1. Environmental
  2. Are brokers overlooking environmental insurance?

“I think what most people do not understand is the breadth and vastness and how it can be used”

Environmental

By Mark Schoeff Jr.

Demand for environmental insurance seems to be growing at a slower pace than rising political concerns about climate and increasing liability costs related to damaging land, air and water. Part of the reason may be that insurance brokers don’t know much about the coverage.

“The demand, ironically, is very low,” said Angela Oroian (pictured above, left), director of internal operations and marketing at American Risk Management Resources Network. “It is not because there isn’t a need for environmental insurance or that there isn’t availability. The demand is low because there’s a lack of knowledge of the product line by the general insurance sales distribution channels.”

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