Published by Insurance Business America on May 31, 2016
Environmental coverage going mainstream, says Beacon Hill Founder Pritchard
Bill Pritchard, founder and CEO of environmental specialist Beacon Hill Associates, said that environmental insurance was something of an unknown quantity in decades past, but that the market for environmental coverage has stabilized and become very competitive as insurers have realized that it is not the scary proposition it was once thought to be.
“In the early days, environmental insurance was kind of scary to a lot of companies. I think they have come to realize that true environmental firms that do environmental work have very well trained, well-paid people, and very little turnover,” Pritchard said. “Environmental companies ended up being better risks than people thought they would be, and they are good accounts.” Read the complete article >>