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Insurance breaks



Pat,

You can find some very nice case studies courtesy of the Washington State
Department of Ecology at:
http://www.ecy.wa.gov/biblio/99437.html
<http://www.ecy.wa.gov/biblio/99437.html> 

Related docs (explaining the relationship between P2 and insurance) are docs
99434, 99435, 99436, 99438, 99440

Also, you might be interested to read the article below about P2/insurance
in Massachusetts.

Deborah E. Savage, Ph.D.
Senior Scientist
Tellus Institute
11 Arlington St.
Boston, MA  02116-3411
USA
tel:  617-266-5400 xt 281
fax:  617-266-8303
email:  dsavage@tellus.org

State planning insurance incentives for green companies

              By Jay Lindsay, Associated Press, 01/24/01

              BOSTON -- Massachusetts has played host to some of the
              nation's worst examples of corporate pollution, from General
              Electric's PCB dumping in the Housatonic River to the alleged
              contamination of Woburn water by W.R. Grace and Beatrice
              Foods.

              But a new state plan, to be introduced Wednesday, aims to
              prevent the growth of that dubious legacy by offering
insurance
              incentives to companies that agree to be greener.

              Lower premiums, lower policy deductibles, and enhanced
              policy coverage are among the rewards available to companies
              who devise plans to cut down the use of toxic materials.

              It's way to use a company's profit motive to benefit the
              environment, Environmental Affairs spokesman Doug Pizzi
              said, adding that it has the dual benefit of stopping
pollution at
              the source, rather than after it hits the environment when a
              costly cleanup is required.

              "It benefits the environment and drives down the cost of doing
              business in the commonwealth," he said.

              The plan actually rewards companies for simply obeying the
              law. Any company that uses a certain amount of toxics is
              mandated to complete the very plan on toxics use reduction
              that makes it eligible for the insurance breaks.

              But it's important to promote compliance of the law, Pizzi
              said.

              "By doing this, you have reduced the amount of risk you are
              foisting on the public," Pizzi said. "You should be rewarded."

              Andy Irwin of Toxic Use Reduction Planners, which advises
              companies on how to cut down toxics use, said the plan helps
              his cause by offering a tangible benefit for good
environmental
              stewardship.

              "Anything that improves the economy of reducing toxics use
              has to be looked on favorably," he said.

              So far, four insurance companies -- Zurich U.S., AIG
              International, Kemper Environmental Inc., and ECS Inc. -- have
              agreed to participate in the program.

              The insurance companies benefit by an expanded market and
              decreased risks associated with lower toxics use, while the
              companies benefit from the incentives, Pizzi said. The state
              merely acted to bring the two sides together, he said.

              Pam DiBona, legislative director of the Environmental League
              in Massachusetts, hailed the plan as a positive step.

              But she added that companies should have to do more than
              merely submit a plan -- they should also be required to prove
              over time that their toxics use has declined.

              "It's a matter of following through as well," she said.

===================
-----Original Message-----
From: Pat Gallagher [ mailto:pat_gallagher@nmenv.state.nm.us
<mailto:pat_gallagher@nmenv.state.nm.us> ]
Sent: Thursday, March 22, 2001 12:57 PM
To: P2tech@great-lakes.net; nppr@great-lakes.net;
debbie.boger@epamail.epa.gov
Subject: Insurance breaks

Dear P2 Colleagues,

I received a request for information on companies or organizations that
may have received reduced insurance breaks by having an environemtnal
management system in place, pollution prevention programs in place or
other "beyond complaince" types of activities.

Any information you can provide would ge greatly appreciated!

Pat Gallagher
New Mexico Environment Department
505-827-0677