The Society Of Environmental Insurance Professionals, Inc.(SEIP)’s Post

🌐 In the dynamic world of commercial real estate, environmental insurance plays a pivotal role, offering crucial protection and enabling secure investments. In this article in Insurance Business America, Christopher Alviggi, managing director and Environmental Practice Group leader at NFP, sheds light on how this specialized insurance is shaping the industry landscape. 🧩 As urban redevelopment increases, properties with complex histories are entering the market, making #environmental due diligence more critical than ever. Chris emphasizes, "Environmental conditions and known contaminations must be quantified and managed to safeguard all parties involved in the transaction." 🛡️ Why #EnvironmentalInsurance? Environmental insurance acts as a third-party conduit, facilitating negotiations and protecting both buyers and sellers from unforeseen liabilities. "It provides a crucial buffer, particularly when additional site testing reveals new complications," Alviggi explains. ✔️ The successful placement of environmental insurance hinges on a deep understanding of the intricacies of purchase and sales agreements. Aligning these contracts with the right insurance policies ensures comprehensive coverage and prevents potential misunderstandings during claims adjustments. 🤝 Join us in embracing the strategic value of environmental insurance in today's real estate transactions. Read more of Christopher Alviggi’s insights and learn more about how NFP is leading with innovative solutions in the field: https://lnkd.in/eQx5jNE3 #NFP #Insurance #PropertyandCasualty #Construction #Remediation #ESG #Mitigation #InsuranceIndustry #Contaminants #Chemicals #Retrenchment #Pollution #CommercialRealEstate #IndustrialRealEstate #Pollutants #DueDiligence #Contamination #InsuranceBrokers

Looking forward to this exciting conference and leading a discussion on the future of environmental pollution!

We’re just 4 weeks away from SEIP 2024, and the excitement is building! One session you won’t want to miss is Emerging Environmental Insurance Concerns: The Next Generation of Environmental Pollution. We are thrilled to have Victoria Spina from The Vertex Companies LLC leading this discussion. Tori will delve into critical topics such as Climate Disasters, Vulnerable Infrastructure, and Emerging Contaminants, providing invaluable insights into the evolving landscape of environmental risks and insurance solutions. Register TODAY! www.seipro.org/2024 #SEIP2024 #EnvironmentalInsurance #ClimateDisasters #VulnerableInfrastructure #EmergingContaminants #IndustryInsights

Environmental insurance coverage is a key component of a comprehensive business insurance program, protecting employers from potential contaminants that threaten their property and that they could be held liable for. What can companies expect from environmental insurance coverage in 2024? Lydia Zaharia, Regional Environmental Marketing Director Marsh McLennan Agency, elaborates in this Legal Dive article. #Environment #Trends

Call for Presentations: SEIP 2025 - Navigating Our Resilience We’re excited to announce our Call for Presentations! SEIP wants to hear from YOU! If you're a stakeholder with fresh ideas or innovative solutions that can help us navigate the future of environmental insurance, now's your chance to share and collaborate. https://lnkd.in/gqtHtjeC After the success of SEIP 2024's "Back to Our Future," where we reflected on the past to shape the future of our industry, we now turn our focus to the path ahead. In a challenging market, the environmental insurance industry has continuously demonstrated resilience, adapting to emerging risks, evolving markets, advancing technologies, and changing regulations. Join us at the Gaylord Rockies from June 25th to 27th, 2025, for SEIP 2025: Navigating Our Resilience — the premier conference dedicated to environmental insurance across all industry sectors. #SEIP2025 #EnvironmentalInsurance #CallForPresentations #Innovation #Resilience #IndustryFuture #GaylordRockies #ESG #Insurance #Stakeholders #Financialassurance #sustainability

ALIGNED Insurance works with many insurers who offer environmental site pollution insurance. These policies are designed to respond to pollution and environmental damage arising from the insured’s properties and associated business activities. Read more about site pollution insurance here https://ow.ly/bIPR50QkRyT

We’re just 4 weeks away from SEIP 2024, and the excitement is building! One session you won’t want to miss is Emerging Environmental Insurance Concerns: The Next Generation of Environmental Pollution. We are thrilled to have Victoria Spina from The Vertex Companies LLC leading this discussion. Tori will delve into critical topics such as Climate Disasters, Vulnerable Infrastructure, and Emerging Contaminants, providing invaluable insights into the evolving landscape of environmental risks and insurance solutions. Register TODAY! www.seipro.org/2024 #SEIP2024 #EnvironmentalInsurance #ClimateDisasters #VulnerableInfrastructure #EmergingContaminants #IndustryInsights

The environmental insurance market remains competitive, with stable pricing and robust capacity for both Pollution Legal Liability (PLL) and Contractors Pollution Liability (CPL). While median PLL rates rose modestly by 1.4% in Q1 2024, insurers are increasingly scrutinizing risks, driven by emerging hazards like PFAS and ethylene oxide, evolving litigation, and regulatory uncertainty. Despite these pressures, flexible coverage terms and multiyear policies remain available. Public awareness, ESG concerns, and investor pressure are prompting more companies to revisit environmental insurance options, particularly in M&A deals. For buyers, partnering with specialized brokers is key to navigating underwriting demands and securing tailored coverage. #environmental #energy #insurance #mergersandaquisitions #ESG

"My client does NOT have a Pollution Exposure" As this article from Rob Langtry & Mark Hayes explains Environmental Impairment Liability Insurance is "No longer the last item on the docket" and transactional liability is leading the market in highlighting why. However, it is important that Insurance Risk Advisors understand the risk exposure is not exclusive to Private Equity Transactions and a proactive approach to investigate the viability of operational Environmental Impairment Liability Insurance is vital. Business exposure relating to environmental impacts have grown significantly in intensity over recent years. This is particularly evident here in the Asia Pacific Region following increased frequency in natural disasters. We are now seeing trends around uninsured environmental risks, such as contaminated soil and groundwater, pollutant material containment and hazardous emissions following adverse weather events creating significant first party clean up liabilities for all types of businesses. Please feel free to reach out or attend our upcoming seminar in Brisbane to learn more. Liberty Specialty Markets (Asia Pacific) Liberty Mutual Insurance Liberty Specialty Markets Ironshore Insurance Liberty Mutual Global Risk Solutions Liberty Global Transaction Solutions National Insurance Brokers Association (NIBA) Steadfast Group Limited #pollution #contamination #environmentalinsurance #environmentalimpairmentliability #environmentalawareness #companydirector #environmentalregulations #insurancebroker #insurancecoverage #insuranceclaim #riskmanagement #emergencyresponse #claim #insuranceclaim #cleanup #insurance #learninganddevelopment #insuranceinsights #insurancenews #spreadtheword #insuranceinsights #myclientdoesnothaveapollutionexposure #pfas #mould #esg #australianbusiness #storm #flood #cyclone https://lnkd.in/gJC77ciM

ALIGNED Insurance works with many insurers who offer environmental site pollution insurance. These policies are designed to respond to pollution and environmental damage arising from the insured’s properties and associated business activities. Read more about site pollution insurance here https://ow.ly/OrMe50QkRQ3