The insurance industry faces a new wave of financial exposure as federal and state regulations surrounding per- and polyfluoroalkyl substances become more stringent.
Once hailed as miracle compounds for their water-repellent, non-stick, and heat-resistant properties, PFAS are now viewed with growing alarm due to their widespread contamination in soil, water, and air, and links to serious health issues.
Earlier this year, the U.S. Environmental Protection Agency set enforceable standards called Maximum Contaminant Levels (MCLs) for several PFAS chemicals in drinking water. Additionally, two widely used PFAS compounds, PFOA and PFOS, have been labeled as hazardous