Start with an already competitive environmental marketplace.

Next, mix in increased claim activity in certain areas and asignificant carrier exit from the U.S./Canada site pollution/pollution legal liability market; throw in some high-profile newsevents like the Flint, Mich., water crisis and a steady streamof pipeline leaks; and top it off with an incoming president whospoke during the campaign of gutting the Environmental ProtectionAgency, and you have what was an … active 2016, to put itmildly.

Or, as Willis TowersWatson states in its “Marketplace Realities 2017” report, “Be readyto navigate the most dynamic conditions (market exits/entries,personnel changes, emerging exposures, appetite shifts) everexperienced in the environmental insurance market.”

AIG exit from mono-line PLL market

In the site pollution, or pollution legal liability (PLL)marketplace, the big story in 2016 was AIG'sFebruary announcement that it was exiting the mono-line PLL marketin the U.S. and Canada. Yet the bigger story might be what happenedafterward: As Joe Constantine, senior vice president and casualtybroker at AmWINS Brokerage inSeattle, states in AmWINS' latest “State of the Market” report,“When AIG pulled out of the market, it had absolutely no hardeningimpact.”

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