PFAS: An Escalating Liability Risk That Demands Proactive Insurance Strategy
Per- and polyfluoroalkyl substances (PFAS) have rapidly become one of the most significant environmental and public liability concerns facing commercial enterprises. Often referred to as ‘forever chemicals’, PFAS compounds are highly persistent, bioaccumulative, and now the subject of heightened regulatory, scientific, and legal scrutiny across the UK, Europe, and worldwide. For corporate insurance buyers, understanding […]
Severe Increase in US Product Liability LawsuitsChina suspected of major cyber-attack on MoD payroll system
A total of 89 lawsuits against US corporate defendants resulted in a “nuclear verdict” award last year, the largest number of cases research experts Marathon Strategies has identified in a single year since 2009. Nuclear verdicts of at least £7.9m ($10m) reached a 15-year high in 2023, while 27 verdicts were “thermonuclear,” or more than […]
Growing concerns over product liability claims from lithium-ion batteries
There are growing concerns over the increasing risk of product liability claims and litigation arising from lithium-ion (Li-ion) batteries. As of the end of March 2024, it is estimated there are now over 1,000,000 fully electric cars and around 60,000 electric vans on UK roads and a further 645,000 plug-in hybrids. In March 2022, approximately […]