Environmental cap setter

Article Abstract:

London-based building materials firm Hanson was able to negotiate an innovative $800 mil environmental liability insurance policy through the efforts of Peter Statile. Hanson executive Statile was able to negotiate the huge insurance policy by examining the potential environmental liabilities faced by Hanson in its acquisition of US-based Beazer, and negotiating such potential and future liabilities with insurers. Insurance broker Sedgwick and reinsurers Centre Solutions and Swiss Re, worked with Statile which made Hanson responsible for the first $100 mil in liabilities with both reinsurers working on the next $800 mil funds for future liabilities.

Management, Case studies, Risk management, Pollution liability insurance, Statile, Peter, Hanson Industries Inc.

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Contaminated food for thought

Article Abstract:

Turkey manufacturers are covered by generic product liability insurance and food contamination insurance, and these insurance sectors have been a growth area in the past years. Insurers including Chubb Groupare offering additional coverage, but the industry is yet to embrace the insurance. Coverage is sure to be a growth area as fear about foodborne disease spreads.

Food & Kindred Products, Food Manufacturing, FOOD AND KINDRED PRODUCTS, Cases, Product information, Food industry, Insurance industry, Foodborne diseases

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Employee benefits and property and casualty insurance remain top concerns for businesses in 2006

Article Abstract:

The trends in employee benefits and property and casualty insurance coverage are presented.

United States, Forecasts, trends, outlooks, Forecasts and trends, Market trend/market analysis, Employee benefits, 2006 AD

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