EPA Study on the Effectiveness of UST Insurance as a Financial Responsibility (FR) Mechanism

Gänder Consulting Group, LLC conducted a study on behalf of the United States Environmental Protection Agency – Underground Storage Tank Office entitled, “The Effectiveness of UST Insurance as a Financial Responsibility (FR) Mechanism,” December 2011.  The purpose of the study was to assess the adequacy and effectiveness of private insurance as a FR mechanism for the UST program.

Analyzing UST pollution insurance policies and evaluating the extent to which they paid corrective action expenses and third-party liability claims associated with releases from regulated USTs, as the EPA intended, was the Study’s focus.

A link to the published EPA Study can be found at:  https://www.epa.gov/ust/epa-study-effectiveness-ust-insurance-financial-responsibility-fr-mechanism

For more information on the Study, please contact Joy M. Gänder, CPCU, ARM, Principal – Gänder Consulting Group, LLC, via email gander@ganderconsulting.com or phone (608) 286-0286.