Environmental liability insurance premium levels show signs of bottoming out, but there are no indications rates will go up, according to a survey of the four London Market environmental carriers.
And while premium levels appear to be stabilizing, the coverage being offered has been "significantly enhanced and expanded," the Willis Environmental Index produced by London-based brokerage Willis Group Holdings found.
The quarterly survey conducted by the firm's Financial Executive and Professional Risks (FINEX) division asks participants for their views on the underwriting market over the past three months and their predictions for the next three months.
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