The conference will be held at the Hyatt Regency Boston
Robert M. Horkovich
Anderson Kill P.C.
The Current Solutions in Environmental Claims
This panel will address the current issues facing the risk management community regarding environmental claims. New government initiatives related to global warming, RCRA, and even recently court approved private “voluntary” initiatives present fresh challenges to those attempting to manage risks. Solutions to those problems and techniques of dealing with the claims that have worked (and those that have not worked) will be discussed. The objective is to give the risk management audience a better understanding of the new challenges presented in the environmental area and ideas as to how to address them.
Vita DeMarchi &
Synapse Partners LLC
Managing Partner & Corporate Councel
Coastal Climate Risk & Resilience in Commercial Lines
Climate resilience requires adaptation in the insurance industry; by underwriters who need to capture the cost of logarithmic increases in catastrophic natural disaster events, brokers who need to understand and discuss climate risk factors with the insured, and the insured, who can make material and physical property adaptations that could lessen a climate related loss. Nothing speaks to the bottom line and identifies the cost of climate risk better than a claim. Through evaluation of relevant climate-related claims along coastal regions in the US, key questions arise that demonstrate opportunity for adaptation throughout the industry: 1) What climate risk factors played a role in the loss? 2) Can the cost of the loss be quantified in underwriting? 3) What adaptation and resilience measures could the insured implement to reduce loss in the future? Claims provide valuable lessons that lead to change. Insurance producers need to be well versed or seek industry specialized expertise to qualify and quantify climate-related risk and coverage options to advise the insured. Risk Managers can work with insureds to manage risk by implementing loss control programs designed to minimize a climate-related loss. Insurers can seek ways to incentivize the insured for implementing a loss control plan around climate-related risks. Although climate risk and the increased cost of related losses is now being widely discussed in the insurance industry, especially in the insurer arena, the ability to adapt through loss control actions at the insured level needs to be bridged. Insurance producers who understand environmental risk and the insurer’s developing climate risk product appetite are positioned to build that bridge and create “boots on the ground” resilience in the industry. Vita DeMarchi is a Managing Partner and Risk Manager at Synapse. Vita provides scientific and engineering expertise to qualify and quantify environmental risks in commercial lines. Brendan Cotter is Corporate Counsel for Synapse. Brendan conducts claims and litigation research to assess current market conditions and emerging markets. Synapse is an asset rich, independent specialty wholesale insurance brokerage dedicated to serving our retail partners and their valued clients. Our Mission is to provide the highest level of expertise and service in the specialty insurance marketplace by building and nurturing the best people and partnerships.
Underwriting Manager, Environmental EMEA
Whistle-stop tour of international countries and the different mandatory financial guarantees/ mandatory environmental insurance schemes put in place by governments. Talk through of the positives and challenges of the schemes and a look at whether financial assurance schemes deliver or hinder better risk management. Plan would be a presentation with country reviews and interaction at the end in form of Q&A. For information, my role is Head of International Environmental and I look after all non North America countries and therefore have a wide perspective on the varied financial guarantees put in place/ planned.
The Fedeli Group
VP of P&C Environmental Risk Management
Emerging Risk – Brownfield, Habitational, Underwriting
Three Case Studies illustrate opportunities in Emerging Spaces 1 Villages, Cities, Counties, States – What don’t neighbors know about each other? Leveraging them together for potential Brownfield success? 2. What are some waste haulers slipping into contract language that create sales opportunity? 3. EIL coverage being written on Bigger Complex sites with a Phase I. Who is fooling who?.
BSc, MSc, MBA
Environmental Practice Leader
The Role Of Environmental Insurance In A Changing Climate
Overview of current science, impacts to business, challenges with existing market solutions, discussion of market opportunity.Obejectives will be how a changing climate impacts business, Challenges with the underwriting process, and market Oppotrunities
Catherine N. Pierce
VP The Vertex Companies, Inc.
Peter J. Mintzer
Partner, Selman Breitman LP
Assistant Vice President, AIG (claims)
Persistent Claims and Coverage Issues
Interactive panel-style discussion with three panelists and VERTEX moderating. Two (2) questions will be posed. The questions highlight two claim and coverage challenges that are holding steadfast in the Environmental Insurance space. The following questions will be posed by the moderator, followed by input from each panelist as well as the moderator: 1. What are some of the challenges that arise from the underwriting and application process? i.e. misrepresentation, rescission, documentation limitations. 2. How are historic discharges being handled – are we doing things differently based on what we’ve learned over the years about the complexities that arise when multiple discharges are identified and/or when contaminant plumes have co-mingled? Focus on monetization.
Alba Risk Management Services LLC
Captives, Escrows and other Alternatives to Traditional Environmental Insurance
This session will identify and discuss Alternatives that have been created in the wake of Traditional Environmental Insurers’ 2011 exit from offering Cost Cap Insurance and their 2016-present “hardening” of other products (e.g., PLL) needed to develop Brownfields and other contaminated properties. As examples, it will focus on an EPA-approved Cost Cap alternative at a site that, in Oct. 2018, won EPA’s 1st Annual Federal Facility Excellence in Site Reuse Award, and a PLL Supplement/Alternative that, in Dec. 2018, was also approved by the federal government for use in a $1.7B redevelopment of 97 contaminated acres. The approaches used by these and related products that will be discussed have proven to result in cleanups that are less expensive, quicker and better.
