Insurance Coverage During Environmental Deregulation: Challenges and Adaptations
Source: https://www.jdsupra.com/, February 27, 2025
By: Michael Blumenthal, McGlinchey Stafford
Environmental insurance plays a critical role in managing the financial risks associated with environmental liabilities. It provides coverage for pollution incidents, cleanup costs, and legal defense expenses, offering a safety net for businesses and promoting environmental responsibility. However, the landscape of environmental insurance is significantly influenced by the prevailing regulatory environment. Periods of environmental deregulation, characterized by the relaxation or removal of environmental protection laws and regulations, present unique challenges to both insurers and policyholders. Read more.