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There are few better tools for dealing with the environmental risk issues that can complicate or threaten to derail projects than environmental insurance. It has become widely accepted as a preferred means of reducing, transferring and allocating environmental risk in brownfield transactions and redevelopment projects.
However, many participants in brownfield transactions have unrealistic expectations about these products — some were created by the growth of the environmental insurance market itself. Let’s examine some common disconnects between brownfielders and environmental insurance underwriters.