X

Thank you for sharing!

Your article was successfully shared with the contacts you provided.
An illustration depicting a thriving environment on top, then a dead environment on the bottom, seemingly due to pollution. Toxic waste barrels litter the ground in the bottom part of the illustration. An increase in lawsuits involving pollution liability claims and greater severity in judgments are also driving growth in the environmental liability market. (Credit: Shutterstock/Lightspring)

The environmental liability insurance market is experiencing significant growth due to several convergent factors impacting the supply chain and construction sector.

Passage of the Infrastructure and Jobs Act in November 2021 has cleared the way for a construction boom fueled by a $1 trillion investment in the United States’ critical infrastructure. Many of these projects will create exposures that necessitate — either by contractual obligation or pragmatic self-interest — protection in the form of environmental liability insurance.

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 © 2022 ALM Global, LLC. All Rights Reserved.