This market briefing event will consider recent Environmental Impairment Liability (EIL) loss trends and will address the growing use and size of enforcement undertakings issued by the Environment Agency.
Mounting environmental pressures clearly signify the need for businesses to be constantly vigilant of the financial, legal and reputational effects of dealing with pollution events.
This IUA Market Briefing arranged by the IUA’s Non-Marine Environmental Committee (NMEC) will address recent Environmental Impairment Liability (EIL) loss trends, including through the use of claims examples. Specifically, it will consider where a claim may have been denied under a casualty policy, but would have been insured were an EIL policy in place.
This event will also consider in detail the dramatically increasing magnitude of fines for environmental offences and the growing use and size of enforcement undertakings issued by the Environment Agency in lieu of prosecution and what this might mean for insurers.