During the evaluation of environmental contamination, many data gaps exist. we are responsible for highlighting and filling in those data gaps to assist our clients with making informed decisions regarding how to control environmental liabilities and the cost involved
“In the broad economic spectrum, our clients fit in the Tertiary Sector. Many times they reach to the Quaternary Sector of consultants, but we found that isn’t far enough. They need to draw on innovative expertise from the ultra-specialized Quinary Sector, and that’s where we lie. We saw the need and created The ELAM Group. It’s that simple.
With growing interest among public and private entities for the value of scientific and financial oversight—insurance claims handlers, environmental business managers, and city planners are turning tot The ELAM Group to help with understanding the technical and financial framework necessary to resolve a claim, assess performance, advise on cost reimbursement and balance portfolios. Under its Environmental Provisioning Practice Area, the firm uses proprietary predictive cost analysis methods and tools to enable clients to gain oversight of their environmental liabilities. Entrepreneurs, attorneys and government officials rely on the ELAM Group’s Peer Review Practice Area to provide them with the technical expertise and knowledge required to evaluate a consultant’s technical strategies, facilitate fair bidding, and reduce insurance claim risks.
With PFAS, as the upcoming regulation shifts from research to remediation—related liability insurance claims are expected to increase in the coming years. The ramifications for companies that may be subject to clean-up liability under such newly proposed regulations could be significant, particularly in light of the difficulties associated with identifying and remediating the sources of chemicals such as PFAS in the environment. As a specialist, The ELAM Group guides companies and enables them to sail across these often-murky waters of environmental contamination from funding to site assessment, remediation, and closure. Extinguishing liability often evolves into expert support from many of the firm’s high-level Practice Areas like Environmental Management, Due Diligence, Peer Review, Litigation Support, and Environmental Provisioning. For the most complex of cases involving liability transfer, settlement or acquisition, The ELAM Group has coined the “Environmental- 2-Business” Solutions Practice Area, or E2B Solutions, as a play on the more familiar “B2B” services.
“E2B Solutions is an example of our reaction to the Tertiary Sector’s market demands. Our ability to blend the technical minutia with the business language of the insurance world allows us to help our clients understand and achieve regulatory compliance,” adds James.
The ELAM Group comprises a diversified set of expertise ranging from scientists and engineers to project managers and risk assessors who prudently manage a client’s environmental liabilities at a local, regional or national level. Its team of experts works closely in a synergistic fashion to resolve environmental liability issues in each case. This includes property owners, municipalities, insurance companies, and business owners alike. Driven by redevelopment efforts, some clients prefer the more traditional consulting work like ELAM’s rigorous Phase I/II Environmental Site Assessments.
At times, resolving environmental liability is litigious. Be it as a consulting expert or testifying expert, The ELAM Group, with its robust and unbiased methods, allows its clients to tackle these claims issues with an unbiased and transparent understanding to help shape their litigation strategy with confidence.
“During the evaluation of environmental contamination, many data gaps exist. We are responsible for highlighting and filling in those data gaps to assist our clients with making informed decisions regarding how to control environmental liabilities and the cost involved,” explains James.
In addition, the targeted data-driven approach promotes greater transparency on the breadth and depth of the environmental pollution liability insurance market. The ELAM Group closely monitors these needs as it advises its clients following changes in legislation, regulation and enforcement.
Our ability to blend the technical minutia with the business language of the insurance world allows us to help our clients understand and achieve regulatory compliance requirements
Today, claims-processing companies have a real opportunity to shape their environmental portfolios by taking advantage of the new frontiers of service offerings that The ELAM Group is creating for the claims market —all with a deeply rooted philosophy and an unwavering commitment not to lose sight of the end goal. With new developments like PFAS, the company is constantly sharpening it’s practice areas to reflect the current climate in the constantly evolving claims industry. As it continues to march ahead in helping claims processors manage environmental claims of a historical nature, The ELAM Group’s close eye on the industry’s latest developments and incorporation into its practices provides the rigor they need and confidence they deserve.