Managing the risks associated with severe weather events, including the immediate and latent pollution unleashed by natural disasters, is a huge challenge.
Given that severe weather always has been a driver of property and casualty claims, it is no surprise that the insurance industry is carefully considering the impact of climate change.
With some insurance policies, the distinction between wind v. flood and the timing of resulting damage can be crucial in successfully obtaining insurance dollars to offset losses when the worst happens.
A crucial issue facing today’s corporate policyholders is whether their liability insurance policies will be available to defend against climate change lawsuits.
A look at the insurance coverages that will come into play in response to the largest oil spill in American history.