Search
 

Marsh: Rethinking Environmental

Chris Smy & co. are securing clients by changing the dialogue around the P word and focusing on operational riskand having an in-house environmental-consulting firm doesnt hurt.

By Bryant Rousseau | Updated on February 04, 2013

The standard rap on Environmental insurance is that organizations only purchase it when they have to—required either by regulatory bodies or lenders to secure the coverage. That, in fact, was precisely the assessment of the line recently conveyed to PC360-NU by the chief underwriting officer at a top Pollution carrier.

But it’s a different story for at least some of the clients of Marsh, the dominant Environmental brokerage. “I can see why [that] perception would be there, but it’s a dated statement” that insureds rarely make discretionary buys, says Chris Smy, managing director and global practice leader for Marsh’s Environmental practice. “A lot of organizations now are focusing on the potential for their operations to cause environmental damage and on their potential to experience loss—and they are proactively managing that using insurance.”

Want to continue reading?
Become a Free
PropertyCasualty360 Digital Reader.

INCLUDED IN A DIGITAL MEMBERSHIP:

  • All PropertyCasualty360.com news coverage, best practices, and in-depth analysis.
  • Educational webcasts, resources from industry leaders, and informative newsletters.
  • Other award-winning websites including BenefitsPRO.com and ThinkAdvisor.com.

Already have an account?

NOT FOR REPRINT

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.

Recommended Stories

PropertyCasualty360

Join PropertyCasualty360

Don’t miss crucial news and insights you need to make informed decisions for your P&C insurance business. Join PropertyCasualty360.com now!

  • Unlimited access to PropertyCasualty360.com - your roadmap to thriving in a disrupted environment
  • Access to other award-winning ALM websites including BenefitsPRO.com, ThinkAdvisor.com and Law.com
  • Exclusive discounts on PropertyCasualty360, National Underwriter, Claims and ALM events

Already have an account? Sign In Now
Join PropertyCasualty360

Copyright © 2024 ALM Global, LLC. All Rights Reserved.