CEA environmental liability report

Europe

As the European Commission is about to start legal action against the 16 EU Member States which have failed to transpose the Environmental Liability Directive by the 30 April 2007 deadline, the CEA, the European insurance and reinsurance federation, has published a report to provide a framework for discussion with key stakeholders on the insurance provisions of the Directive and to highlight areas in which insurers might provide affordable risk transfer solutions that meet the Directive’s two key requirements of sustainable development and environmental protection. The report also sets out the progress of Member States in transposing the Directive. By 1 January 2008 fewer than half of the Member States had enacted the Directive into national law.