On May 11, 2017, the Insurance Commissioner of the State of California, in his capacity as the Trustee of the Mission Insurance Company Trust and Mission National Insurance Company Trust, filed a Motion to Approve Agreements with the United States concerning the Mission companies? insured? CERCLA liability at the Franklin Smelting Site and the Franklin Slag Pile Superfund Site, adjacent sites located in Philadelphia, Pennsylvania, and the Safety Light Corporation Superfund Site, located in Bloomsburg, Pennsylvania; these agreements will fund Superfund cleanup actions at the Franklin Slag Site, for contamination associated with the pile (with estimated costs potentially exceeding $24 million), and at the Safety Light Site, for soil and groundwater contamination (with estimated costs of at least $128 million). The Agreement also settles claims involving two Mission insured at two Sites in Region 10, with NOAA and DOI involvement. This is a direct implementation claim for the federal government which arises under the state receivership statute and the Federal Priorities Act.
The agreement provides for a total payment of $28.6 Million, and will be subject to a 21-day period of public comment, to be announced by DOJ in the Federal Register. Thereafter it will be submitted for approval by the Mission Liquidation Court (Insurance Commissioner of the State of Calif. v. Mission Insurance Company, et al., Case Nos. C 572 724 (Cal. Super. Ct.)), charged with resolving the liquida