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A Reminder to Consider the Availability of Historical Liability Insurance Policies When Facing Environmental Contamination Problems

In recent years there has been considerable focus on the availability of new insurance products to address the risks posed by environmentally impaired properties. As a general matter, there are two types of products, those that cover third-party liability claims and those that are triggered when the cost to clean up environmental contamination exceeds a specified trigger.

In this article, Albert M. Cohen examines the pros and cons of considering these insurance products when dealing with property that may be contaminated.

Albert M. Cohen is a partner in the Los Angeles office of Loeb & Loeb LLP and has more than 25 years of experience handling complex environmental cases and transactions.