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Filter Through the Pollution Market

Environmental experts agree that 2012 will be the year of the rate increase for pollution-related coverages. This presents both challenges and opportunities to independent agents, who must help customers understand the realities of the marketplace.

By William Pritchard Jr.,ERM | Updated on January 31, 2012

Understanding the developing trends in any market segment is critical to having a successful year. 2012 promises many changes in the insurance industry, but particularly in the environmental segment. Events are finally moving the business in a positive direction, and now is the time for agencies to get on board with the huge opportunities presented by pollution coverage.

This market shift creates great opportunity. Significant growth is expected in the overall services industries as contractors ramp back up in the improving economy. The need for contractors’ pollution liability (CPL), CPL with E&O, and CPL with premises pollution will continue to grow, as will the value of each account written.

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