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E-Waste Poses Environmental and Regulatory Challenges, Chubb Advises

By: via PR Newswire

PHILADELPHIA, June 27, 2016 /PRNewswire/ -- Pollution due to electronic waste (e-waste) continues to be a growing concern that has drawn the attention of federal and state regulators, according to a new advisory from Chubb. The U.S. Environmental Protection Agency estimates that e-waste is growing at a rate of two to three times faster than any other regulated waste stream.

Chubb

Authored by Chubb and ESIS, Inc. executives, the advisory, "Electronic Waste: Managing the Environmental and Regulatory Challenges," examines the environmental and legal risks businesses can face when disposing of electronic equipment such as mobile phones, computers, monitors and telecommunications equipment. The authors explain the need for proper electronic recycling or disposal of unneeded equipment or devices to avoid potentially serious pollution claims and legal actions.

"As technology advances, businesses are becoming increasingly reliant on electronic devices, but this reliance comes with an expanding risk of environmental and legal repercussions for not disposing of e-waste properly. Businesses need processes and practices in place to dispose of e-waste safely and minimize risk exposure. Due to the complexities of identifying, handling and disposing of e-waste, companies should work with specialists who can help develop and manage effective risk management strategies," said Frank Westfall, Vice President Environmental – Practice Leader, ESIS Health, Safety and Environmental. Mr. Westfall authored the white paper along with Jasmine Nasiri, Assistant Vice President for ESIS Health, Safety and Environmental Consulting Services; and Steve Piatkowski, Senior Vice President, Chubb Environmental.

To minimize liability, the white paper advises that businesses:

  • Understand the potential hazards associated with the disposal of electronic equipment;
  • Consider reuse programs before the disposal process;
  • Assess vendors that handle their e-waste and audit them throughout the disposal process;
  • Seek help from a provider with expertise in health, safety and environmental compliance services; and
  • Confirm that their insurance program provides appropriate coverage for e-waste exposures.

The full white paper can be read here.

About Chubb

Chubb is the world's largest publicly traded property and casualty insurer. With operations in 54 countries, Chubb provides commercial and personal property and casualty insurance, personal accident and supplemental health insurance, reinsurance and life insurance to a diverse group of clients. The company is distinguished by its extensive product and service offerings, broad distribution capabilities, exceptional financial strength, underwriting excellence, superior claims handling expertise and local operations globally. Parent company Chubb Limited is listed on the New York Stock Exchange (NYSE: CB) and is a component of the S&P 500 index. Chubb maintains executive offices in Zurich, New York, London and other locations, and employs approximately 31,000 people worldwide. Additional information can be found at new.chubb.com.

About ESIS

Organized in 1953, ESIS, Inc. (ESIS) provides customized risk management services. ESIS is a Chubb company. Chubb is the marketing name used to refer to subsidiaries of Chubb Limited providing insurance and related services. For a list of these subsidiaries, please visit our website at www.new.chubb.com. Additional information about ESIS, Inc. and its products and services can be found at www.esis.com.

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To view the original version on PR Newswire, visit:http://www.prnewswire.com/news-releases/e-waste-poses-environmental-and-regulatory-challenges-chubb-advises-300290601.html

SOURCE Chubb

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