Insurers may be unable to disclose EIL. (environmental insurance liability)

National Underwriter Property & Casualty-Risk & Benefits Management, July, 1993 by Brostoff, Steven

WASHINGTON -- It may not be possible for insurers to disclose their potential liability for environmental claims, as was recommended by the General Accounting Office, industry representatives contend. "The GAO report does recognize the potential effect that environmental liability may have on the industry.

But it begs the question of how you can determine and report liability given the lack of uniformity in court decisions," said Ken Schloman, Washington counsel with the Des Plaines, Ill.-based National Association of Independent Insurers. Insurers don't really know what claims are going to be made until a lawsuit is filed, added John Arlington, senior counsel of federal affairs and policy with the Washington-based American Insurance Association. Since...

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