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Important Changes in the Environmental Marketplace

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As we approach the end of the year, we want to report on some important industry news. We’ve seen a number of challenging situations on recent accounts and are hearing from our carrier partners that appetites and market conditions are evolving. Some specifics include:

  • The Auto market continues to be unstable with increased rates or exiting certain classes.
  • Carriers reducing Excess capacity or removing Excess limits altogether.
  • We are seeing more conservative underwriting for certain industries.
  • Many environmental carriers are offering less capacity/limits.

Other considerations for the environmental space

There are some significant hurdles affecting the insurance industry, including the increase in natural disasters and other climate change related events, cyber threats, unclear standards for certain contaminants, and a surge in litigation for pollution incidents. All of these issues will affect businesses for years to come.

These on-going concerns are a key reason why it is crucial to partner with an experienced environmental specialist. Our team is the best in the business and can help you navigate these situations for both new business and renewals. Not only do we bring solutions to your accounts, we bring value to the partnerships between you and your insureds.

Let us know if you have anything on your desk we can help with. Our team is available and ready to assist.

Type: Blog