When concerns are raised about potential undetected pollution during the sale of an industrial-property site, the buyers lender typically requires its client to purchase Pollution insurance before the lender will finance the deal.

Aided by low pricesand large uncovered losses caused by recent eventsEnvironmental carriers and producers see opportunity to expand purchases by new business classes, including health care, higher ed & hospitality

While companies face many environmental regulations and challenges that are specific to their industries, there are some best practices when it comes to managing Pollution risk that cut across all business sectors, experts say.

Managing environmental risk can take many different forms as organizations wrestle with challenges that vary widely depending on the industry they are in, the rules under which they operate and the loss-prevention strategies that work best for the specific perils they face.

As more insurers compete for less construction business, project owners and general contractors can find ample Builders Risk insurance at reduced or stable rates for projects that are not exposed to catastrophes, market executives say.

Reinsurers earnings rebounded during the first half of 2012, a function of relatively low catastrophe losses so far this year and higher rates in the aftermath of the colossal natural-catastrophe losses that pounded the insurance industry in 2011, according to John Welch, president of XL Re America Inc.

The spate of natural catastrophes last yearwhich caused more than $100 billion of insured damagehas fundamentally impacted the reinsurance industrys perception of risk, says Karl-Heinz Jung, CEO of Allianz Re Asia Pacific.

Some insurers cover Business Interruption or Contingent Business Interruption (CBI) losses that do not result from actual physical damage to a policyholders or its suppliers property.