Matthew Jokajtys | April 30, 2013
EPA has just extended to tenants the Bona Fide Prospective Purchaser (“BFPP”) protection, by which Congress previously exempted certain prospective owners from harsh Superfund liability. Even where the landlord loses its BFPP protection, the new EPA enforcement guidance memo allows tenants to hold onto it, assuming the tenant can meet certain requirements. Traditionally, a tenant derived [...]
Category: Administrative Procedures Act - APA, Bankruptcy and Environmental Law, Environmental Due Diligence, Environmental Risk & Insurance, Federal Environmental Law, Superfund (CERCLA & State Superfund) |
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Tags: brownfields cleanup, CERCLA, CERClA liability, cleanup removal, contaminant, cost recovery action, environmental, environmental requirements, environmental site assessment, groundwater contamination, hazardous waste, potentially responsible party, property, PRP, real estate transaction, strict liability
Matthew Jokajtys | December 12, 2012
A federal court in New York recently decided that the migration of subterranean contamination onto a neighboring property was not, by itself, a sufficient basis to hold a neighboring landowner jointly liable for remediation costs under the federal Comprehensive Environmental Response, Compensation, and Liability Act (“CERCLA”).
Category: Environmental Due Diligence, Environmental Risk & Insurance, Federal Environmental Law, Real Estate Transactions & Environmental Law, Superfund (CERCLA & State Superfund) |
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Tags: CERCLA, CERClA liability, environmental, environmental site assessment, EPA, groundwater contamination, hazardous materials, hazardous waste, New York State Department of Environmental Conservation, potentially responsible party, PRP, real estate transaction, remediation, strict liability, superfund
James J. Periconi, Esq. | March 6, 2007
Pollution exclusions were first introduced in insurance policies beginning in the early-1970‚ to remove any doubt that may have existed in connection with coverage for damage caused by pollutants which were released as a normal part of the insured‚ business operations. By the late-1980‚ however, most insurance policies included ‚ absolute‚ pollution exclusions.
Category: Environmental Risk & Insurance, New York State Environmental Law |
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Tags: insurance policies, intentional discharges of waste, pollution exclusion clauses, unintended discharge of waste
James J. Periconi, Esq. | February 28, 2007
A typical Commercial General Liability (CGL) insurance policy includes two duties: (1) the duty to defend; and (2) the duty to indemnify. The duty to defend, when triggered, obligates the insurer to provide the insured legal counsel to represent them and to defend them from claims, including claims that may ultimately prove to invalid, or [...]
Category: Environmental Risk & Insurance, New York State Environmental Law |
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Tags: cgl, commercial general liability insurance, duty to defend, duty to indemnify, insurer insured, legal counsel
James J. Periconi, Esq. | February 23, 2007
A typical Commercial General Liability (CGL) insurance policy covers claims made by third parties for damages the insured party is legally obligated to pay as the result of an “occurrence” resulting
Category: Environmental Risk & Insurance |
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Tags: cgl, claims-made policy, commercial general liability insurance, environmental risk, occurrence-based insurance policies