Market Insights

The environmental insurance market remains stable, with a broad range of carriers actively competing in the space. The presence of new entrants continues to exert downward pressure on rates. For primary casualty lines, pricing generally ranges from flat to 10% increases, depending on the nature and size of the insured’s operations and location. Excess (XS) pricing trends similarly, except when XS auto coverage is included, where pricing can vary significantly based on operations, fleet size and composition, as well as venue.

Learn more about what exactly a Phase I ESA is and, more importantly, what it isn’t. And delve into the reasons why new owners may not want to rely on the coverage and use it as legal defense in case of liability.