As your environmental team member it is our job to keep you posted on changes in the environmental market place.
AIG Environmental announced a decision yesterday, January 27, 2016 that they are no longer writing standalone pollution legal liability (PLL) policies also referred to as site pollution coverage. Our understanding at this time is AIG will honor renewals until roughly June 1st, 2016 at which time they will place their PLL business into a runoff.
We work with over 30 environmental insurance markets and will be able to seamlessly move your AIG PLL accounts to other carriers. Based upon our experience in writing PLL (site pollution) policies we should have no problem replacing your coverage with another competitive program from a different carrier.
I want to stress that as we know today this only applies to mono-line PLL policies (site pollution) and does not pertain to its EAGLE (combined PLL/GL) product. AIG will continue to offer their Eagle product moving forward.
We will keep you informed as we hear more. This is just another example why having a team member who specializes in the environmental marketplace is essential to your success.