The rising costs of environmental cleanup, the growing number of rules and regulations, and the threat of litigation have all contributed to increased awareness of pollution issues.  No one industry is particularly at risk.  And even if a business is environmentally sound now, it doesn’t mean that it will continue to be five or 10 years from now - the laws might change or a contaminant might be found under the ground.

Originally Recorded By: 
 
Marcus Drew, Corporate Manager, Environmental Impairment Liability
 
Marcus has been with AIG EIL for 7 years, coming to AIG from environmental consultancy where he specialised in the investigation and remediation of brownfield sites and environmental impact assessment of industrial facilities. In recent years he has been extensively involved with looking at the insurability of the Environmental Liability Directive and has represented AIG in working groups set up by the Association of British Insurers (ABI), the CEA (European Insurance & Reinsurance federation) and the International Underwriters Association.