Looming regulations on ‘forever chemicals’ could create $400bn in cleanup liabilities
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Looming regulations on ‘forever chemicals’ could create $400bn in cleanup liabilities

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Tightening regulations and growing awareness of the dangers of poly- and perfluoroalkyl (PFAS) chemicals appear poised to spawn a long-running, complicated and major loss event for insurers – one that could rival or even surpass asbestos based on the most bearish predictions of the casualty market.

The potential for claims and litigation related to these chemicals has been on the insurance industry’s radar since at least 2015, but concerns are growing as the Biden administration readies strict new regulations that target PFAS contamination in drinking...

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