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Chubb expands environmental insurance coverage

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Chubb Ltd. on Monday said it has increased its environmental products distribution network to 48 branch offices from nine.

Chubb's premises pollution liability and other environmental insurance coverages and risk management solutions are available for firms of all sizes through its newly expanded distribution network, the insurer said in a statement.

Products and capabilities include:

• Premises pollution liability products for a variety of residential, commercial, retail and industrial environmental risks.

• Contractors pollution liability products, including stand-alone pollution or packaged pollution policies for practice or project specific environmental liabilities associated with day-to-day construction, remediation and/or consulting services.

• Underground and above-ground tank coverage.

• Environmental Incident Alert, a complimentary logistical environmental response program offering 24/7 immediate support for environmental releases of hazardous materials and other regulated substances, to which all new Chubb environmental policies receive access.

“As other insurers exit core lines of pollution liability coverage, Chubb remains committed to being a full-service provider,” Chubb Environmental Executive Vice President Craig Richardson said in a statement.

Earlier this year, American International Group Inc., which helped found the market in the 1980s, said it was leaving the pollution legal liability market in the United States and Canada.

Chubb said all products may not be available in all states, and surplus lines products are available only through licensed surplus lines producers.

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