Source: Defense Environment Alert, February 18, 2020
Posted on: https://www.advisen.com/
Responding to regulatory uncertainty, insurers have begun excluding coverage for both actual and potential contamination stemming from per- and polyfluoroalkyl substances (PFAS), a move that is killing transactions and can affect a wide array of industry sectors, according to an attorney who spoke at a recent environmental legal forum.
Alexandra Farmer, a partner with the law firm Kirkland and Ellis, told the American Law Institute-Continuing Legal Education environmental law conference in Washington, D.C., Feb. 7 that significant regulatory uncertainty as well as litigation risks and the difficulty in remediating sites are prompting uncertainty in transactions related to properties linked to PFAS. Read more.