For weeks on end in 2010, livefootage of a ruptured pipeline spewing oil underwater in the Gulfof Mexico served as a 24/7 reminder of the potential forenvironmental devastation. Underwriters and brokers dealing withEnvironmental insurance initially feared the worst in terms of thedisaster's impact on the industry.

“Everyone thought it would be the 'Katrina' for EnvironmentalLiability,” recalls Marla Donovan, head of product development atBurns & Wilcox.

But while the images of the Deepwater Horizon spill werestriking, the multi-billion-dollar event had surprisingly littleeffect on the Environmental sector.

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