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Market Checkup: Environmental Cover

The demand for environmental liability is strengthening, but the policy limits being purchased and renewed are decreasing.

Among the most interesting developments in environmental liability coverage is that the recovering economy is turning businesses from window-shoppers into buyers. According to Marsh’s analysis of the environmental market, demand for environmental insurance across all U.S. industries increased in the first half of 2013, a qualitative assessment based on the broker’s assessment of activity, placements and dialogue with insurance carriers.