VERTEX was contacted by an insurance carrier after their insured reported an explosion of a tanker trailer on their facility. The explosion severely damaged multiple trailers, aboveground storage tanks, storage containers, and buildings.
VERTEX reviewed $950,000 in costs allegedly associated with the environmental response to the explosion and resulting contamination condition. VERTEX identified approximately $350,000 in costs that were not related to remediation and/or appeared excessive in comparison to reasonable rates for similar services.
VERTEX’s thorough presentation of the facts and summary explanations resulted in a cost savings of approximately $350,000 for our insurance client.