White Paper

Redeveloping the Urban Core

Environmental insurance is proving helpful in addressing challenges facing urban redevelopment.
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White Paper Summary

One of the most common challenges that continues to plague developers and property owners is urban fill. Often found in older areas with a history of  commercial or industrial use, it is also commonly found at waterfront properties, where lower elevation areas were raised above potential flood levels and/or to facilitate construction.

The geotechnical and chemical characteristics of urban fill are unpredictable.

This uncertainty, sometimes even at well characterized sites, has resulted in costly pollution liability claims that have included unplanned remediation,  third party bodily injury and property damage claims, construction delays, business interruption and legal liability expense.

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AXA XL, the property & casualty and specialty risk division of AXA, provides insurance and risk management products and services for mid-sized companies through to large multinationals, and reinsurance solutions to insurance companies globally. We partner with those who move the world forward. To learn more, visit www.axaxl.com.

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The R&I Editorial Team can be reached at [email protected]