Environmental clean up claims. An adjuster should always review all invoices associated with any aspect of the claim, including work associated with remediation, investigation, delineation, well installations or sampling. (Photo: Shutterstock)

Insurers know that some of the more expensive claims can be on the environmental side. When you take into account all the concerns that have an effect on their handling, it is easy for costs to snowball for the adjuster. There are many important considerations that can drive these costs up as these claims typically are based upon human health and the environment (clean soil, groundwater and air quality). Further, when you add in strict state and federal regulations, expenses can quickly escalate.

Adjusters though, have a duty to pay what is owed on a claim file and that all begins with knowledge. The more you know about these often-costly remediation projects, the more you can save.

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?


NOT FOR REPRINT

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.

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 © 2024 ALM Global, LLC. All Rights Reserved.