The Effects of Climate Change on the Insurance Industry and Considerations for Underwriters
Climate change is widely recognized as a significant global issue with potential risks to life, health, property, and the environment. The increase in frequency and severity of natural disasters impacts all aspects of the insurance industry, from underwriting to claims and even the carrier’s investment portfolio. Roux will give a four-person presentation briefly summarizing observed climate trends and discussing in depth how these changes in climate impact the insurance industry as a whole. Roux will deliver a comprehensive representation of arising challenges, incorporating emerging research from leaders in academia and the insurance industry. Existing risk and catastrophe models will be evaluated, and climate change variables that can inform future risk-based models will be discussed. The major takeaways from this discussion can be used by underwriters as a loss control tool to adequately incorporate climate change into their policies.
Certified Methamphetamine Inspector and Decontamination Specialist
Methamphetamine Contamination as an Emerging Environmental IAQ Issue
The content of the presentation will focus on methamphetamine contamination as it relates to properties where meth labs have been seized but also properties that have tested positive for meth contamination as a result of meth use (often times by a tenant). We will illustrate how meth contamination is distributed (both in labs and with use), how it is tested for, how it is remediated and how to limit tail end liability as an insurer especially given that meth claims are generally a covered loss despite assumptions that they aren’t. Our presentation will include a powerpoint, videos showing actual meth contamination sites and their remediation and reviewing real claim scenarios in which inexperience resulted in unnecessary claim payments.
Hinshaw & Culbertson LLP
Emerging Legal Trends And Allocation Disputes In Environmental Claims
A discussion of the recent legal trends and allocation disputes in environmental claims. An update on case law addressing allocation related issues such as the so-called unavailability exception and allocation theories with respect to policyholders and as among different coverage lines. An analysis of the emerging theories looking back to historical coverages and forward to an exploration as to what may come.
Mike Gill &
Synapse Services, LLC
Oil and Gas – Emerging Trends in the Environmental Insurance Market
Covering issues of CPL and PLL
Adam Dolan & Paul Knobbe
Goldberg Segalla LLP
Marijuana: Emerging Environmental Challenges for the Insurance Industry
Goldberg Segalla LLP Partners Larry Mason and Paul Knobbe will co-present dividing the emerging risk topic of Marijuana: Emerging Environmental Challenges for the Insurance Industry into two primary areas: environmental impacts of the marijuana industry and cannabis business insurance coverage issues. The co-presenters will encourage a highly inter-active audience exchange of ideas as they explore this topic aided by a PowerPoint presentation. Of likely potential interest to attendees is the fact that little is known about the long-term impacts of the cannabis industry on the environmental; land-use policy and environmental regulation is in its infancy. Lessons learned from other agricultural risks as well as a specific analysis of marijuana business requirements will be examined to predict risk challenges for cannabis growers. The insurance industry’s response to this emerging risk is evolving and provides a timely opportunity to explore issues such as judicial conflicts emanating from cannabis coverage and how the current regulatory environment has caused insurers to cautiously expand risk offerings to cannabis-related businesses.discussion of the recent legal trends and allocation disputes in environmental claims. An update on case law addressing allocation related issues such as the so-called unavailability exception and allocation theories with respect to policyholders and as among different coverage lines. An analysis of the emerging theories looking back to historical coverages and forward to an exploration as to what may come.
Environmental Project Failures (aka “Troubled Environmental Projects)
This session will explore why, over the past 30 plus years, site remediation projects and Brownfield development projects have a history and reputation of costing more than anticipated, taking longer to complete, generating claims and often resulting in complete failure. The session will provide specific examples of the industry, experience and contract fundamentals that are not properly addressed and the risk assessment and management techniques and insurance options that can prevent and mitigate the impacts of these types of unsuccessful projects.
University of Michigan
Environmental Insurance in China
I will provide an overview of the environmental insurance market in China from aspects of government policy, market development, and business opportunities. I have been doing research on environmental risk assessment and environmental insurance as a means to mitigate environmental risk with a focus on China. I am excited to share my view on the environmental insurance market in China.
Divisional Vice President/Executive Underwriter
Great American Insurance Group
Senior Production Underwriting Manager
Great American Insurance Group
2020 Emerging trends in environmental exposures and coverage solutions – A carrier’s perspective
This session will talk about the “new issues” of 20202
- Understand the characteristics of these new and exotic contaminants
- Understand the latest emerging trends in environmental insurance
- Identify potential claims scenarios related to emerging issues
- Discuss environmental risk mitigation strategies for these trends
Construction Lawyer & Risk Management Consultant
Tara Cruz | AmWINS Brokerage of New England
Trevor Poole | BEAZLEY GROUP
Design Professional’s duty to design to mitigate against damages from extreme weather events