Editor's Note: This is the third article in a three-part series examining a trio of emerging threats, each with the potential to impose seismic changes upon the risk-management landscape. The first article (April 4) looked at climate change, while the second (April 18) examined nano threats.

There may never be another mass tort that combines widespread bodily injury with long-tail exposure as effectively as the "miracle mineral" of asbestos. But there are some interesting parallels between asbestos and a developing threat known as "fly ash."

Fly ash is a byproduct of the combustion of coal. Coal-fueled electricity-generation plants produce hundreds of millions of tons of fly-ash waste every year—much of which includes mercury, arsenic, lead and a half dozen other toxins.

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