Report: Tackling environmental liabilities can be a lengthy, tough process

05/15/2013 | Business Insurance (tiered subscription model)

Companies that lack environmental insurance may find themselves vulnerable to losses from events such as pesticide spills and oil-tank failure, according to a report by an international insurer group. "It is important to remember that environmental liabilities are often difficult to manage. They can take a long time to resolve and involve much technical input which, without an insurer's help, may prove a considerable burden," said the group's director of market services.

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