WQIS Broadens Coverage

Friday, October 12, 2001
The U.S. has the most stringent marine pollution liability laws of any country on the planet. But now the states are making the laws even tougher for the marine community. WQIS, the Water Quality Insurance Syndicate, announces two new insurance endorsements to protect the marine community from increased state legislation.

WQIS provides a new option to cover state spill requirements even when they are broader in scope than the Federal Oil Pollution Act of 1990 (OPA 90). In the past, when a federal officer signs off on effective cleanup of a spill and a state official demands further cleanup, the assured has been unprotected for additional cleanup costs. WQIS' broader in scope coverage removes the gap that exists between new state requirements and federal legislation.

WQIS also provides a new option to cover state civil fines and penalties. In recent years, states across the country have become more active in writing laws dealing with pollution. As part of this development, they have been imposing a growing number of civil fines and penalties. Additionally, these civil fines and penalties have been for higher dollar amounts. The states of Texas and New York are among the more active in assessing fines. For example, on consecutive days, Texas recently assessed a spill penalty of $10,000 for a 3,000 gal. fuel spill from a dredge and $5,000 to a seafood operation for a discharge into Texas waters during a fuel transfer. Legislation is on the books in states like California and Maryland to assess penalties of $30 to $100 per gallon spilled, which can create assessment fines of millions of dollars. "We saw that many assureds were being hit with these fines and penalties on top of the more traditional ones and that it was creating a real hardship. With this coverage, we are helping to close a gap created by some states' new laws," says Rich Hobbie, the president of WQIS. To assist brokers and assureds in understanding the requirements of each state in which a vessel operates, WQIS launches a new website, www.wqis.com, with a powerful, interactive State Law Directory. Brokers and assureds can select a state and learn immediately if state requirements are broader in scope than federal requirements and find what remedies are available.

Maritime Reporter April 2015 Digital Edition
FREE Maritime Reporter Subscription
Latest Maritime News    rss feeds

People & Company News

BIMCO Welcomes EU Decision on Migrants

BIMCO has stated today that it appreciates the new efforts by EU leaders to reduce increasing reliance on merchant shipping to rescue the growing numbers of

Long Beach, Los Angeles ports host forum to gather input

More than 100 cargo owners, trucking firm leaders, longshore labor, marine terminals and other goods movement industry representatives turned out Wednesday for

Arctic Nations to Fight Climate Change Despite Russia Tensions

The eight Arctic Council nations pledged on Friday to do more to combat climate change that is shrinking the vast frigid region, with countries trying to put

Environmental

IMO Calls for Environmentally Sound Ship Recycling in Bangladesh

The  International Maritime Organization (IMO) and the government of the People’s Republic of Bangladesh are jointly implementing a project entitled “Safe and

BIMCO Welcomes EU Decision on Migrants

BIMCO has stated today that it appreciates the new efforts by EU leaders to reduce increasing reliance on merchant shipping to rescue the growing numbers of

Long Beach, Los Angeles ports host forum to gather input

More than 100 cargo owners, trucking firm leaders, longshore labor, marine terminals and other goods movement industry representatives turned out Wednesday for

 
 
Maritime Careers / Shipboard Positions Maritime Contracts Maritime Standards Naval Architecture Pipelines Pod Propulsion Port Authority Ship Simulators Shipbuilding / Vessel Construction Winch
rss | archive | history | articles | privacy | contributors | top maritime news | about us | copyright | maritime magazines
maritime security news | shipbuilding news | maritime industry | shipping news | maritime reporting | workboats news | ship design | maritime business

Time taken: 0.1465 sec (7 req/sec)