October 14, 2015
(Previously published in Risk Management Magazine, July/August 2015)
From the early 1990s through the early years of this century, pollution legal liability (PLL) insurance policies were increasingly specialized. The policies were marked by detailed underwriting and tight targeting of specific types of policyholders. Then as now, the scope of such coverage often depended on the definition of "pollution conditions" (sometimes called a "pollution event"). Today, however, the trend is toward a broadening of the phrase.