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The confrontation between German industry and insurers - dispute over PFAS and prices
According to a report from www.sueddeutsche.de, the mood between the German industry and its insurers is tense. A current controversial issue is that insurers are increasingly excluding risks associated with PFAS substances. These chemicals are used in various industries and could be harmful to health. Insurers are also increasing prices and reducing the coverage offered, which is causing discontent in the industry. Insurance exclusions of PFAS substances could have a significant impact on affected industries. Since PFAS are used in various products such as cosmetics, cookware, paper coatings, textiles and in the production of heat pumps, wind turbines and solar cells, excluding these substances could reduce the production...
The confrontation between German industry and insurers - dispute over PFAS and prices
According to a report by www.sueddeutsche.de,
The mood between German industry and its insurers is tense. A current controversial issue is that insurers are increasingly excluding risks associated with PFAS substances. These chemicals are used in various industries and could be harmful to health. Insurers are also increasing prices and reducing the coverage offered, which is causing discontent in the industry.
Insurance exclusions of PFAS substances could have a significant impact on affected industries. Since PFAS are used in various products such as cosmetics, cookware, paper coatings, textiles and in the production of heat pumps, wind turbines and solar cells, excluding these substances could significantly impact production in these industries.
In addition, potential liability claims for damage caused by PFAS could result in financial burdens for companies as they would not have insurance for such events. This could lead to uncertainty and disruption in the affected sectors and affect the economic viability of production.
Furthermore, uncertainty about insurance coverage could inhibit investment in research and innovation in these industries to develop alternative, PFAS-free technologies.
It is important that insurers and industry engage in an open dialogue to find more nuanced solutions that take into account both the health and environmental risks and the industry's needs for adequate insurance coverage. This could help ease current tensions and find long-term viable solutions.
Read the source article at www.sueddeutsche.de