As this article explains, environmental litigation is increasingly acting as a structural forecasting variable.
Key Issues:
- Plaintiff classes have expanded
- Scientific standards are becoming more reliable
- Judicial rulings are allowing cases to proceed
Carriers have:
- Added exclusions
- Raised deductibles
- Increased underwriting scrutiny
- Limited coverage windows for emerging contaminants
The questions:
- Are you exposed?
- Does your existing forecasting model adequately account for the potential impact of an environmental litigation event?