Environment & Energy Report

Home Insurance Co. Could Pay $27 Million for Six Superfund Sites

Dec. 4, 2018, 4:19 PM

A handful of Superfund sites around the country are slated to receive $27 million from Home Insurance Co., which is being liquidated.

The sites in Pennsylvania, Washington, California, Texas, Kentucky, and Florida could benefit from a proposed settlement between the company and the federal government, to be published in the Federal Register Dec. 5.

New Hampshire’s insurance commissioner, who is acting in his capacity as the liquidator in Home Insurance’s case, is seeking approval from New Hampshire Superior Court in Merrimack County to finalize the agreement.

The Superfund sites that would receive varying amounts of the $27 million are:

  • Sharon Steel Corp. Farrell Works Disposal Area, Hermitage, Pa.,
  • Lower Duwamish Waterway, Seattle, Wash.,
  • San Gabriel Valley Area 2, Los Angeles, Calif.,
  • U.S. Oil Recovery, Pasadena, Texas,
  • Lee’s Lane Landfill, Louisville, Ky., and
  • Petroleum Products, Pembroke Park, Fla.

At each site, Home Insurance Co. insured at least one company that was potentially responsible for contamination. Those companies are Sharon Steel Corp., Manson Construction and Engineering Co., Duwamish Shipyard Inc., Azusa Pipe & Tube Bending Corp., Explorer Pipeline Co., Louisville Varnish Co. Inc., and Shaw Trucking Inc.

The proposed settlement will be open for public comment for 30 days before it is finalized.

The case is In re Liquidation of The Home Ins. Co., N.H. Super. Ct., No. 217-2003-EQ-00106, 11/21/18.

To contact the reporter on this story: Sylvia Carignan in Washington at scarignan@bloombergenvironment.com

To contact the editors responsible for this story: Gregory Henderson at ghenderson@bloombergenvironment.com; Andrew Childers at achilders@bloombergenvironment.com; Chuck McCutcheon at cmccutcheon@bloombergenvironment.com

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