National Underwriter Property & Casualty-January 2013-Special

Issue Gallery ›

  • Industry Alignment


    Of the 25 industry classes in which Marsh has a dedicated practice, many of them have significant Environmental risks: agriculture, construction, technology, manufacturing, hospitality and many more. And the Environmental practice does align very strongly with our industry focus here at Marsh, says Chris Smy, managing director and global practice...

  • Best Practices in Environmental Risk Management

    Dave Lenckus

    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.

  • The Environmental Claims Picture

    Dave Lenckus

    When it comes to environmental losses, one clear trend is we are seeing a lot more claims, says Chris Smy, a managing director and the global Environmental practice leader at Marsh. Historically, Environmental insurance is perceived to be a high-severity, low-frequency [risk]. But as the business has moved toward more...

  • Environmental Oversight

    Dave Lenckus

    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

  • Covering Contamination Claims Stemming from Sandy

    John Heintz, Jared Zola

    Superstorm sandys recent strike hit the most densely populated area of the country, causing loss of life, destruction and dislocation on a massive scale. Recovery efforts are still ongoing, and the storms economic impact will be felt by businesses and individuals across the country for some time.

  • Marsh: Rethinking Environmental

    Bryant Rousseau

    Chris Smy & co. are securing clients by changing the dialogue around the P word and focusing on operational riskand having an in-house environmental-consulting firm doesnt hurt.

  • Innovation Engine: Marsh Forges New, Unique Environmental Products

    Bryant Rousseau

    Given the breadth of its client baseand the complexities of Environmental exposuresits inevitable that Marshs clients will encounter risks for which no insurance solution exists. In these situations, the Environmental practice, which prides itself on its innovation, will work to develop a risk-transfer product that addresses the gap and then...

  • Top 10 Environmental Trends

    Bryant Rousseau

    Here is a snapshot view of some of the key emerging issues in Environmental cover that came up in PC360-NUs in-depth meetings with members of Marshs Environmental team.

  • From the Military to Marsh: Meet Chris Smy

    Bryant Rousseau

    Chris Smy, global practice leader for Marshs Environmental team, is the first to describe his own path to his current position as unusual. After a long stint in the British armed forces, Smy wanted the next phase of his career to align with the intellectual stimulation he found in science...

  • Little Appetite for Fracking

    Dave Lenckus

    Big energy companies typically self-insure and do not purchase Pollution insurance, experts note. Some second-tier energy companies, however, do tap the Environmental insurance market, says New York-based broker Catherine OLeary, vice president of the Environmental division at Frenkel & Co. Inc.

  • Key Coverage Trends

    Dave Lenckus

    Insurers typically write Pollution on nonadmitted paper, so underwriters can manuscript coverage to a policyholders particular needs.

  • Environmental’s Evolution

    Dave Lenckus

    The current appetite for Environmental coverage among carriers couldnt be more unlike the insurance market a generation ago.

  • Case Studies in Environmental Risk Management

    Dave Lenckus

    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.

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