- New Litagion agent profiles for bisphenol A diglycidyl ether (BADGE) and diethanolamine (DEA)
- New D&O greenwashing scenario on fugitive methane emissions from oil and gas operations
- New blog content: "Satellite measurements indicate fugitive methane emissions are much higher than reported" and "Removing PFAS from the water supply is very expensive... today"
- Additional drill-down tables available in Exposure Management exportable reports
- Bisphenol A diglycidyl ether (emerging interest). Bisphenol A diglycidyl ether (BADGE) [CAS No. 1675-54-3] is a component of many epoxy resin formulations. Epoxy resins formulated with BADGE are widely used in protective coatings, reinforced plastic laminates and composites, tooling, casting and moulding resins, and adhesives. Epoxy resins used in woodworking projects by both hobbyists and professionals are typically formulated with BADGE. BADGE is also found in epoxy resins that line food cans.
- Diethanolamine (emerging interest). Diethanolamine (DEA) [CAS No. 111-42-2] is an organic compound that is both a secondary amine and diol. It is a common ingredient in surfactants that are employed in personal care and household cleaning products. DEA also acts as a corrosion inhibitor in metalworking fluids and plays a role in gas treatment processes where it helps scrub hydrogen sulfide and carbon dioxide from natural gas.
- Greenwashing: Fugitive methane emissions. Methane is a potent greenhouse gas and reducing fugitive emissions from oil and gas operations is a critical component of the overall strategy to avert catastrophic global warming. In 2022, the U.S. Congress passed the Inflation Reduction Act. Among its many provisions is a fee that oil and gas producers must pay starting in 2024 for every ton of methane emitted above a threshold amount. In this scenario, oil and gas producers must pay substantial fines for their fugitive methane emissions until they can make the operational changes necessary to eliminate them. These fines trigger securities class action lawsuits alleging directors and officers failed to disclose the extent of fugitive methane emissions and the impact of resulting fees on future earnings. The scenario further assumes that investors disproportionately punish producers that engaged in apparent “greenwashing” by significantly underreporting fugitive methane emissions in previous disclosures.
Additional probabilistic loss tabulation drill-down tables
Users can download the probabilistic loss tabulations displayed in Exposure Management for a given portfolio by clicking "generate reports" in the probabilistic loss tab. The tab-delimited tabulation files contain policy summary statistics, portfolio-level losses, and contributory, standalone, and marginal losses by Litagion agent, company, industry, policy, and policy year. Two additional drill-down tabulations are also now available in this report: standalone Litagion agent losses by policy and standalone policy losses by Litagion agent. Please contact your account manager should you have questions regarding how to work with these new drill-down tables.