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Environmental Insurance and Risk Management

Shipman & Goodwin’s environmental attorneys are regularly called upon to advise on numerous environmental insurance and risk management matters both regionally and nationally.

We counsel our clients with innovative legal risk management strategies (including the use of environmental insurance and other liability transfer strategies) to box in risk.  In several cases of national prominence, we have utilized liability transfer strategies to effectively cap costs and address potential future liability.  We work with buyers, sellers, developers, banks and other private institutional lenders/investors, energy companies, and engineering firms to develop and utilize environmental insurance and other risk transfer mechanisms to creatively manage environmental concerns and close deals involving contaminated properties. 

Our representation includes:

  • Evaluating risk and working with environmental insurance brokers to design specifications and select products for coverage
  • Negotiating coverage issues with insurance companies
  • Manuscripting policies to extract the best coverage possible
  • Assisting with environmental claim management
  • Developing and negotiating guaranteed-fixed price or aligned interest contracts (with and without insurance) to limit cost-overruns and incentivize efficient and effective remediation and project completion

Publications

May 1, 2020  If COVID Isn't Enough…Multi-Family Property Owners/Managers Beware: NYC Prioritizes Lead-Based Paint Enforcement
August 20, 2019  Why I Became A Lawyer: A Seaweed Scientist's Odyssey
June 10, 2019  Legislature Passes Key Amendments to the Connecticut Transfer Act
June 26, 2015  More Stringent "Significant Environmental Hazard" Reporting Requirements to Take Effect July 1, 2015
June 18, 2013  Environment, Energy and Land Use Legislative Update
June 6, 2013  Environment, Energy and Land Use Legislative Update
May 30, 2013  Environment, Energy and Land Use Legislative Update
April 22, 2013  Environment, Energy and Land Use Legislative Update
April 8, 2013  Environmental 'Sandbagging' In Corporate Transactions
March 5, 2013  Sandbagging & Environmental Issues in Corporate Transactions
February 25, 2013  Environment, Energy and Land Use Legislative Update
January 11, 2013  Environment, Energy and Land Use Legislative Update
October 18, 2012  Lending on Contaminated Properties: Using Environmental Insurance to Manage Environmental Risks & Get the Deal Closed
May 10, 2012  Environment, Energy and Land Use Legislative Update
April 27, 2012  Environment, Energy and Land Use Legislative Update
April 2012  U.S. Coast Guard Ballast Water Discharge Rule: New Requirements and Risks
April 9, 2012  Redeveloping Brownfields: The Need for Risk Transfer Strategies
March 16, 2012  Environment, Energy and Land Use Legislative Update
February 8, 2012  Environment, Energy and Land Use Legislative Update

Primary Contact

Related Practice Areas

Connecticut's Brownfield Program Provides Incentives for Development

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