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A.M. Best Co. says it does not expect a significant number of rating actions, while Moodys Rating Service says the event is credit negative for insurers.

Insurance is estimated to cover about 75 percent of losses caused by record flooding in Alberta, Canada.

Insurance is estimated to cover about 75 percent of losses caused by record flooding in Alberta, Canada.

Minerals and other natural resources have made America a rich nation. To continue to thrive, these resources (and their associated risks) must be handled with care.

Each year many oil pipelines fail, spill crude oil and cause significant health and environmental damage all across the continental United Statesleading to hefty financial implications for oil companies, landowners, the government and insurers.

Each year many oil pipelines fail, spill crude oil and cause significant health and environmental damage all across the continental United Statesleading to hefty financial implications for oil companies, landowners, the government and insurers.

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.

Click through to check out biographies of the brokers, carrier executives and risk managers dealing in Environmental insurance who offer their perspective throughout PC360s January digital issue. The subjects also offer additional thoughts on this line, including their views on why more clients should strongly consider this relatively inexpensive but...