Financial reporting for environmental claims
Editor’s Note: As federal courts convict the participants in the various financial scandals that rocked the corporate and financial accounting worlds the last several years, there also will be increased attention on the reporting of environmental liabilities.
Insurance notice obligations
In the environmental area, many policyholders seek coverage under their comprehensive general liability (CGL) policies for environmental claims.
Supreme Court will hear global warming case
Just as this issue is going to press, the United States Supreme Court agreed to resolve the pending dispute related to the scope of USEPA’s regulatory powers with regard to carbon dioxide, one of the principle greenhouse gases emitted from motor vehicles.