Don’t panic over mandatory ELD prospect says ACE

Don’t panic over mandatory ELD prospect says ACE

Don’t panic over mandatory ELD prospect says ACE

Insurance buyers should not fear an E.U.–wide mandatory financial guarantee scheme for Environmental Liability Directive (ELD) coverage that could, in fact, increase the number of carriers in the market and lower pricing for these new liabilities, an environmental expert at insurance company ACE told Commercial Risk Europe.

Buyers, insurers and brokers still grappling with ELD’s complexities

Buyers, insurers and brokers still grappling with ELD’s complexities

Buyers, insurers and brokers still grappling with ELD’s complexities

The Environmental Liability Directive (ELD) finally reached implementation in all 27 E.U. member states at the end of 2009, two years after its deadline, and questions have swiftly emerged about the preparedness of industry and the insurance market for this complex new regime.