Praedicat CoMeta Product Update
April 2022
Litagion Agents
- Fiberglass. Fiberglass consists of a plastic matrix reinforced with glass fibers. First developed in the 1930s, fiberglass is strong, durable, corrosion resistant, and yet lightweight, flexible, and moldable. Fiberglass is commonly used as a thermal, electrical, and acoustic insulating material but has many other applications such as in the manufacture of aircraft, boats, automobiles, bath tubs, swimming pools, hot tubs, septic tanks, water tanks, roofing shingles, ceiling tiles, pipes, ducting, cladding, orthopedic casts, sporting equipment, and printed circuit boards.
- Vinyl chloride. Vinyl chloride [CAS No. 75-01-4] is a colorless, flammable gas primarily used as a chemical intermediate in the production of polyvinyl chloride (PVC). PVC is used in a wide range of products including pipes, wire and cable coatings, packaging materials, vehicle and furniture upholstery, wall coverings, flooring, carpet backing, house wares, automotive parts, medical devices, and children’s toys. Due to its toxicity, vinyl chloride in its monomer form is not used directly in the manufacture of end products. Industrial releases and the breakdown of other chlorinated chemicals in the environment can result in the contamination of air and water with vinyl chloride.
Themes
- Nine newly known unknowns: 2020, 2021, and 2022 editions. Each year Praedicat highlights nine emerging risks for casualty underwriting and exposure management. The risks span the emerging risk life cycle from “emerging interest” when scientific study has just begun to “emerging damage” when the accumulation of scientific evidence has significantly raised the likelihood of future litigation to “emerging litigation” when bodily injury and property damage litigation is underway. The “newly known unknown” moniker alludes to Praedicat’s central goal of turning the “unknown unknown” keeping casualty executives up at night into the “known unknown” that they can profitably underwrite.
Check out the new Theme and Litagions in CoMeta
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