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AIG Environmental Risk Assessment Audits

AIG Environmental Risk Assessment Audit Project Image

Farallon has conducted environmental risk assessment audits for AIG Insurance to identify environmental risks and liabilities associated with the operations of a variety of small- to medium-sized businesses for development of environmental insurance coverage costs. The businesses have included regulated and non-regulated operations such as industrial manufacturing and storage, bulk marine fuel storage, chemical blending, container shipping, seafood processing, asphalt plants, and lumberyards located in Washington, Oregon, and Alaska. Farallon coordinated on-site inspections with the owner/operator to evaluate existing operations, reporting requirements, waste-handling practices, and environmental management practices.

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The audits have identified potential environmental liabilities and risks that could affect insurance coverage costs. Farallon met with each of the owner/operators to discuss BMPs for ongoing operations, revisions to reporting documents, and overall management practices that would result in decreased potential environmental risk that lowered insurance premiums. Farallon contacted each of the owner/operators 6 months after the audit to confirm that the BMPs recommended were being properly implemented.

Expertise

Services Utilized

Due Diligence

We perform and manage Phase I ESAs and Phase II subsurface investigations for residential, commercial, agricultural, and industrial properties throughout the United States and Canada.

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Environmental Evaluation

Working closely with our clients, we tailor Environmental Evaluations to meet their goals and objectives. We develop limited due diligence scopes of work that provide detailed information about a property and the surrounding area. The...

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People

Meet Our Experts

headshot of Tina Huff Tina M. Huff Principal Regulatory Specialist, Director of Business Development

Tina is an environmental professional with over 19 years of experience in environmental due diligence and environmental regulatory compliance. Tina has provided technical services regarding environmental...

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