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The big spill: Environmental market update

Despite increased demand and claims activity, it's still a buyer's market in most areas of Environmental insurance.

By Michael P. Voelker | Updated on October 07, 2015

Five years after the Deepwater Horizon disaster, blackened beaches resulting from the worst oil spill in U.S. history have since been cleaned up—but the potential remains for businesses to wreak havoc on the environment.

Each of the past five years has seen numerous news reports involving pipeline leakage, industrial and agricultural discharge, and other pollution events. Just this past August, the Environmental Protection Agency accidentally released millions of gallons of chemical-laced water into the Animas River, highlighting the fact that even the most careful operations aren’t immune from inadvertently creating a crisis.

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