September 29, 2017

When the earth catches fire

The inclusion of environmental impairment liability cover in commercial property insurance policies covering brownfield sites will provide insurers with the means to take preventative action rather than wait for the significant damage and losses slow-burning subterranean fires can cause

In 1980 the town of Centralia, Pennsylvania was a community of more than 1,000 residents, the product of a once-thriving local mining industry. Today, the town has all but disappeared. Residents have relocated in their droves; homes have been demolished and warning signs posted around the town borders.

To read the full article click here.