Printer Friendly

Massachusetts RIMS tries to keep up with pollution issues.

Massachusetts RIMS Tries to Keep Up with Pollution Issues

"Environmental issues are almost impossible for a risk manager to keep up with on an infrequent basis," says Lynne Miller, president of Environmental Strategies Corporation. "So much is happening that attending seminars like this is the only way a risk manager can effectively deal with environmental issues." It was this attitude which set the tone for the seminar "Pollution Liability Update," one of six sessions featured at the Twentieth Annual MassRIMS "Continuing Education" Spring Conference held March 16th at Bentley College in Waltham, MA.

"Pollution Liability Update" featured presentations from Miller as well as from C. Dickey Dyer, senior vice president of Rollins Burdick Hunter of Massachusetts, Inc. Miller's presentation, which was perhaps the highlight of the conference, stressed her belief that, "risk managers must always be aware of the constant changes in environmental regulations and how they impact directly and indirectly on their organization." The success of Miller's address can best be explained by conference attendee Mary Botkin, vice president of Jardine Emett & Chandler New England, Inc. who has sat in on a number of Miller's seminars around the country. According to Ms. botkin, "Lynne consistently has the most comprehensive and up-to-date global perspective on pollution liability. She is in constant contact with underwriters and legislators and it shows in her presentations."

The overall strength of the pollution liability seminar was in the central message of both speakers that environmental issues are becoming increasingly more important to all facets of business and must be addressed in even the most routine transactions.

In addition to the pollution liability seminar the session "Indemnification and Hold Harmless Agreements" was, according to Ms. Botkin, a "positive presentation for insurers and insured alike on the interpretation by many U.S. courts of the language of indemnification agreements." Ms. Botkin noted that "people on both sides of the insurance fence have, for many years, felt that a majority of courts around the country have leaned towards interpreting indemnification agreements against the drafter, and this seminar helped to solidify that belief."

On the conference as a whole, Ms. Botkin praised the speakers for "stressing a return to the fundamentals of insurance as a tool for buyers to implement in their everyday decision-making process."

Rounding out the remainder of the conference schedule were seminars on such topics as "Market Stability," "Workers' Compensation," Risk Management Chess" and "Europe - 1992, A Single Market for Insurance" in which Ms. Botkin felt that moderator Karen Inman of the Cabot Corporation, "did a super job preparing us all for the global changes to come in 1992. Her presentation really put the entire day into perspective."
COPYRIGHT 1989 Risk Management Society Publishing, Inc.
No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 1989 Gale, Cengage Learning. All rights reserved.

Article Details
Printer friendly Cite/link Email Feedback
Author:Furino, Lou
Publication:Risk Management
Date:May 1, 1989
Words:442
Previous Article:Canadians contemplate environmental dilemma.
Next Article:A new course in crime; captive use rising.
Topics:


Related Articles
AWT SUBSIDIARY FORMS JOINT VENTURE WITH TAKUMA COMPANY, LTD.
Environmental liability.
MOODY'S ASSIGNS 'Aa' RATING TO INITIAL ISSUANCE OF MASSACHUSETTS WATER POLLUTION ABATEMENT TRUST REVENUE BONDS
MASSACHUSETTS WATER POLLUTION ABATEMENT TRUST'S $151 MILLION BONDS RATED 'AA' BY FITCH -- FITCH FINANCIAL WIRE --
MASS WTR POLL ABATE TRUST'S $93 MIL. BONDS RATED 'AA' BY FITCH -- FITCH FINANCIAL WIRE --
Executive forum.
MASSACHUSETTS WATER POLL ABATEMENT TRUST BONDS RATED 'AA' BY FITCH -- FITCH FINANCIAL WIRE --
MASSACHUSETTS WATER POLLUTION TRUST $85 MILLION REVENUE BONDS 'AA' BY FITCH -- FITCH FINANCIAL WIRE --
S&P Rates New England Power's $371 Million Unsecured Notes A+/A-1

Terms of use | Copyright © 2017 Farlex, Inc. | Feedback | For webmasters