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ReWeb - First seen on the Reinsurance website www.insurancewindow.net.
(From Reinsurance)
The blackout that left 50 million people without power in North America in August caused at least $75m in damages, according to the property claims service unit of the Insurance Services Office. The figure could increase, the company has warned. Eight US states and a large part of eastern Canada were blacked out for up to 30 hours, including the cities of New York, Ottawa, Toronto, Detroit and Cleveland. Initial investigations have pinpointed the source of the power cut to a break in a circuit in Ohio.
- The US property and casualty insurance market is still nearly 40% underfunded for asbestos and environmental liabilities, according to rating agency AM Best. In a new report the company claims that incurred-to-date losses now stand at $45bn for asbestos and $31bn for environmental liabilities. However, it estimates that unfunded asbestos and ...
- Environmental disclosure in a changing regulatory climate: from the SEC's...
- Magazine article from: Risk & Insurance Swanson, Karl Pleva, Eileen Biondi July 1, 2003 700+ words
...regulators to enforce disclosure of environmental liabilities. The Sarbanes-Oxley Act of...disclose both actual and contingent environmental liabilities within their 10-K filings...indicate that companies underreport environmental liabilities. Federal reporting obligations...
- Failure to fully report environmental liabilities a growing business risk;...
- Magazine article from: Business Insurance Roberts, Sally October 16, 2006 700+ words
...of corporate reticence toward environmental liabilities are numbered, according to an...widespread underreporting of environmental liabilities on most corporate financial statements...be reluctant to disclose their environmental liabilities and potentially open themselves...
- Environmental liabilities and the federal securities laws: a proposal for...
- Magazine article from: Environmental Law Latham, Mark June 22, 2009 700+ words
...INTRODUCTION II. ENVIRONMENTAL LIABILITIES AND DISCLOSURE A...OBLIGATION TO DISCLOSE ENVIRONMENTAL LIABILITIES UNDER THE 1933 AND...for Disclosure of Environmental Liabilities: The National Environmental...
- Estimating environmental liabilities: one price does not fit all.
- Magazine article from: Risk Management Sullivan, Edward July 1, 2005 700+ words
...may be called upon to predict environmental liabilities in a number of different situations...environmental insurance products. Environmental liabilities are notoriously difficult to...signifies that when estimating environmental liabilities, there is almost never a single...
- Prevent environmental liabilities from derailing a deal.
- Magazine article from: Real Estate Weekly Berger, Ken June 14, 2006 700+ words
...cleanup costs, delays and environmental liabilities that can derail an otherwise promising project. Environmental liabilities do not need to be an...both known and unknown environmental liabilities. Under "Superfund...
- Are you investing in environmental liabilities? (Environmental & Safety Issues).
- Magazine article from: Industrial Heating Schwendeman, Timothy December 1, 2002 700+ words
...aware of, their company's environmental liabilities and conditions? It is believed...misstating and underreporting their environmental liabilities. A 1998 U.s. Environmental...which to properly estimate their environmental liabilities. Others simply ignore these...
- Environmental Liabilities - Some General Reminders for Practitioners.
- News wire article from: Mondaq Business Briefing December 13, 2002 700+ words
Environmental liabilities fall into that category...clients' exposures to environmental liabilities on the advice that they...clauses that allocate environmental liabilities in leases. This article...
- Accounting For Environmental Liabilities Under The New Financial Interpretation...
- News wire article from: Mondaq Business Briefing February 21, 2006 700+ words
...way companies must report their environmental liabilities, requiring that companies account...accounting techniques. With regard to environmental liabilities, FIN 47 will therefore require...Exchange Commission's focus on environmental liabilities. To illustrate the effect of...