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Natural Resource Damages: The Evolving Risk of Environmental Impairment Liability
Beginning of article
Risk managers and insurance and reinsurance company executives who deal with environmental liability claims in the United Stales may have another tiger by the tail. The potential future impact of claims relating to natural resource damages (NRD) has become an area of great concern. Recent aggressive state government enforcement initiatives should inspire insurers and risk managers to scrulinize lheir exposure Io lhis established source of environmental liability and carefully evaluate lhe potential impact of these claims on their existing environmental loss reserves. The nexus of increasing NRD compensation daims and increasing corporate governance responsibilities (particularly with …
