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

People & Company News

USCG Respopnds to Sunken Vessel Near Sitka, Alaska

The Coast Guard is responding to the sinking of a fishing vessel in Kelp Bay near Sitka Friday. Coast Guard personnel from Sector Juneau, the Coast Guard

Next LCS to be Named USS Minneapolis/St. Paul

Secretary of the Navy Ray Mabus announced today that the next Freedom-variant littoral combat ship will be named USS Minneapolis/St. Paul (LCS 21). The future Minneapolis/St.

Hapag-Lloyd Adds 6,000 Reefer Containers

In order to profit from the growing reefer markets in South America and Asia, Hapag-Lloyd has ordered 6,000 cutting-edge reefer containers – more than ever before in the company’s history.

Environmental

Mississippi River Closed Due to Collision, Spill

A unified command team continues its response Friday to an oil spill in the Mississippi River following a collision between two towboats at mile marker 937 in Paducah

Ballast Water System Retrofits for 11 Containerships

Eleven container vessels owned by Bernhard Schulte GmbH & Co. KG, based in Germany, are to be retrofitted with Wärtsilä Aquarius Ballast Water Management Systems (BWMS), Wärtsilä announced today.

U.S. Coast Guard Responds to Collision Near Paducah

On-scene assessment teams have reported the maximum estimated potential clarified slurry oil released from the tug collision is now 250,000 gallons, Thursday. The

 
 
Maritime Contracts Maritime Standards Naval Architecture Offshore Oil Pod Propulsion Salvage Ship Electronics Ship Repair Ship Simulators 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: 0.1479 sec (7 req/sec)