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Global Corporate Insurer Projects Increased Liability For ‘Toxic Trio’ Use In Cosmetics

 
• By Lauren Nardella

Allianz Global Corporate and Specialty raises liability concerns that could be relevant to cosmetics manufacturers still using “toxic trio” ingredients. The firm’s report is a signal at least that rampant US litigation for alleged false advertising and undeclared ingredient risks has reached the international insurance consciousness.

Cosmetics companies that continue to use the so-called “toxic trio” of dibutyl phthalate (DBP), toluene and formaldehyde – or subsets thereof – could be vulnerable to “significant” future liability, according to a recent report from insurer Allianz Global Corporate and Specialty and partner Praedicat.

AGCS, a subsidiary of Germany-based financial services firm Allianz SE, may well be seen as late to the conversation around the vilified toxic trio, as both industry and NGO sources suggest that its use in the cosmetics space –

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