Are brokers overlooking environmental insurance?
Source: https://www.insurancebusinessmag.com/, April 5, 2024
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.” Read more.
