Constructive criticism needed from CEA on ELD risks

Constructive criticism needed from CEA on ELD risks

Constructive criticism needed from CEA on ELD risks

The CEA has been criticised for its ‘negative’ approach to mandatory financial security for ELD liabilities and challenged to come up with constructive alternatives by leading environmental liability lawyer Professor Valerie Fogleman, Consultant, Stevens & Bolton LLP and Professor of Law, Cardiff University, at CRE’s Malta International Risk & Insurance Congress.

Commission should leave cover for ELD risks to market forces-expert says

Commission should leave cover for ELD risks to market forces-expert says

Commission should leave cover for ELD risks to market forces-expert says

Following a recent report from the European Commission on the Environmental Liability Directive (ELD) that suggests it is considering intervention to help develop an insurance market to address the regime’s liabilities, Phil Bell, Group Casualty Director at Royal Sun Alliance and Chairman of the CEA’s general liability steering group, argues that it should be left to market forces.