The focus of this panel session was to provide attendees with an up-to-date analysis of market conditions and policy forms, necessary modifications to wrap the financial and insurance protection around the project, contractual and operational risks and a discussion on project and facility bonding. The risks assumed by companies working in this business sector are unlike those faced by any other industry. A keen understanding of risk transfer solutions and possible contract negotiations is vital to all companies working in this business sector. The following topics were covered in this session:  

Overview of the Current Insurance Status of the Insurance and Surety Bond Market;  An Understanding of the Underwriting Process – “From Rejection to Acceptance”; Professional & Contractors Pollution Legal Liability; Site Pollution Legal Liability; Contract Surety – Bid, Performance and Payment Bonds; Financial Assurance for Radiological Waste Processing;  Contract Rules of Engagement for Insurance and Bonds and “Decisions Involve Risks”.   Panelists included: Jim Gilley, Senior Vice President - Energy & Environmental, Wells Fargo Insurance Services; Glynis Preister, Manager - National Environmental Practice, Wells Fargo Insurance Serivces; Bob Patterson, Regional Manager, Berkley Specialty Underwriting Managers and David Rose, Rose Consulting Law Firm.