{"title":"Environmental Insurance and Financial Institutions","authors":"M. Schroeder","doi":"10.1080/10406026.2020.1713511","DOIUrl":null,"url":null,"abstract":"Abstract Environmental insurance transfers to an Insurer all or part of a financial institutions loss resulting from legal liability for pollution conditions, or loss resulting from a borrower loan default and the discovery of a pollution condition on property that serves as collateral for a loan. Today, several major environmental insurers offer diverse, broad and flexible insurance policy terms and conditions. The placement of environmental insurance can add positive value to the financial institution’s balance sheet by providing more protection to the financial institution than the traditional environmental due diligence methods and loan underwriting process affords.","PeriodicalId":11761,"journal":{"name":"Environmental Claims Journal","volume":null,"pages":null},"PeriodicalIF":0.0000,"publicationDate":"2020-04-02","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"https://sci-hub-pdf.com/10.1080/10406026.2020.1713511","citationCount":"1","resultStr":null,"platform":"Semanticscholar","paperid":null,"PeriodicalName":"Environmental Claims Journal","FirstCategoryId":"1085","ListUrlMain":"https://doi.org/10.1080/10406026.2020.1713511","RegionNum":0,"RegionCategory":null,"ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":null,"EPubDate":"","PubModel":"","JCR":"Q3","JCRName":"Environmental Science","Score":null,"Total":0}
引用次数: 1
Abstract
Abstract Environmental insurance transfers to an Insurer all or part of a financial institutions loss resulting from legal liability for pollution conditions, or loss resulting from a borrower loan default and the discovery of a pollution condition on property that serves as collateral for a loan. Today, several major environmental insurers offer diverse, broad and flexible insurance policy terms and conditions. The placement of environmental insurance can add positive value to the financial institution’s balance sheet by providing more protection to the financial institution than the traditional environmental due diligence methods and loan underwriting process affords.
期刊介绍：
The Environmental Claims Journal is a quarterly journal that focuses on the many types of claims and liabilities that result from environmental exposures. The ECJ considers environmental claims under older business insurance policies, coverage and claims under more recent environmental insurance policies, as well as toxic tort claims. Exposures and claims from all environmental media are considered: air, drinking water, groundwater, soil, chemicals in commerce and naturally occurring chemicals. The journal also considers the laws, regulations, and case law that form the basis for claims. The journal would be of interest to environmental and insurance attorneys, insurance professionals, claims professionals, and environmental consultants.
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