Underwriters Adjust Indoor Air Quality Terms Amid Risks

Underwriters are increasingly tightening the terms related to indoor air quality (IAQ) in response to rising claims linked to climate change and the severity of per- and polyfluoroalkyl substances (PFAS) contamination. As environmental concerns grow, insurers are re-evaluating their policies to mitigate potential financial impacts from IAQ-related claims.

The increase in climate-related events has led to a surge in claims, prompting underwriters to adopt stricter guidelines. PFAS, often referred to as ‘forever chemicals’ due to their persistence in the environment, have also become a focal point for insurers. The heightened awareness of health risks associated with PFAS is driving underwriters to reassess the risks involved in insuring properties that may be affected by these substances.

Insurers are now requiring more detailed assessments of air quality and potential contamination before issuing policies. This shift reflects a broader trend in the insurance industry to address the implications of environmental factors on property and health. As a result, businesses may face increased premiums and more stringent requirements to ensure compliance with IAQ standards.

Source: news.google.com