How New EPA Designations Will Impact Companies

Jared Dubrowsky highlights the EPA’s recent designation of PFOA and PFOS as hazardous substances under the Comprehensive Environmental Response, Compensation, and Liability Act (CERCLA).

These new designations are effective July 8, 2024, and are anticipated to extend beyond manufacturers to include companies that use or dispose of PFAS-related materials. Some companies should know the potential legal and financial liabilities for contamination and lawsuits from impacted communities or individuals.

For H2, the new regulations have mandated that public companies disclose material risks to investors, including environmental liabilities related to PFOA/PFOS, potentially affecting financial performance and share prices.

Discover further insights in NFP’s latest Property and Casualty Claims Journal and Trend Report at [LINK].