Aon eSolutions, the client technology arm of Aon Corporation (NYSE:AOC) and the leading provider of global risk and insurance solutions, has released a new environmental module as part of RiskConsole, its browser-based risk management information system.
Developed in conjunction with Aon Environmental Services Group, RiskConsole's environmental module provides organizations with the ability to manage the multi-faceted environmental due diligence process, which generates volumes of sampling data, assessment reports, regulatory correspondence, and other legal correspondence.
The environmental liabilities associated with the purchase, sale, and development of properties can be extremely complex and costly. Risk managers must address environmental issues to reduce the possibility of losses. As an essential step in any real estate transaction, a piece of property must be evaluated for environmental contamination and potential liabilities for the new owner in regards to cleanup costs.
"In today's litigious environment, managing the mountain of environmental material is a daunting task," says Kathleen Burns, CEO of Aon eSolutions. "RiskConsole now enables efficient tracking and warehousing of information to thoroughly document environmental conditions. Clients can utilize this information to resolve prospective conflicts over indemnities and regulatory actions, as well as to obtain the best-possible environmental insurance coverage for their individual properties or portfolios."
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