One Size Shouldn't Fit All: Aboveground Storage Tank Risk-Based Integrity Assessments
January 18, 2017
For companies that have above ground storage tanks (ASTs) containing petroleum products and hazardous materials it is vital to have a proper integrity testing and inspection program in place. The consequences of tank failures can be drastic, with the potential to destroy a corporate image, create safety and human health risks, incur environmental remediation expenses, and result in other pollution-related legal liability.
Not only does having risk management procedures in place minimize potential costs involved with loss of product and site remediation, but it also helps reduce operational downtime, inspection costs, and business interruption. Additionally, it’s important for AST operators to understand and comply with the various regulations and standards associated with their tanks to avoid regulatory agency fines and penalties.
There are numerous facets that must be evaluated when implementing an adequate risk based AST integrity testing and inspection program – from the age and design of the tank to the potential consequences of a release. An effective risk-based inspection program can help improve inspection schedules and establish a useful life expectancy of the tank. In order to have an effective testing and inspection program, an organization should involve qualified personnel in the program development, inspection and review. Further, training programs for staff involved with the operation of the tank should incorporate written procedures/guidance, especially in regards to emergency spill response. When utilized correctly, risk based AST testing and inspection programs can play a great part in determining an organization’s long-term success.
Americans with Disabilities Act-related lawsuits and claims against designers are on the rise, along with the associated costs.
“The possibility of an ADA claim should be on every design professional’s radar screen,” says David Sofaer, Esq., claims specialist for AXA XL’s Design Professional group. “These
When Microsoft released patches on January 14, 2020, it revealed one of the most critical vulnerabilities it has discovered in years. The company confirmed a serious security vulnerability in the way Windows CryptoAPI (Crypt.dll) validates Elliptic Curve Cryptography (ECC) certificates, disclosed to
California Dreaming: Insuring contractors’ complex risk more completely
January 21, 2020
Micah Eubanks has big dreams for 2020. A 20-year insurance industry veteran, Micah joined AXA XL as senior underwriter for primary casualty on the North America Construction team in June 2019, joining AXA XL’s Los Angeles office. Now, with six plus months under her belt here, she’s eager to help contractors