USA: AIG Environmental Enhances Pollution Legal Liability Insurance for UST
|
|
|
|
Thursday, 23 October 2008 |
|
AIG Environmental®, a unit of AIG Commercial Insurance, announced it
has enhanced and expanded its Pollution Legal Liability (PLL) insurance
coverage to cover risks related to assurance for underground storage
tanks.
PLL is insurance designed to provide liability and cleanup coverage
for pollution conditions arising from an owned or operated property.
The enhanced coverage now includes blanket non-owned disposal site
(NODS) coverage for third-party sites where insureds send their waste,
eliminating the need to schedule specific waste disposal sites. Also
covered are emergency response costs associated with an environmental
condition even in the absence of a written demand or claim.
Additionally, the new PLL terms provide financial assurance for
underground storage tanks (UST), eliminating the need for a second
policy to address tanks requiring financial assurance.
“These changes are a direct result of feedback we received from our
policyholders,” said Joseph Boren, Chairman and CEO, AIG Environmental.
“These new enhancements broaden coverage, simplify the underwriting
process and reflect our continued commitment to address our
policyholders’ needs.”
PetrolWorld 211008
|
