Issue | 

October 3, 2003

Following form excess liability product update

A number of AEGIS members have already purchased the new high excess liability product that’s been available through our syndicate since July. We appreciate your interest and support.

The policy wording tracks very closely to the standard AEGIS wording, adding only an absolute asbestos exclusion, an exclusion clarifying that D&O is not included, and a modified war exclusion required in the Lloyd's market. Employment Practices Liability is now available, and E&P companies can now participate in the program, subject to a special endorsement addressing their unique exposures.

The application process has been streamlined. The Syndicate requires a very brief, signed application. They also require copies of your current AEGIS excess liability policy, your most recent application, and any subsequent renewal applications (short form), which our underwriters in Jersey City can forward to the Syndicate upon authorization from the AEGIS member.

The final policy wording, along with the application, will be posted to our web site within the coming weeks. For more information, please contact David Croom-Johnson by e-mail or at 011.44.207.265.2130.

 

Claims Roundtables - "Statutory Defenses"

Please join us for the next roundtable seminar, “Statutory Defenses,” in our Jersey City office on October 23 – or in Houston at The Phoenix Tower on November 13. Our distinguished panel of claims, risk management and legal professionals will explore a broad range of statutory defenses that can be applied to avoid or reduce liability claims against utility and energy-related companies. For more information and to register online, please refer to the events calendar .

As always, you’re welcome to attend these seminars in person or by videoconference, and Continuing Legal Education (CLE) credits are offered. If you have any questions, please contact Elisa Santos via e-mail , or at 201.521.4628.

 

OPS Self-Assessment of Public Safety Awareness Programs

A number of industry members recently attended The Office of Pipeline Safety (OPS) meeting in Baltimore to discuss public safety awareness programs and the American Petroleum Institute's (API) Recommended Practice (RP) 1162. Highlights included:

  • Compliance with the public education requirements of the Pipeline Safety Improvement Act (PSIA) of 2002
  • Incorporation of all or part of RP 1162 into current OPS pipeline safety regulations
  • Implementation of American Petroleum Institute's RP 1162, Public Awareness Programs for Pipeline Operators

To learn how these issues affect your company and the requirements for completing a self-assessment of your company's current public safety awareness programs, visit the password-protected News & Research section.