TITLE

RIMS Requests Joining EPA/Insurer Dialogue

AUTHOR(S)
Harkavy, Jon; Kahn, Haren R.
PUB. DATE
April 1985
SOURCE
Risk Management (00355593);Apr85, Vol. 32 Issue 4, p7
SOURCE TYPE
Trade Publication
DOC. TYPE
Article
ABSTRACT
This article reports on the request by the Risk and Insurance Management Society (RIMS), in a March 12, 1985 letter to acting assistant U.S. Environmental Protection Agency (EPA) administrator Jack W. McGraw, to join a meeting organized by the EPA with property casualty insurance trade associations to discuss the risks and insurability of environmental impairment liability exposures. The meeting would reflect a concern by EPA that while it can order hazardous waste facilities to get liability insurance against chemical accidents, it cannot create an insurance market willing to underwrite these risks. An excerpt from RIMS' letter to McGraw, explaining why participation in the EPA/insurer dialogue would be appropriate, is given in this article. As of April 1985, RIMS has not received a response to the letter. However, thus far the following organizations have been asked to participate in the dialogue: the American Insurance Association; the Insurance Services Office; the National Association of Independent Insurers; the Alliance of American Insurers; and the Reinsurance Association of America.
ACCESSION #
15248756

 

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