PFAS risk, green policy fallout, and where environmental insurance is headed

“When it first came out to the environmental insurance industry, it was kind of like, ‘Hey, it’s coming, get ready, it’s coming,’” said Crouch (pictured above). Carriers quickly assessed their books to see whether they insured companies still using PFAS or properties likely contaminated. Once they understood the exposure, some began underwriting the risk directly, taking a case-by-case approach. Others chose a “draconian” route of blanket exclusions, unwilling to risk unintended losses.