XL Insurance Unveils Environmental Insurance Program for Warehouses and Distribution Centers

    EXTON, Penn., Aug. 5 /EMWNews/ -- XL Insurance, XL Capital

Ltd's global insurance operations, today announced the availability of a

specialized environmental insurance program that addresses pollution

liability and clean-up expenses for US warehouses, storage and distribution

facilities.



    Underwritten by Greenwich Insurance Company and Indian Harbor Insurance

Company, the environmental insurance policy provides coverage for

remediation expense, bodily injury and property damage, and legal defense

for pollution conditions resulting at or from the insured warehouse or

distribution center. Both companies are member insurers of the XL Capital

Ltd group of companies.



    "While environmental incidents tend to be low frequency events for

businesses, when they do occur they can be high cost events that can

severely impact a company's profitability," said Rich Corbett, head of XL

Insurance's Global Environmental Insurance unit.



    "Tasked with storing products that can often pose pollution risks,

operators of warehouses and distribution centers often pay close attention

to the proper storage and handling of possibly harmful materials to prevent

such incidents," said Mr. Corbett. "Likewise, as a result of what they have

witnessed or read in news reports, warehouse operators have a growing

concern about the potential pollution conditions that could stem from

products stored at their facilities if they suffer a catastrophic event

such as fire, flood or windstorm."



    "With XL Insurance's new environmental insurance program, warehouse and

distribution center operators have an affordable option to enhance their

environmental risk management efforts with environmental insurance that can

help to quickly and effectively address an environmental incident, should

it occur," Mr. Corbett added.



    Common environmental risks faced by warehouses and distribution centers

include:



    -- Spills or leaks during the loading or unloading of materials from

trucks and railcars




    -- Contamination as a result of a fire at the facility

    -- Waste from on-site vehicle or forklift maintenance and storage

    -- Gradual leaks from material containers stored at the facility

    "This is particularly worthwhile coverage for facilities when they

realize the limited environmental insurance coverage that their general

liability (GL) insurance offers," said Mr. Corbett. "Most GL policies offer

very limited or no environmental insurance coverage at all as a result of

policies' absolute pollution exclusion."

    About XL Insurance



    "XL Insurance" is the global brand used by member insurers of the XL

Capital Ltd (NYSE: XL) group of companies. More information about XL

Insurance is available at http://www.xlinsurance.com. Through its operating

subsidiaries, XL Capital Ltd is a leading provider of global insurance and

reinsurance coverage and services to industrial, commercial and

professional service firms, insurance companies, and other enterprises on a

worldwide basis. More information about XL Capital Ltd is available at

http://www.xlcapital.com.