Environmental Mock Claims Analysis

Environmental risks have earned a reputation for undermining a wide range of business activities. Given the tremendous potential for unanticipated environmental losses, multitiered claims and high-priced litigation, environmental risks have prompted organizations to seek protection through a variety of risk transfer methods. The insurance community has in turn responded with the creation of a progressive menu of project-specific and entity-specific environmental insurance products that can help provide financial security to those organizations exposed to real or perceived environmental risks. What are these products and how do they work? The following mock claim analysis (MCA) highlights some of the risk issues and the insurance solutions.