The Next Wave of Climate Change Litigation: Industrial Meat

The primary and secondary effects of climate change create risks across most sectors of the economy. While the oil and gas industries are well known litigation targets, our latest article in Carrier Management, The Next Wave of Climate Change Litigation: Industrial Meat, examines an industry that accounts for up to 20 percent of global emissions.

Adam Grossman, Praedicat Senior Scientist and VP of Modeling, and Arianna Libera, Environmental Scientist, examine both the environmental and human health impacts of raising livestock for consumption. They also share their thoughts on the potential costs of two types of potential lawsuits, costs that start in the hundreds of billions.

Read article here.

Praedicat Signs with Sentry Insurance!

In a landscape where active litigation is on the rise and the phenomenon of social inflation is top of mind, Praedicat is excited to announce it has contracted with Sentry Insurance to assist the always-innovative mutual insurer to better understand and manage its casualty exposure.

Sentry has licensed Praedicat’s complete suite of products to support its aggregation management, portfolio strategy, and the development of underwriting guidance.

“Sentry is innovative and forward-thinking, and has been quick to adopt and integrate our analytics across the organization.” Says Praedicat SVP, Jessica Schuler

Click here to read the full press release.

Casualty Underwriting: The Original ESG

Environmental, Social and Governance (ESG) performance has become a focus for many industries, including P&C insurance, because the issues that drive ESG can also drive liability.

Dr. David Loughran and Dr. Robert Reville in the Carrier Management Article: “Casualty Underwriting: The Original ESG”, make the point that for ESG to drive meaningful change, it must have a foundation in emerging risk, deep knowledge of how companies act rather than what they promise, and an unwavering focus on accountability and liability…which sounds a lot like underwriting.

Read more here

Praedicat Announces Partnership with VelocityEHS!

We are excited to announce that we have partnered with VelocityEHS, the global leader in cloud-based environmental, health, safety (EHS) and environmental, social and corporate governance (ESG) software. The partnership will deliver a best-in-class Green Chemistry Offering that will tackle critical ESG challenges and drive predictive chemical risk profiling.

The partnership will provide global enterprises with the powerful data and analytical insights needed to better assess and reduce their use of hazardous materials. The result? Significant long-term competitive advantages and the opportunity for responsible and sustainable growth.

Click here to read the full press release.

Praedicat CEO talks Litigation Finance in the US

Litigation finance in the US has become an increasingly complex issue, in no small part due to the increase in third party litigation financing and social inflation. If litigation finance and social inflation are topics of interest—and they should be for insurers and reinsurers alike—then we recommend the recent Insider Engage article: “The Rise of Third Party Litigation Funding: Profits Over Justice”.

In the article, Praedicat CEO, Robert Reville, discusses the four key trends of litigation finance as well as his thoughts on the impact of social inflation to the (re)insurance industry.

Read the article here.

After reading the article if you have more questions about social inflation and how liability insurance informed by analytics can help identify and mitigate emerging mass litigation risks, watch this video.

Praedicat Expands Litigation Tracker with PFAS, Toxic Baby food and Paraquat

Praedicat is excited to announce an important update to our litigation tracker platform! Initially launched to track COVID-19 litigation, our clients can now access important litigation information around three additional mass litigations: PFAS (per- and polyfluoroalkyl substances), toxic baby food (heavy metals in baby food), and paraquat (an herbicide alleged to cause Parkinson’s disease).

Read press release here.

Interested in learning more about the history of PFAS litigation then read David Loughran’s latest blog: “The past, present, and future of PFAS litigation in the United States”.

Risk Framework

Insights on emerging risks are great but taking
action on them is even better.

Let’s move your business from insights to action.

Our Emerging Risk Framework breaks emerging risk into three phases: emerging interest, emerging damage and emerging litigation. Depending on the phase of emergence, our methodology recommends specific business actions to take and who should take them.  Because our framework is embedded in Praedicat software – with access to tools like the litigation tracker, company risk score, and library of realistic disaster scenarios – understanding the information is intuitive and taking action is easier than ever.

(Re)Insurance Solutions

You can think of it as the way we help you protect your company from the next asbestos. Or think of it as how we help your company grow. Either way, you’d be right.

When we move our clients from a risk avoidance mindset to one of risk engagement, the opportunity for growth is extraordinary. See how we might work with you to identify emerging risks to accelerate growth.

Global Industrial Solutions

Better products. Safer. Faster…

Better products that are safer for the world and those who live in it, brought to market faster – these product stewardship ideals are at the heart of our global industrial solutions. It’s what happens when we empower our clients to pursue progress, innovation and growth. Come see for yourself.

What We Do

Science quantified, intelligence amplified, collaboratively applied.

Creating growth from the landscape of emerging risk is at the core of what we do, and we use science, technology, and analytics to do it. Learn more about what we do, the extraordinary results we’ve garnered for our clients, and what we can do collaborating with you.

Praedicat Appearance Calendar

If you are going to be where
we are going to be, let’s be there together!

RAA Cat Risk Management Conference

When: May 23rd – May 26th
Where: Orlando, FL

PSX 2022

October 18th – 22nd
Where: Louisville, KY

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