Environmental liability

Copyright © 2025 LexisNexis

Environmental liability insurance

Environmental liability insurance (ELI) covers losses resulting from pollution and contamination. ELI policies may cover both gradual events and sudden incidents. This type of insurance is relevant for any business whose activities might cause environmental damage. For example, companies involved in drilling, oil transport or fracking may require ELI. For further information on when to obtain ELI, see Practice Note:

To view the latest version of this document and thousands of others like it, sign-in with LexisNexis or register for a free trial.

Existing user? Sign-in TAKE A FREE TRIAL
Powered by Lexis+®
Latest Insurance & Reinsurance News

Insurance & Reinsurance weekly highlights—24 July 2025

This week's edition of Insurance weekly highlights includes: National House Building Council v Peabody Trust, and Bath Racecourse Company Ltd v Liberty Mutual Insurance Europe Se; case analysis from 7 King’s Bench Walk on the Russian aircraft claims case (Aercap v AIG); UK landlords face group claim over 'hidden' insurance fees; Insurers keen on UK captive regime but fear gold-plating; PRA confirms May 2026 start for general insurance stress test; Retail insurance market: FCA publishes package of reports on cost pressures, claims handling failings and pricing reform impacts; What insurers can do to prepare for PRA 'solvent exit' rules; EIOPA consults on rules for resolution colleges and reporting requirements under IRRD; EIOPA publishes statement with findings on climate risk integration in insurers’ ORSAs; European Commission seeks views on Solvency II proposals, plus dates for your diary and key recent cases.

Racecourses lose early fight in £80m coronavirus (COVID-19) insurance dispute

Law360, London: A racecourse business shuttered during the coronavirus (COVID-19) pandemic on 22 July 2025 lost its case that £2.5m insurance limits applied to every cancelled race, with a London court ruling that each event was not a separate point of loss.

PRA finalises UK ISPV reforms with fast-track authorisation and updated prudential guidance

The Prudential Regulation Authority (PRA) has published policy statement PS9/25 and supervisory statement SS2/25. PS9/25 sets out the PRA’s final policy following consultation CP15/24 on proposed changes to the UK Insurance Special Purpose Vehicle (UK ISPV) regulatory framework. It aims to enhance the safety and soundness of the insurance sector by providing cedants with access to more diversified reinsurance capital, while also enabling the UK to play a larger role in the global Insurance Linked Securities (ILS) market by simplifying and enhancing the attractiveness of establishing UK ISPVs. The reforms introduce an accelerated pathway for certain UK ISPV applications and streamline the standard application process and senior management requirements. The final rules and policy material are effective on 24 July 2025.

EIOPA publishes follow-up report on outsourcing under Solvency II

The European Insurance and Occupational Pensions Authority (EIOPA) has published the follow-up report to its 2022 peer review on outsourcing under Directive 2009/138/EC (Solvency II), assessing the extent to which national competent authorities (NCAs) across the European Economic Area (EEA) have implemented the 77 recommended actions. The report confirms substantial progress, with 51 actions assessed as fulfilled, 22 as partially fulfilled and four as not fulfilled. It highlights improvements in regulatory tools, guidance and internal procedures, including structured notification processes and enhanced documentation requirements. Areas identified for further attention include off-site supervision, full operationalisation of supervisory tools and consistent embedding of internal procedures. EIOPA recommends that NCAs continue to build on existing structures and systems and will monitor implementation efforts, with the possibility of issuing targeted guidance or facilitating best practice exchange.

View Insurance & Reinsurance by content type :  
News
Practice notes
Precedents
Q&As

Popular documents

If a rentcharge is shown as being informally exonerated on title information, does this apply to the

If a rentcharge is shown as being informally exonerated on title information, does this apply to the current registered owner? Or does the informal exoneration only apply to the parties to the document which informally exonerated the rentcharge?This Q&A considers the situation where, at some

Strike out—making an application to strike out a statement of case

Strike out—making an application to strike out a statement of caseA strike out order can be made either following an application by the parties or on the court's own initiative. This Practice Note deals with the scenario of the order being made following a party's application.Making an application

Contributory negligence in personal injury claims

Contributory negligence in personal injury claimsContributory negligence is a partial defence which can lead to a discount in damages.Other defences may also be relevant. See Practice Notes: Did the claimant consent to the risk of injury? and Was the claimant involved in an illegal activity?If a

Can shares in a limited company that have not been paid-up at all be cancelled?

Can shares in a limited company that have not been paid-up at all be cancelled?A limited company having a share capital may not alter that share capital, except in the ways listed in section 617 of the Companies Act 2006 (CA 2006). Shares in a company cannot simply be cancelled without following an
If a rentcharge is shown as being informally exonerated on title information, does this apply to the

If a rentcharge is shown as being informally exonerated on title information, does this apply to the

If a rentcharge is shown as being informally exonerated on title information, does this apply to the current registered owner? Or does the informal exoneration only apply to the parties to the document which informally exonerated the rentcharge?This Q&A considers the situation where, at some

Strike out—making an application to strike out a statement of case

Strike out—making an application to strike out a statement of case

Strike out—making an application to strike out a statement of caseA strike out order can be made either following an application by the parties or on the court's own initiative. This Practice Note deals with the scenario of the order being made following a party's application.Making an application

Contributory negligence in personal injury claims

Contributory negligence in personal injury claims

Contributory negligence in personal injury claimsContributory negligence is a partial defence which can lead to a discount in damages.Other defences may also be relevant. See Practice Notes: Did the claimant consent to the risk of injury? and Was the claimant involved in an illegal activity?If a

Can shares in a limited company that have not been paid-up at all be cancelled?

Can shares in a limited company that have not been paid-up at all be cancelled?

Can shares in a limited company that have not been paid-up at all be cancelled?A limited company having a share capital may not alter that share capital, except in the ways listed in section 617 of the Companies Act 2006 (CA 2006). Shares in a company cannot simply be cancelled without following an