Scientists faced a problem when the space race was heating up in the mid-20th century. They needed to develop materials to withstand the heat of atmospheric entry and corrosive effects of water when vessels land in the ocean.
Here, she compiles answers to the most common questions insurers have about PFAS, including whether it's the next asbestos, why PFAS is so hard to underwrite, and what's next in terms of exposure and litigation.
Executive Summary A perfect storm of PFAS liability momentum is building in the midst of climate change, social inflation and digital accessibility, observes Lauren Angelina, a senior liability underwriter at Allianz Global Corporate Specialty.
Here, she compiles answers to the most common questions insurers have about PFAS, including whether it’s the next asbestos, why PFAS is so hard to underwrite, and what’s next in terms of exposure and litigation.
Enter PFAS, synthetic organofluorides with several fluorine atoms linked to an alkyl chain. The carbon-fluorine chain of PFAS compounds is effectively indestructible, taking some PFAS a millennium to dissipate.