Reenvisioning the Role of Insurance in the Midst of a Climate Crisis

Reenvisioning the Role of Insurance in the Midst of a Climate Crisis

It’s difficult to argue that we’re feeling the impacts of climate-related risks and liabilities across all sectors of the insurance industry. However, we are also seeing many opportunities industry-wide to innovate and bring new products and solutions to the market.  According to a recent McKinsey article, in the face of the current global...

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Northwestern U. Chemists Discover Simple Way to Destroy ‘Forever Chemicals’

Northwestern U. Chemists Discover Simple Way to Destroy ‘Forever Chemicals’

PFAS (per-and polyfluoroalkyl substances), commonly used manufactured chemicals, are often called “forever chemicals,” because they can’t be safely destroyed and take thousands of years to break down naturally.  Found in everything from our drinking water to common household products like cookware, cosmetics, and upholstery fabrics, PFAS have...

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Green Construction Projects Come with New Materials, Methods, Risks

Green Construction Projects Come with New Materials, Methods, Risks

Green construction is growing, as companies strive to create more sustainable, energy-efficient, resilient buildings. As this article outlines, however, sustainable construction projects use new technologies, materials, and construction methods that create unforeseen challenges and risks: Most sustainable production plants use emerging...

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5 Reasons Pollution and Environmental Claims are Rising

5 Reasons Pollution and Environmental Claims are Rising

Environmental insurance (also known as Pollution insurance) provides coverage for loss or damages resulting from the unexpected release of pollutants, including claims for bodily injury, property damage, cleanup costs, and business interruption. It's important to know that standard General Liability and Property insurance policies exclude most...

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How Rising Sea Levels Will Impact Property & Environmental Insurance

How Rising Sea Levels Will Impact Property & Environmental Insurance

Climate change has been making headlines recently, and now experts predict that global warming will lead to substantial sea level rise in the coming years. In fact, scientists are forecasting a one-foot rise in sea level over the next 30 years. To put this into perspective, government agencies including NASA, NOAA, and USGS, anticipate that the...

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PFAS: How “The New Asbestos” Will Affect the Insurance Industry

PFAS: How “The New Asbestos” Will Affect the Insurance Industry

This past month, the Biden administration announced a three-year plan to regulate and reduce the use and spread of PFAS, while also doubling down on cleaning up PFAS already released into the environment. These toxic chemicals are widely used in many consumer and industrial products and are linked to numerous serious health conditions. Due to...

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5 Cyber Trends Your Insureds Need to Know

5 Cyber Trends Your Insureds Need to Know

Hackers recently used ransomware against a major gasoline pipeline to halt distribution, costing the company millions of dollars and creating chaos across the southeastern United States. A cyber attack on the world’s largest meat producer last month also forced the shutdown of all its U.S. beef plants, wiping out production from facilities that...

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5 Reasons Pollution and Environmental Claims Are Rising

5 Reasons Pollution and Environmental Claims Are Rising

Increasing natural disasters and folk hero icons like Greta Thunberg have recently made climate change a major topic in the media. Also increasing over the last few years are environmental insurance claims, while capacity is shrinking at the same time (Willis Towers Watson). According to Risk and Insurance, there are a few reasons for the rise in...

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Top 5 Solar Industry Trends for 2021

Top 5 Solar Industry Trends for 2021

While some industries are struggling in 2021 in the wake of the pandemic, renewable energy is expected to generate more revenue this year. Many new construction projects designed to help businesses move toward carbon neutrality were halted in 2020, and they’re expected to resume in 2021. In addition, the new Biden administration plans to bring...

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The Grass is Always Greener With Pollution Coverage

The Grass is Always Greener With Pollution Coverage

Pollution liabilities can impact almost all business types – and if not properly protected, the financial consequence of a loss could cost millions of dollars. Clean up expenses, litigation and fees add up quickly; and that doesn’t even factor in the risk to professional reputation and public image. It is essential that your commercial clients...

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