Boris Levin sees advantages to leading an employee-owned company.
Levin is CEO of Farmington-based Mott Corp., which is 100% owned by its approximately 250 employees, who design and manufacture high-precision filtration products for the aerospace, defense, healthcare and semiconductor industries worldwide.
“When we do well, our employees do well,” Levin said. “That’s how we’re able to attract very capable scientists and engineers who stay here for a long time.”
Another advantage is the shared responsibility for ensuring products are made with high precision and delivered on time. Meeting delivery schedules can be difficult, but during a pandemic it can be even harder, since an outbreak among employees could cause production delays.
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Perfluoroalkyl and polyfluoroalkyl substances, commonly referred to as PFAS or PFOS, have been a key ingredient in numerous industrial and consumer products for decades. These man-made chemicals are prevalent and are also known for their longevity in the environment. More recently, PFAS have been the focus of thousands of lawsuits alleging personal injury and property damage. Some insurers have already questioned whether PFAS could rival asbestos in scope and bottom-line impacts. It is a legacy that confronts manufacturers and other defendants and insurers today.
This article provides a primer on PFAS, including the current regulatory framework and litigation landscape. We also identify some key emerging coverage issues insurers should be aware of when dealing with PFAS claims under liability and first-party property policies.
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