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Environmental Insurance Update. Colorado Bar Association Environmental Law Section Topical CLE Luncheon Date: Tuesday, March 31, 2009 12:00 p.m. - 1:30 p.m. Speakers: Melanie Nesterenko of Rock Hill Underwriting Management www.rhkc.com

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environmental insurance update
Environmental Insurance Update
  • Colorado Bar Association
  • Environmental Law Section Topical CLE Luncheon
  • Date: Tuesday, March 31, 2009 12:00 p.m. - 1:30 p.m.
  • Speakers: Melanie Nesterenko of Rock Hill Underwriting Management www.rhkc.com
  • Michael E. Herrmann, P.G., Environmental Insurance Producer James C. Herrmann & Associates, Ltd.
  • Legacy Liability Solutions, LLC – Alternative Risk Management Strategies for Long Lived Environmental Exposures
  • Topic: "Environmental Insurance Update."
environmental insurance update topics
Environmental Insurance Update Topics
  • AIG – State of Affairs (MEH)
  • Current Environmental Insurance Markets (MJN)
  • Trends in Coverage and Terms/Alternative Risk Management Tools (MEH)
aig state of affairs
AIG – State of Affairs
  • Commercial Insurance Company Handout March 12, 2009
  • Highlights of AIG Presentation: New name – AIU HoldingsFinancial overview and performance
  • What does this all mean to the insured?
  • Discussion/questions
current environmental insurance markets
Current Environmental Insurance Markets
  • Many New “Markets” and Competition
  • Few companies for retroactive and long term risk, financial assurance guarantees, closure/post closure
  • Many markets for contractor pollution liability risk and annual/short term and lower risk site liability
  • Competition to distinguish on service, pricing, coverage - relationships
current environmental insurance markets5
Current Environmental Insurance Markets
  • AIG (AIU Holdings) – all lines
  • Chubb – all lines
  • ACE/ACE Westchester – all lines
  • Zurich – all lines
  • XL – all lines
  • Arch – all lines + lender liability policy
  • LIU – all lines
current environmental insurance markets6
Current Environmental Insurance Markets
  • Great American – all lines, no casualty –related products
  • Navigators – all lines
  • Ironshore – all lines
  • Rockhill/NECC – all lines
  • American Safety – all lines
  • Aspen – CPL, when GL is written with Aspen
current markets continued
Current Markets Continued
  • Nautilus, all lines except PLL
  • Hudson – all lines
  • Everest – CPL
  • Endurance American (Freberg) – all lines
  • James River – all lines
  • RLI – all lines
  • Caitlin – professional/CPL only
current markets continued8
Current Markets Continued
  • Philadelphia Insurance – all lines
  • Argo Pro – all lines
trends and alternative risk management tools
Trends and Alternative Risk Management Tools
  • Traditional Market Limitations: Coverage and Term
  • Alternative Risk Transfer (ART) emerging to address concerns posed by “difficult” and industry specific risks.
  • Captives and Risk Retention Groups to Access Reinsurance Markets
  • Advanced Risk Analysis, Loss Control and Prevention
  • Applying Enterprise Risk Management (ERM) Strategies
  • Closure/Post-Closure Markets
  • Annuities and Trusts to manage long term environmental exposures associated with Asset Retirement Obligation (ARO)
environmental insurance update10
Environmental Insurance Update
  • Questions & Discussion
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