Aon, Albuquerque, N.M.
A Broker who Loves to Dig Deep
Talk about digging up valuable information for a client!
One of Karen Cunningham's clients, Dona Ana County, N.M., owned land that had been declared a Superfund site by the Environmental Protection Agency. As such, the county was required to pitch in with the clean-up costs of the contamination that stemmed from back in the 1950s.
Cunningham, an account executive with Aon Risk Solutions, employed a research firm to scour court records, county commission records and other sources to identify several carriers of policies before 1986 that included broader pollution wording and therefore, some sort of potential coverage.
Ed Fridenstine, Dona Ana County's director of risk management, said that he believes the county now knows of 12 policies that could potentially cover the county's portion of the clean-up costs.
"Of course, an insurance company doesn't want to open their books from 30 years ago and start paying, but for the most part, they'll probably end up doing just that," Fridenstine said.
Cunningham has also been helpful in helping Dona Ana County place insurance for a regional waste and wastewater utility agency that's currently being formed out of two existing public entities.
"It's probably not the most desirable piece of business for an insurance broker to do, but she's being very generous in helping us pull it all together," Fridenstine said.
February 21, 2012
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