Susan Neuman, JD, PhD
, is an expert at providing tailored environmental insurance coverage for Contaminated Property Transactions
- Dr. Neuman is Brownfields Program Manager with NAESIP, LLC, a wholesale environmental insurance broker headquartered in Mahwah, New Jersey. She is also a Member of Manewitz and Neuman, LLC an environmental law firm practicing in New York and New Jersey. Previously she was President of the Environmental Insurance Agency, Inc. in Larchmont, New York, an environmental insurance brokerage and risk management consulting firm, which, since 1997, has contributed to the success of brownfields transactions. Prior to forming EIA, from 1990 until 1997, she was Head of Product Development in the Specialty Lines Legal Department of the Home Insurance Co., where she drafted many of the new environmental insurance products that responded to the Brownfields Movement. Prior to 1990, she was outside coverage counsel to several environmental insurers at Lord, Day & Lord, Barrett Smith, in which capacity she litigated and drafted many of their environmental policies.
Dr. Neuman has spoken at multiple bar association conferences, EPA Brownfields conferences, and other environmental conferences on the new environmental products and their use in the brownfields context. One of the leading environmental insurance experts in the country, she has also published extensively in the field, including chapters in Matthew Bender’s Environmental Law Practice Guide
and Brownfields Law and Practice
. Dr. Neuman has a BA from Smith College, a PhD from New York University, and a JD from Yale Law School.
- Susan Neuman has testified as an expert on environmental insurance in several Environmental Insurance Coverage
and Broker Malpractice
actions. Her services include responding to reservation of rights and denial letters and negotiating with carriers toward settlement. Dr. Neuman also offers in depth coverage opinions to the carrier, responding to tenders of coverage appropriately. When necessary, she can step in to provide proactive and effective representation in coverage litigations.
View Susan Neuman's Consulting Profile
The world of brownfield insurance (BI) was recently shocked to learn that AIG was non-renewing its site pollution liability (SPL) book of business. AIG's Pollution Legal Liability Select (PLLS) policy, issued in 1995, was environmental insurers' first response to the Brownfields Movement. It allowed them to modify previously restrictive and inflexible policies so that they could be used to facilitate transactions. The idea of the policy was that the insured would be able to "select" specific coverages out of a number of modules based on distinctions of time, location, and types of damage, for instance On Site Cleanup Costs due to Pre-Existing Pollution Conditions. However, in addition to this selection process, specific policies also need to be manuscripted or tailored to fit specific risks. They are negotiable contracts, and, as illustrated by most of the cases involving such policies over the last 10 or 15 years, need to be negotiated by coverage experts.