Understanding the Growing Wave of Mass Torts: Are We Prepared for What’s Ahead?

The hair relaxer litigation that began in October 2022 marks just the tip of a much larger iceberg. Over the past few years, we’ve witnessed the emergence of more than a dozen new mass torts, spanning industries and issues as diverse as PFAS contamination, social media’s impact on mental health, opioid-related damages, and harmful substances in baby food. These developments are not only reshaping the legal landscape but also raising critical and urgent questions for insurers: Have we reached the peak of these litigations, or are we merely glimpsing the beginning of a much broader wave? And just as importantly, what new challenges might be lurking on the horizon? 

The hair relaxer lawsuits, in particular, are a stark example of this growing trend. Fueled by scientific research linking formaldehyde, phthalates, and other endocrine-disrupting chemicals to various cancers and reproductive issues, these cases are setting a precedent that could lead to an expansion of phthalate-related litigation into multiple other industries. This is sending ripples of concern throughout sectors that rely on these chemicals, as businesses and insurers alike grapple with the potential for widespread legal exposure. 

At Praedicat, we’re at the forefront of helping our clients navigate these uncertainties. Our comprehensive approach combines dynamic litigation tracking with forward-looking modeling, offering a robust toolset for understanding and managing risk. Our industry-leading science-based risk analytics provide a deep dive into the emerging risks, helping insurers and reinsurers gain a clear, informed view of what lies ahead. 

With our support, clients can anticipate potential litigation trends and make proactive, decisive underwriting and risk management decisions. Our forward-looking models, combined with real-time data on the ground, equip insurers to stay ahead of the curve in an increasingly unpredictable liability environment. 

As the landscape of mass torts continues to evolve, Praedicat is committed to helping insurers not only survive but thrive in this challenging terrain. Reach out to us today to learn how we can partner with you to navigate the complexities of the current and future liability landscape, ensuring you are prepared for whatever comes next.