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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

  • 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."


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Environmental Insurance Update Topics

  • AIG – State of Affairs (MEH)

  • Current Environmental Insurance Markets (MJN)

  • Trends in Coverage and Terms/Alternative Risk Management Tools (MEH)


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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


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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


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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


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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


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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


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Current Markets Continued

  • Philadelphia Insurance – all lines

  • Argo Pro – all lines


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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)


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Environmental Insurance Update

  • Questions & Discussion


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