[CPEO-BIF] Brownfields insurance

[Lenny Siegel <lsiegel@cpeo.org>]

EPA's Office of Brownfields Cleanup and Redevelopment has released two
new reports. Environmental Insurance Products Available for Brownfields
Redevelopment, 2005, is available at 
http://www.epa.gov/swerosps/bf/insurebf.htm#epares. The document
provides up-to-date information on pollution liability, cost cap, and
secured lender policies, and pre-funded insurance programs. Basic
characteristics of the products are discussed including policy dollar
limits, premiums, deductibles, and policy periods. The report ends with
a discussion of changes in the market since the last review of products
was conducted in 1999 such as turnover of insurers and modifications of
policy periods and premiums. The information is based on in-depth
interviews with representatives of nine insurance companies.

The second report, Update: State Brownfield Insurance Programs, 2005, is
also available at  
http://www.epa.gov/swerosps/bf/insurebf.htm#epares. It is a short
supplement to a 2004 study of existing state-level programs and efforts
in other states to develop or investigate the desirability of a state
program. The 2004 report is available at
http://www.epa.gov/brownfields/pubs/state_report_04_revised.pdf

Both documents were prepared by Kristen R. Yount and Peter B. Meyer from
Northern Kentucky University. For more information on environmental
insurance and brownfields, please visit EPA's Website at
http://www.epa.gov/brownfields/insurebf.htm.

-- 


Lenny Siegel
Director, Center for Public Environmental Oversight
c/o PSC, 278-A Hope St., Mountain View, CA 94041
Voice: 650/961-8918 or 650/969-1545
Fax: 650/961-8918
<lsiegel@cpeo.org>
http://www.cpeo.org
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