The Water Quality Insurance Syndicate has offices in lower Manhattan in New York City, and the events of September 11th remain vivid. However, in its aftermath it was difficult to envision the broad reaching ripple effects resulting from the event. Among the effects is the clash of two major issues:...
"Pollution legislation is always changing and being amended, and states have become more aggressive, so you can't be doing business as usual," says Russ Brown, vice president of Underwriting for the Water Quality Insurance Syndicate WQIS. "When it comes to pollution, states aren't going to leave...
Business Editors NEW YORK--BUSINESS WIRE--Feb. 4, 2004 Fitch Ratings assigns an underlying 'AA-' rating to Tampa Bay Water (TBW, or the authority), Florida's approximately $110 million utility system refunding revenue bonds, series 2004. The bonds, expected to be insured, are scheduled to price Feb. 4 through...
WHEN agents and brokers think about environmental risks, such land-based exposures as mold, asbestos and underground storage tanks are probably the first things that come to mind. However, there are plenty of pollution exposures out on the water, too. Producers who are mindful of them can do a better job...
Business Editors ADVISORY... --BUSINESS WIRE--Nov. 21, 2002 TOPIC: The sunken tanker Prestige leaked another 800,000 gallons of oil into the waters off the coast of Spain yesterday, according to an article by USA TODAY. The Spanish government stated about 90 beaches have been damaged by the...
New Policies The Water Quality Insurance Syndicate WQIS announced the creation of Blue Haven Marina Coverage, designed to cover marina owners/operators and vessel owners in the case of pollution liability. Any vessel under 300 gross tons is covered, whether moored, berthed or visiting a marina. Coverage protects marina owners...
Group of insurers offers water pollution coverage and oil spill cleanup services It isn't listed in the Fortune 500. It doesn't trade on the New York or Nasdaq stock exchanges. And it hasn't crowned itself in glory with its name on a gleaming skyscraper or some spectacular sports palace....
WASHINGTON, DC -- Caribbean Petroleum Corporation, MetLife Capital Corporation and Water Quality Insurance Syndicate will pay $83.5 million to the United States and Commonwealth of Puerto Rico to settle claims related to a 1994 barge grounding that caused an 800,000 gallon oil spill, the Justice Department announced today. The...
The Water Quality Insurance Syndicate WQIS introduced a new pollution policy for vessel owners and operators. Known as the WQIS 1998 Policy Form, the policy retains the overall structure of the previous form, in force since 1992, and gives policyholders several options to customize liability coverage for oil spills, discharges...
Rapidly rising natural resource damage assessments made under federal pollution laws are undermining marine insurers' ability to provide liability protection to vessel operators, a U.S. marine insurance industry representative says. In testimony before the House Committee on Transportation and Infrastructure Subcommittees on Coast Guard and...
After the tenant's two-year search for new space, Galbreath Riverbank has negotiated four long-term lease renewals and relocations totalling 28,000 square-feet at 14 Wall Street. The tenants - American marine management services Inc., American Institute of Marine Underwriters ("AIMU"), Water Quality Insurance Syndicate, and American Marine Insurance Clearinghouse - all...
Articles 1993-04-14
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