The generational shift away from suburbanization and toward urban renewal shows no sign of slowing. To build in cities, towns and inner ring suburbs, buyers and builders must deal with the unique challenges associated with past use and pollutions. Over the last 20 years, the federal government and states have begun to amend environmental regulation that inadvertendy discouraged the use of previously used, even potentially polluted, sites. At the same time, a new insurance market was born and has evolved to protect landowners, developers and contractors from the potential regulatory and civil liability associated with brownfield redevelopment. By involving an insurance professional knowledgeable in pollution law and insurance coverage early in the planning process, property owners, developers and contractors can secure protection from pollution liability at a defined cost and can reduce lenders' concerns about the effect of regulatory fines, delays and legal liability on a brownfield project.
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