Wrong Place, Wrong Time – 2024 Industry Trends!
Be ready when life happens. These industry-trend situations illustrate the variety of environmental exposures that could affect your customers!
An increased prevalence of remote and hybrid work as well as a shift away from in-person shopping is leading to obsolete office buildings and malls being repurposed to medical centers, schools and housing. Consider this…
During a partial office-to-apartment conversion project, the demolition subcontractor failed to properly identify and remove asbestos containing materials (ACM) prior to starting removal. Dust potentially containing ACM entered the HVAC system and was dispersed through occupied tenant suites in the same building. Claims of bodily injury, business interruption and cleanup were made by the tenants against the general contractor, developer and demolition subcontractor.
Each year there are additional class action lawsuits that draw public attention toward an environmental contaminant. Large cases like class action lawsuits can cause their own set of complications. Consider this…
A state-of-the art recycling center was receiving complaints from nearby residents about soot and other alleged toxic air emissions. Later that week, the insured was served with a putative class action lawsuit. The suit alleged property damage and bodily injury. Defense counsel was retained, and a costly defense was necessary to defend against the allegations in the complaint.
Brownfield redevelopment is nothing new to us. But as large companies continue to expand, the environmental risks associated with mega-warehousing are as relevant as ever. Consider this…
A contractor was hired to apply a special sealant to the road surrounding a new warehouse for a large retail company. During the process, nearby residents complained that the odors from the sealant were causing headaches and other medical issues. A claim was filed for the defense of the bodily injury lawsuit.
The effects of climate change continue to have an impact on environmental claims across the country. Consider this…
A large storm with high winds caused part of a residential building’s roof to become damaged. While the initial damage was immediately fixed, the contractor didn’t notice that water had leaked into some of the top units. A couple of months later, there was significant mold growth in some of the residents’ units that was allegedly causing illness. As a result, a claim had to be filed for cleanup and medical cost reimbursement.
Download the Industry-Trends Claims Scenarios here!
The claims scenarios depicted above illustrate the variety of environmental exposures your clients may face. All situations are unique! The terms, conditions, exclusions, and limitations in any policy may vary. Our team of experienced underwriters, dedicated claims handling unit and technical support staff understands these unique environmental exposures and can work with you to help tailor a policy to find acceptable coverage and claim solutions for your clients!
To help you address these as well as other environmental exposures with your clients, visit our Claims Scenario Library. You can find more examples illustrating the various environmental exposures that could affect your customers!
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