White Paper

As Frequency and Severity of Pollution Claims Rise, Environmental Insurance Is Finding the Tools to Move Forward

Pollution claims are growing in severity and frequency, but at PHLY Insurance, the underwriting team is working hard to get clients what they need.

By: Philadelphia Insurance Companies

White Paper Summary

Environmental insurance has come a long way since its advent in the late 1980s, emerging largely in tandem with the formation of the United States Environmental Protection Agency (EPA) and the inception of environmental law.

“When environmental insurance began, regulations were limited, and enforcement focused on very specific industrial exposures. Such exposures were identified via permitting of operations and backed by requirements of financial assurance mechanisms through federal law under the Resource Conservation and Recovery Act (RCRA),” said Jamie Langes, Assistant Vice President in the Environmental Division with Philadelphia Insurance Companies.

“Over time, with an increased understanding of how industry processes and chemical use interacts with the environment, more insureds’ exposures have become monitored by regulatory provisions.”

To learn more about Philadelphia Insurance Companies, please visit their website.

Philadelphia Insurance Companies (PHLY) offers product-specific resources, alliances, and service capabilities to achieve a multi-faceted approach to risk management, including safety program development, site audits, and training (including interactive web-based training). We offer a wide range of products and value-added services at financial terms to be agreed upon to help you achieve your risk management goals.