Rising Risks of PFAS Claims and Litigation Capture New Attention [from AM Best]

[marindependent]

"On High Alert: Risking Risks of" So Called Forever Chemicals:

• LORI CHORDAS
  
• APRIL 2021
• AM Best

Some industry experts are seeing parallels between PFAS risk and asbestos litigation that for years hit insurers hard. Insurers are now reacting by creating stand-alone products and adding PFAS-related policy exclusions for losses stemming from drinking water contamination, environmental remediation, and products liability and bodily injury claims related to the “forever chemicals.”