Environmental claims are increasing, by frequency and severity of loss, according to a recent survey by global risk management company Willis. The survey, Index for Environmental Insurance, indicated that for the second quarter of 2006, the recent pace of claims is higher than in previous years because of rapidly changing environmental legislation and increasing public awareness of environmental issues.

Willis’ Index provides a quarterly update on several issues affecting the London underwriting market, based on a survey of insurers within various specialty lines, including environmental. According to a recent release, claims are on the rise, and Willis said it looks like the trend will continue.

Want to continue reading?
Become a Free
PropertyCasualty360 Digital Reader.

INCLUDED IN A DIGITAL MEMBERSHIP:

  • All PropertyCasualty360.com news coverage, best practices, and in-depth analysis.
  • Educational webcasts, resources from industry leaders, and informative newsletters.
  • Other award-winning websites including BenefitsPRO.com and ThinkAdvisor.com.

Already have an account?

 

PropertyCasualty360

Join PropertyCasualty360

Don’t miss crucial news and insights you need to make informed decisions for your P&C insurance business. Join PropertyCasualty360.com now!

  • Unlimited access to PropertyCasualty360.com - your roadmap to thriving in a disrupted environment
  • Access to other award-winning ALM websites including BenefitsPRO.com, ThinkAdvisor.com and Law.com
  • Exclusive discounts on PropertyCasualty360, National Underwriter, Claims and ALM events

Already have an account? Sign In Now
Join PropertyCasualty360

Copyright © 2023 ALM Global, LLC. All Rights Reserved.