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Zurich Launches Two New Insurance Products to Support CCS Projects
Tuesday, January 20, 2009
Article Type: Reprinted
Zurich Financial Services Group, a property and casualty insurance provider, has announced the availability of its Carbon Capture and Sequestration Liability Insurance and Geologic Sequestration Financial Assurance offerings.
These products are designed to meet the insurance needs of carbon capture and sequestration (CCS) projects from design over operational phases through to closure and post closure events at the geologic storage sites.
Lindene Patton, climate product officer for Zurich, said: "We are proud to add these new products to enable the use of this new climate risk mitigation technology. Their creation exemplifies the best of what Zurich has to offer, the ability to deliver innovative risk management solutions to the most difficult climate-related challenges our customers are facing."
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