This Day On The Street
Continue to site right-arrow
ADVERTISEMENT
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here
TheStreet Open House

XL Group Offers Enhanced Pollution Protection To Help Municipalities Protect Their Budget And The Environment

Stocks in this article: XL

EXTON, Pa., Sept. 10, 2013 /PRNewswire/ -- XL Group's North America Environmental business unveiled a series of pollution insurance policy enhancements to help municipalities address their specific environmental risk management needs and protect their budgets from unexpected clean up and other expenses.

"Communities provide their residents with a variety of services that can pose a pollution threat," explained Matt O'Malley, President of XL Group's Environmental business in North America. "From a variety of building operations to wastewater management to maintaining sewer lines and landfills, municipalities carry significant environmental liabilities. Given tight budgets and their roles as being responsible stewards of taxpayers' money, more municipalities are searching to employ effective risk management strategies to protect their finances, reputation and the environment.  Using our Pollution and Remediation Legal Liability policy, we're able to provide them with these new coverages that  allow  communities to build a protection program that fits their specific needs."       

XL Group's Pollution and Remediation Legal Liability provides coverage to municipalities for on and off-site third-party bodily injury and property damage, on and off-site remediation expense, legal expense and contingent transportation risks.   XL Group's Pollution Protection for Municipalities allows communities to tailor their pollution insurance program to address environmental liability associated with their individual activities and services.   Available enhancements include:

  • Products Coverage for contaminated drinking water supplied by the municipality.
  • Contractor's Pollution Legal Liability Coverage to protect the municipality related to pesticide and herbicide applications, maintenance services, and/or installation of water and sewer lines by employees.
  • Landfill Coverage to protect municipalities from pollution conditions that result when pollutants migrate to adjacent properties from the landfill, and on-site coverage related to storage tanks.
  • Sewer Trunk Line Coverage for the main sewer trunk line network that connects the main lines and pump stations to the waste water treatment plant(s).
  • Disaster Response Expense coverage for costs to secure a scene and manage the media in the event of a disaster. 
  • Blanket Non-Owned Disposal Site(s) coverage offering pollution protection in the delivery and disposal of waste at non-owned locations.
  • Owned / Leased Vehicle Coverage to cover vehicles operated by the insured municipality's employees.
  • Abandoned Materials Coverage for the illicit abandonment of materials at a covered location.

Policies are provided by XL Group insurance companies, Indian Harbor Insurance Company and Greenwich Insurance Company.  XL Group's Environmental business also provides their policyholders with dedicated environmental risk consulting and claims handling services, which may include consultations to help prevent pollution mishaps, access to pre-approved remediation consultants and emergency response assistance in the event of an incident.

1 of 2

Select the service that is right for you!

COMPARE ALL SERVICES
Action Alerts PLUS
Try it NOW

Jim Cramer and Stephanie Link actively manage a real portfolio and reveal their money management tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
  • Weekly roundups
TheStreet Quant Ratings
Try it NOW
Only $49.95/yr

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
  • Upgrade/downgrade alerts
Stocks Under $10
Try it NOW

David Peltier, uncovers low dollar stocks with extraordinary upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
  • Weekly roundups
Dividend Stock Advisor
Try it NOW

Jim Cramer's protege, David Peltier, identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Alerts when market news affect the portfolio
  • Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
Real Money Pro
Try it NOW

All of Real Money, plus 15 more of Wall Street's sharpest minds delivering actionable trading ideas, a comprehensive look at the market, and fundamental and technical analysis.

Product Features:
  • Real Money + Doug Kass Plus 15 more Wall Street Pros
  • Intraday commentary & news
  • Ultra-actionable trading ideas
Options Profits
Try it NOW

Our options trading pros provide daily market commentary and over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • 100+ monthly options trading ideas
  • Actionable options commentary & news
  • Real-time trading community
  • Options TV
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!
DOW 16,805.41 +127.51 0.76%
S&P 500 1,964.58 +13.76 0.71%
NASDAQ 4,483.7150 +30.9230 0.69%

Brokerage Partners

Rates from Bankrate.com

  • Mortgage
  • Credit Cards
  • Auto

Free Newsletters from TheStreet

My Subscriptions:

After the Bell

Before the Bell

Booyah! Newsletter

Midday Bell

TheStreet Top 10 Stories

Winners & Losers

Register for Newsletters
Top Rated Stocks Top Rated Funds Top Rated ETFs