John F. Parker
All articles by John F. Parker
How Will Businesses and the Insurance Industry Respond to the Growing Threat of Climate Change?
The ability of the global insurance industry to manage society’s risks likely will be significantly impacted by climate change in coming years. The ClimateWise report recently confirmed that since the 1950s the frequency of weather-related catastrophes has increased six-fold. As these risks occur more often, previously insurable assets are becoming uninsurable, and those already underinsured are further compromised. The overall consequences can be far reaching and as yet, we are not able to comprehend the vast nature of the risk.
Up in the Air: The Evaporating Confidence of New York Property Owners
A growing number of New York State property owners are facing legal issues, decreases in property value, unexpected environmental remediation costs, and general uncertainty because of a phenomenon called “vapor intrusion.” Goldberg Segalla’s John F. Parker and Rosa D. Forrester have explained the issue in an article for New York Law Journal. “In New York, recent changes in environmental guidelines and practices have led to the reopening of previously closed environmental spill sites to further investigate the presence of volatile