PHILADELPHIA, PA—ACE Group has issued an advisory discussing the current and emerging challenges faced by underground storage tank business owners and operators. The report examines changes in state and federal regulations, increased financial responsibility requirements and presents comprehensive strategies to better manage these risk exposures. The advisory also describes the importance of working with risk and insurance professionals to ensure that the right training, maintenance management, and appropriate insurance coverage are all in place.

“Storage Tanks: Overcoming the New Regulatory and Financial Hurdles,” was authored by Steven Piatkowski, vice president; Gerry Rojewski, vice president, chief underwriting officer; and Robert Winterburn, assistant vice president, product line management – tanks, all with ACE Environmental Risk. The advisory is part of a series of ACE papers that provide risk managers information on current industry topics.

“Because of the complexities involved in tank systems, new regulations, and economic ramifications, we have developed this advisory to help underground storage tank owners and operators better understand current challenges and steps they can take to protect their business and the environment,” says Piatkowski.