This weeks lessonis basedEnviornmentalImpairment (pollution) Liability. As in the first two issues, your assignment is to complete research of the laws/regulations/regulatory agencies that govern/control pollution issues faced by both companies as well as individuals. (Both State and Federal)
Pollution Liability is a very specialized area, and, as such, tends to be very difficult to place in the insurance markets and it is also very expensive. (The old supply & demand issue)
The Commercial General Liability contract issued to businesses by insurance companies excluded virtually and and all forms of pollution. The question of pollution or enviornmental impairment is also exacerbatedby the fact that the regulatory and legal enviornment regarding this issue is very much a "moving target." What was perfectly "normal" and "legal" in the past very well may be unacceptable and illegal today.
Your research should include(but not be limited to) the following: The Clean Air Act; The Toxic Substances Control Act; The Clean Water Act; CERCLA - Comprehensive EnviornmentalResponse Compensation Liability Act, commonly known as the Superfund; The Exxon Valdez 1985; Deep Water Horizon/BP/Trans-ocean; Love Canal; etc.
Cite verifyableexamples in your work!
DEADLINE FOR SUBMISSION IS FRIDAY, APRIL 12,2019 AT 5PM!
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