Sentences with phrase «environmental liabilities reserve»
Participated in Environmental Liabilities reserve program for the company and save the company several million dollars over a 15 year period.
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Liability estimates for environmental and asbestos exposures include case basis reserves and also reflect reserves for legal and other loss adjustment expenses and IBNR
Liability estimates for environmental and asbestos exposures include case basis reserves and also reflect reserves for legal and other loss adjustment expenses and IBNR [DM: Incurred But Not Reported] reserves.
IBNR reserves are based upon our historic general liability exposure base and policy language, previous environmental loss experience and the assessment of current trends of environmental law, environmental cleanup costs, asbestos liability law and judgmental settlements of asbestos liabilities.
«There would be a lot of focus on the evaluation of the reserve, the land tenure, the licences, the royalties and the statuses of the joint ventures, permitting, environmental compliance and then the assessment of all the liabilities, whether they're accrued or contingent,» says Philippe Tardif, a business law partner in the Toronto office of Borden Ladner Gervais LLP.