Natural Disaster Seasons Are A Great Time To Talk Pollution Insurance

Natural Disaster Losses Jump 25% in 2020
•2020 Represent the fifth costliest year for covered insurance losses since 1970.
•Swiss Re cautioned that climate change was expected to exacerbate Natural Disasters
ERMI continues to coach how Natural Disaster Seasons (NDS, i.e. Flooding, Tornados, Forest Fires, Hurricanes, earthquakes…) are a great time to talk pollution. Most pollution policies do not exclude Acts of God (i.e., Natural Disasters).
During NDS, national and local media are lighting up the airways / internet highway with all the pollution problems caused by natural disasters.
Note: Pollution losses tend to be a severity versus frequency issue.
Note: Under Federal law, property owners are ultimately responsible for the environmental condition of their property regardless of who or what caused the contamination.
It may not be until years later when the real estate owner goes to sell their property and an environmental site assessment unveils an environmental problem from pollutants deposited during NDS. Who’s responsible?
As your team member for all things environmental, let ERMI know how we can assist you to drive your sales during NDS.
https://www.barrons.com/news/disaster-linked-losses-in-2020-hit-187-bn-swiss-re-01608031808?tesla=y