When dealing with an environmental contamination issue, businesses can easily feel overwhelmed. Common considerations owners have include the impact contamination will have on the business, costs to cleanup the problem, customers, employees, and the negative effect to their bottom line. Environmental contamination can mean a host of different things like soil and groundwater contamination. Whether … Read more

Most everyone (property owners, business owners, municipal government, financial institutions, etc.) cringe when they hear they have an environmental problem and they need to comply with the regulations imposed by a state agency and/or the Environmental Protection Agency (EPA). Often times, despite good advice, the prevailing wisdom may be to ignore the problem and hope it … Read more

At Restorical, we are commonly asked about the viability of old insurance carriers. For the most part, Comprehensive General Liability (CGL) policies from over 100 years ago are available to make environmental claims. The insurance industry has historically experienced tremendous consolidation, or a larger insurance carrier purchasing a smaller one, this preserves the continuity of coverage to present day. The purchasing carrier will retain the selling carrier’s historic liability regarding old insurance policies. The exception to this rule is in the case of an insurance carrier going out of business. While this is not common, it does happen and will continue to happen from time to time.

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