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New Environmental Insurance Will Ease Military Cleanup

Date: January 3, 2002

Source: News Room

To help contain the expense of cleanup activities at an unused army barrack in Lompoc, Calif., an environmental insurance program is providing a financial cushion and liability protection as part of an innovative fixed cost remediation agreement. ECS Inc., one of the nation's major providers of environmental insurance, designed the program exclusively for Arcadis G&M and its Guaranteed Fixed Price Remediation Program. Arcadis G&M's GRiP is being implemented in the cleanup of the former U.S. Disciplinary Barracks near Lompoc. The 2,875-acre facility was used as a military detention center. When cleaned up, a portion of the site will be transferred to the U.S. Bureau of Prisons. For one fixed price, Arcadis' fixed-price remediation program provides all investigation, remediation, and regulatory services that will be necessary for environmental cleanup of one particular contaminated site at the former military base. ECS designed the GRiP insurance program to offer Arcadis protection against potential cleanup cost overruns and provide insurance coverage for first-party (on-site) and third-party (off-site) coverage for remediation expenses, bodily injury, property damage and legal defense expenses. More information: www.ecsinc.com.

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