Particularly, specialty insurers that are prescient enough to marry specific damage mitigation technologies with new kinds of policies that are custom matched to such technologies (so as to minimize ongoing damages). Examples where such new kinds of policies could have paid off, big time, include the BP disaster and the recent Porter Ranch disaster. Up to 95% of these damages could have been preventable (with the right technology), while premiums for such policies could still reflect the maximal risks (without benefit of these technologies). Now THAT’s some serious profit making – and environment protecting – potential!
Particularly, specialty insurers that are prescient enough to marry specific damage mitigation technologies with new kinds of policies that are custom matched to such technologies (so as to minimize ongoing damages). Examples where such new kinds of policies could have paid off, big time, include the BP disaster and the recent Porter Ranch disaster. Up to 95% of these damages could have been preventable (with the right technology), while premiums for such policies could still reflect the maximal risks (without benefit of these technologies). Now THAT’s some serious profit making – and environment protecting – potential!