Finite risk products can play a role in environmental coverages, but carriers are proceeding with caution to make sure they pass regulatory scrutiny.
State and federal regulators have forced numerous restatements by insurance carriers whose use of such products did not provide enough risk transfer to merit the favorable accounting that is entailed.
David Bennink, who heads up Chicago-based Aon's environmental unit, stressed the word "blended" must be used in describing such products in the environmental realm.
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