Insurers were asked to "get their act together" with regards to pollution cover, during an Environmental Insurance & Risk Management conference, arranged by business conference organiser Certa (UK).
Glyn Moore, insurance director for Certa, said insurers needed to exclude pollution cover totally from general and public liability policies and give full and exclusive pollution underwriting authority to specialist environmental liability underwriting teams.
Certa called for a competitive agenda to add value to the business objectives of those companies with a stake in the contaminated land market. Certa predicted the market would represent a premium income value of £500m by 2007.
The event was the first UK conference dedicated solely to the environmental insurance market.
