Many of us who spent years in the environmental insurance space know one thing: There have been significant level of change in the Brownfield landscape during the past decade regarding the redevelopment of Canadian sites. Canadian brownfield redevelopment continues to increase in volume. As an insurance provider assessing these sites for the purpose of providing an insurance package, we have seen that in most cases partnering with the Canadian stakeholders is worth the process of evaluating the complexity of these sites. The approach stakeholders must take from an environmental risk management perspective is on an entirely different level than the approach for traditional commercial or residential sites.

Effectively addressing risk management issues and controlling exposures is dependent on what type of transformation the facility plans to undergo. We’ve had a chance to work with key Canadian stakeholders on various types of brownfield renewal projects including light industrial, heavy industrial and green energy, a blanket term that encapsulates anything from solar power and wind turbines to bio-diesel and hydroelectricity. ...

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