.
- CA MCLE 1.5
- Lorman Education Services is a State Bar of California approved MCLE sponsor and this course qualifies for 1.5 CLE hours of participatory credit.
To earn each credit Lorman offers through the OnDemand learning platform, you need to watch 100% of the program. Also, for certain credits you will need to fulfill additional requirements which will be displayed on the "credits" tab when viewing the course.
This program does NOT qualify, nor meet the National Standard for NASBA accreditation.
Add to Wishlist
Credit
More Program Information
Why Lorman?
Over 37 years and 1.4 million customers worth of experience providing continuing education. Our passion is providing you world-class training to help you succeed in business and as a professional.
Faculty
John D. Shugrue
Reed Smith LLP
- Partner in the Insurance Recovery Group
- Affiliate member of the Energy and Natural Resources Group in Reed Smith's Chicago office
- Practice focuses on representing policyholders in complex litigation and insurance coverage matters involving general and excess liability, OEE/energy package, D&O, product recall, first-party property/business interruption, pollution liability, E&O, cargo/inland transit, and crime/fidelity coverage
- In addition to wide experience with all major U.S. insurers, has handled litigation, mediation, and arbitration with Lloyd's and other London, European, and Bermuda market insurers
- Significant representations have encompassed major U.S. policyholders such as Anadarko Petroleum, Castleton Commodities International, Nicor Gas, International Game Technology, Tribune Company, Kraft Foods, and Republic Services, and have involved claims throughout the U.S. and in Canada, the U.K., Italy, China, Brazil, Nicaragua, Japan, and West Africa
- Has pursued coverage for his clients relating to some of the largest catastrophic events in recent history, including Deepwater Horizon, Superstorm Sandy, Hurricane Katrina, and a massive dam collapse in Brazil
Add to Wishlist
Credit
More Program Information
Why Lorman?
Over 37 years and 1.4 million customers worth of experience providing continuing education. Our passion is providing you world-class training to help you succeed in business and as a professional.
All of your training, right here at Lorman.
Pay once and get a full year of unlimited training in any format, any time!
- OnDemand Courses
- Live Webinars
- MP3 Downloads
- Course Manuals
- Executive Reports
- White Papers and Articles
Additional benefits include:
- State Specific Credit Tracker
- All-Access Pass Course Concierge
Questions? Call 877-296-2169 to speak with a real person.
Access to all training products for one year
$699/year
Unlimited Lorman Training
With the All-Access Pass there is no guessing what you will need for your yearly training budget. $699 will cover all of your training needs for an entire year!
Easy Registrations
Once you purchase your All-Access Pass you will never be any further than one-click away from attending any Lorman training course.
Invest in Yourself
You haven't gotten to where you are professionally by luck alone; it's taken a lot of hard work and training. Invest in yourself with the All-Access Pass.
