Premium rates remain flat or down slightly for preferred classes of mono-line pollution business in the Environmental insurance market, according to Willis' 2016 Marketplace Realities report.
In addition, sustained construction activity and soft market conditions have fueled demand for Contractors' Pollution Liability products and Builders' Risk coverages, especially in conjunction with wrap-up products, Willis says.
With demand high and customers becoming more educated on Environmental cover, expertise becomes increasingly valuable in a market that's keeping a watchful eye on claims.
Below, a summary of findings from Willis' 2016 Marketplace Realities and AmWINS Fall 2015 State of the Market reports on the Environmental insurance market.
(Click image to enlarge.)
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Shawn Moynihan
Shawn Moynihan is Editor-in-Chief of National Underwriter Property & Casualty. A St. John’s University alum, Moynihan has earned 11 Jesse H. Neal Awards, the Pulitzers of the business press; seven Azbee Awards, from the American Society of Business Press Editors; two Folio Awards; and a SABEW award, from the Society of American Business Editors & Writers. Prior to joining ALM, he served as Managing Editor/Online Editor of journalism institution Editor & Publisher, the trade bible of the newspaper industry. Moynihan also has held editorial positions with AOL, Metro New York, and Newhouse Newspapers. He can be reached at [email protected].
