In the latest edition of the environmental insurance power panel, experts from leading firms WTW, Lockton, and Gallagher gathered to discuss pressing issues in the field. The panel, held in the second quarter of the year, focused on trends in claims, coverage challenges, and disputes with insurance carriers.
The discussion highlighted how the environmental insurance landscape is changing. Experts shared insights on the rising frequency of claims and the evolving nature of coverage requirements. They pointed out that as environmental risks grow, the insurance industry must adapt to meet these challenges.
One key topic was the disputes that have arisen between policyholders and insurance companies. The experts emphasized the need for clearer communication and understanding of policy terms to avoid conflicts. They also discussed the importance of staying informed about regulatory changes that could impact coverage.
This panel serves as a critical platform for industry professionals to exchange ideas and strategies. By addressing these challenges, they aim to improve the overall health of the environmental insurance market and better serve their clients.
As the conversation around environmental insurance continues, the insights shared by these experts will be vital for navigating the complexities of the industry. Their collective knowledge will help shape future practices and policies as the sector evolves.