Turning Point for Pollution Insurance

Despite the company's tightly wound risk-management structure, Currie acknowledges, the company can never truly transfer all its liability for its activities on the site. Even though Acordis no longer owns the property, he notes that government authorities retain the ability to press criminal charges against the company.

While insurance can be a "hell of an asset" against future hazards, adds Quanta's Welter, "after Enron, no one's going to eliminate that liability."

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