As seen in: The Briefing – (Real Estate NJ's daily eblast)
By: Joshua Burd
A consulting and engineering firm has teamed with a global insurance agency to expand coverage for environmental cleanups, with the goal of spurring remediation at sites that are otherwise seen as too costly or risky for property owners to take on.
Susan C. Karp of Sills Cummis & Gross was part of a distinguished panel of insurance executives, developers, consultants and attorneys at the Brownfield Coalition of the Northeast's seminar which addressed the evolving environmental insurance market and how to mitigate risk and opportunities for Brownfields Development. The event sponsored by WCD Group and Advance Realty presented a current update of the dynamic environmental insurance marketing and how insurance is being effectively utilized in brownfields transactions, risk transfer and mitigation, and site remediation.