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Click through to check out biographies of the brokers, carrier executives and risk managers dealing in Environmental insurance who offer their perspective throughout PC360-NU’s January digital issue. The subjects also offer additional thoughts on this line, including their views on why more clients should strongly consider this relatively inexpensive but highly valuable coverage.
PC360 speaks with Bill Pritchard, president of Beacon Hill Associates, a wholesale broker specializing exclusively in environmental-insurance solutions for commercial insureds. He addresses capacity, pricing, emerging risks, and top-of-mind concerns among both buyers and carriers.
Drought, heat and hot wind conditions racked up $17.3 billion in insured crop losses last year, according to the Natural Resources Defense Council.
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. But it’s a different story for at least some of the clients of Marsh, the dominant Environmental brokerage.
Beacon Hill's producers talk about what they are seeing in the market, noteworthy trends, and give their "take" on the environmental insurance marketplace.
Problems experienced by internet users across the Eastern U.S. appear to have eased, with most sites back online after web-hosting services were invaded by hackers.
Waves of DDoS attacks shut down swatches of the internet on Friday, prompting the need for the insurance industry to issue standard cyber liability coverage forms.