Welcome to SEIP
Expanding the use of environmental insurance as a risk management tool through education, technology, resources, innovation, and networking
The Society Of Environmental Insurance Professionals (SEIP) is a 501 c.3. nonprofit association dedicated to helping its members utilize environmental insurance products to provide more valuable services to their customers. SEIP enhances the professional capabilities of its members through focused educational forums, technology enhanced knowledge management, and access to specialized multi-disciplined resources in fields related to environmental risk management.
A number of specialized environmental insurance policies have been developed to address the environmental liability faced by insureds as a result of the pollution exclusion. The article examines pollution insurance policies, environmental regulations, the environmental risk management process and environmental loss exposures.
Expert Witness Committee
The expert witnesses assembled by the Society Of Environmental Insurance Professionals are a unique talent pool with hands on experience on thousands of environmental insurance placements spanning more than twenty years. Members of the SEIP expert witness subcommittee have testified in both state and federal courts.
SEIP hosts a number of forums that focus on environmental insurance and related topics. At these conference’s attendees are presented with the educational tools to be more effective in the use of environmental insurance. Emphasis is placed on innovative, state of the art solutions that the practitioner can efficiently implement.
Organizations with environmental exposures or with real estate/acquisition plans that might make them start thinking about environmental exposures have several options for including environmental insurance in their risk transfer portfolio. An evolving marketplace is changing the value of those options and may push insurance buyers to revisit their thinking.
There were more changes in environmental risks and in the environmental insurance market in 2016 than there have been in any year since 1997. This is an exciting time to be in the environmental insurance business.
Insurers covering environmental exposures are getting worried about the growing number of mold claims, particularly in the hospitality sector, although the market overall remains competitive, experts say.
History proves that there is a pattern of mistakes made by insurance buyers that lead to an unnecessarily uninsured environmental loss. With a few simple corrections, the majority of uninsured environment losses over the past 20 years could have been insured, often at bargain-basement prices.