Countries toughen laws through polluter-pays principle, expert says

01/22/2013 | Global Finance magazine

Pollution insurers have tapped a relatively small amount of the market in regions including the U.S., China and Europe, but that likely will change as regulatory crackdowns demonstrate the high cost that can arise from pollution claims, industry experts say. As countries seek to become greener, "laws start with the polluter-pays principle," said Veronica Benzinger of Aon Risk Solutions' Environmental Services Group.

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