Why businesses are ignoring environmental insurance at their own peril

“Interestingly, that may increase the number of third-party lawsuits,” he said. “There is, in the US, the ability for citizens to do a citizens’ action against a company that’s not in compliance with the regulations, and one of the criteria is the regulators aren’t doing anything. Then, the citizens can bring a lawsuit and pay for lawyers – and if they win their lawsuit to enforce the regulations, the lawyers get paid, and usually, there’s a big settlement for the citizens.”