Five years after the Deepwater Horizon disaster, blackened beachesresulting from the worst oil spill in U.S. history have since beencleaned up—but the potential remains for businesses to wreak havocon the environment.
Each of the past five years has seen numerous news reportsinvolving pipeline leakage, industrial and agricultural discharge,and other pollution events. Just this past August, theEnvironmental Protection Agency accidentally released millions ofgallons of chemical-laced water into the Animas River, highlightingthe fact that even the most careful operations aren't immune frominadvertently creating a crisis.
“We obviously don't like it when the environment gets polluted,but quite frankly, it shows that coverage is needed,” says DavidBrereton, program manager for environmental impairment liability atFrebergEnvironmental Insurance. “High-profile incidents on the newslead to people seeking coverage.”
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