Environmental risk

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Environmental risk

The risk associated with economic or administrative consequences of slow or catastrophic environmental pollution.

Environmental Risk

The risk that a certain business venture or activity will cause destruction to the surrounding natural environment. For example, if oil reserves were discovered in a national park, there would be the environmental risk that exploiting the reserves might harm or destroy some of the park's wildlife. While environmental risk implies some moral or at least reputational risk, it also carries economic consequences. A company with environmental risk often has to pay fees for exemptions from certain policies, and it is usually responsible for cleaning up the environment in case it causes a slow or sudden disaster. See also: Cap-and-trade.
References in periodicals archive ?
Ironshore International has announced that its Mergers & Acquisitions Unit will enhance insurance coverages to address environmental risks that arise during a transaction.
John Wasilchuk to focus on environmental risks and insurance coverage
O'Leary says she enjoys working with clients and discussing Environmental risks "they didn't think they could manage.
This will also help ensure the development of an effective ERE Once the objective is established, an exposure analysis is conducted that identifies specific environmental risks.
THE EUROPEAN Commission may move against a Dutch ban on copper-based anti-fouling paints for leisure boats, after the European Union's (EU) Scientific Committee on Health and Environmental Risks (SCHER) concluded The Hague had insufficiently justified the law.
This past year, she handled a series of assignments for an East Coast power company that needed help in the recovery work on the commutation of a group of old general liability policies that involved environmental risks.
This hearing must cut through the industry's hype and focus on the real health and environmental risks of nanotechnology.
The confidential data issues, coupled with environmental risks, make the chain of custody for retired assets one of the most important aspects of the reverse logistics process.
Indoor air quality issues such as these and other environmental risks of equal importance including leaking oil tanks, asbestos exposures, lead based paint and more, are legacy risks that can entrap an unsuspecting buyer of residential properties in a web of costly litigation typically not covered by any standard property or casualty insurance program.
While stakeholders are becoming more comfortable with environmental risks, the various evolving risk management tools available are still not widely adopted.
RISK MANAGERS ARE being increasingly delegated responsibility for managing environmental risks.
For the first time, a lawyer or consultant can get a quick online review of environmental risks associated with a property or with a business, and then make a follow-up request for the agency file on the property or the business that raises a concern.
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