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Environmental Insurance: Market Update, Policy Overview, and Strategic Insights


Product Code - EHAU04
Speaker(s): Ann M. Waeger
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Sustained interest in the redevelopment of contaminated properties and the steady growth of brownfield initiatives has led the insurance industry to develop a range of environmental insurance products providing coverage for environmental claims that are precluded in most general liability policies. As the use of environmental insurance as a risk management tool, both from a real estate and operational perspective, continues to gain momentum, the environmental insurance market remains an evolving commodity. Moreover, recent developments on the case law front are also having an impact on both the drafting of these policies and the claims process.

For attorneys in private practice, as well as corporate and government counsel and particularly for practitioners focused in the environmental and real estate sectors keeping pace with market offerings and staying ahead of the curve on best practices and current trends in the environmental insurance arena can translate into a critical strategic advantage. This 90-minute webinar, featuring Ann M. Waeger, will explore a broad range of topics related to the role of environmental insurance in real property and redevelopment transactions, and is designed to help you:

  • Gain insight on todays marketplace and key players
  • Learn about the types of available policies and what they cover, including recent enhancements for the use of green remediation and/or standards
  • Identify typical scenarios for the use of environmental insurance policies
  • Utilize negotiation and drafting tips from the trenches
  • Gain perspective on key policy terms and lessons learned from case law
  • Understand the claims process

Ann M. Waeger

Ann M. Waeger is a partner in the Westfield, N.J., law firm of Farer Fersko, where she is a member of the Real Estate & Redevelopment practice group. Ms. Waeger is experienced in dealing with purchases, sales, and leases of industrial and commercial real estate; the formation of business entities; and the financing of industrial and commercial real property and business assets. Her practice includes the oversight and negotiation of environmental insurance claims and the review, analysis, and negotiation of the new environmental insurance policies. She counsels clients on issues related to sustainable development, including the use of environmental and property insurance policies as a risk management component of green real estate deals. She has played a prominent role in the negotiation and settlement of numerous insurance claims involving cost recovery for investigative and remedial activities. She also has successfully negotiated environmental insurance policies for use by clients, both in connection with the sale and redevelopment of contaminated properties and brownfields, and in connection with overall risk management programs.

Ms. Waeger is a Fellow in the American College of Real Estate Lawyers, whose members are widely regarded to be among the most accomplished in their field. A strong advocate for the advancement of women in the commercial real estate sector, she is a director of the Commercial Real Estate Women (CREW) Network, as well as past chair of the CREW Network Member Education Committee. At the chapter level, she is a former director and past president of Industrial Commercial Real Estate Women NJ. She is a director and past chair of the Business Law Section of the New Jersey State Bar Association, and is active on the Environmental Insurance Committee of the New York State Bar Associations Environmental Law Section. She also is a member of the American Bar Association.

Ms. Waeger is named in Best Lawyers in America, is recognized by the Chambers USA Client Guide as a leader in both real estate and environmental law, has been named one of the Top 50 Women and Top 100 Super Lawyers in New Jersey, and is accorded Martindale-Hubbells highest AV Pre-Eminent rating.