Preparation for Post-Incident - Claims Adjusting and Clean-up
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This document discusses preparation for post-incident claims adjusting and clean-up. It provides an overview of environmental insurance, coverage determination factors like notification period and source, and stakeholders involved like owners, carriers, brokers, and regulators. It also outlines typical release scenarios like new releases, pre-existing unknown releases, and emergency responses. For each scenario, it discusses notification, source and timing, subrogation potential, response activities, and ongoing work to closure. Finally, it provides best practices to maximize insurance coverage, such as notifications, pre-approval of work plans and proposals, regulatory compliance, communication, and loss control.
Preparation for Post-Incident - Claims Adjusting and Clean-up
- 1. 1 Preparation for Post-Incident Claims Adjusting and Clean-Up Ben Hansen, Antea Group September 10, 2019
- 2. 2 Presenter: Ben Hansen, PG Sr. Consultant Antea Group
- 3. 3 Environmental Insurance Overview Financial Responsibility Requirements (40 CFR, Part 280, Subpart H) Products Property Tanks Limits Self-Insured Retention / Deductible
- 4. 4 Coverage Determination Notification Period Source and Timing Policy period Retroactive dates Covered Locations / Tanks Regulatory Required Remediation Work vs. Upgrades Reasonable and Necessary
- 5. 5 Stakeholders Owner/Operator Carriers Claims Managers and Internal Risk Engineering Brokers Consultants/contractors Regulators Attorneys Affected 3rd Parties
- 6. 6 Typical Release Scenarios New Release Pre-existing Unknown Emergency Response
- 7. 7 New Release Scenarios Notification Source and Timing Subrogation Potential Response: Contractor/consultant selection Work Plan Pre-approval Communication on site updates and change orders Ongoing Activities to Closure
- 8. 8 Pre-Existing Unknown Scenarios Notification Source and Timing Subrogation Potential Response: Contractor/consultant selection Work Plan Pre-approval Communication on site updates and change orders Ongoing Activities to Closure
- 9. 9 Emergency Response Scenarios Notification Source and Timing Subrogation Potential Costs Response: Contractor/consultant selection Work Plan Pre-approval Communication on site updates and change orders Ongoing Activities to Closure
- 10. 10 Best Practices to Maximize Coverage Notifications Source/Timing Determination and Policy Period Organized Tank/Site Files Work Plan/Proposals/Rates Pre-approval and clear/ accurate invoicing Regulatory Required Remediation Work Pro-active Communication with Carrier Litigation Appetite No Surprises Loss Control Use