Latest Product Liability Headlines
All the headlines from our Product Liability Topic Page, ordered by recency.
How Insurance Market Will Expand in Age of Autonomous Vehicles
Nov 20 2018 // Though it’s estimated that by 2025 auto insurance premiums will drop by $25 billion as a result of the adoption of driverless cars, the insurance market is expected to recover through new lines of coverage, according...
The Changing Risk and Liability Landscape: New Tech, New Loss Scenarios
Oct 19 2018 // Advancements in technology are changing the risk landscape irrevocably and driving potential big changes in liability, and other insurance, claims activity. The opportunities for business from new technologies such as...
People
Oct 15 2018 // COUNTRY Financial, headquartered in Bloomington, Illinois, has named Jim Jacobs as its next chief executive officer (CEO), effective early next year. He succeeds Kurt Bock, who is retiring Jan. 31, 2019, after serving as...
Kluting Named Head of Product Recall in Gallagher’s Food, Agribusiness Unit
Sep 7 2018 // Insurance and risk management services firm, Gallagher, has promoted Steve Kluting to national director of product recall in its Food & Agribusiness Practice Group As a “food lawyer” with 18 years of...
The Road Ahead for Autonomous Cars and Auto Insurance
May 17 2018 // The death of a pedestrian who was struck by an autonomous vehicle in Tempe, Arizona, has brought fresh scrutiny to the accelerating development of self-driving cars. The accident on March 18 is bound to be studied...
California Approves New Product Liability Program for Cannabis Industry
May 16 2018 // California Insurance Commissioner Dave Jones announced on Wednesday he has approved a new product liability and product recall program for the cannabis industry in California. This new cannabis insurance policy, offered by...
Nearly 25 Tons of Smoked Sausage Products Recalled by Texas Company
May 8 2018 // A Texas company has recalled nearly 25 tons of smoked sausage products due to possible plastic contamination. The U.S. Department of Agriculture released a statement saying the recall by Eddy Packing Co. in Yoakum involves...
Experts Behind Product Liability Suit Against Monsanto Herbicide Don’t Impress Judge
Mar 16 2018 // A lawsuit claiming Monsanto Co.’s popular weed killer Roundup causes cancer was dealt a blow by a judge’s conclusions that the opinions of the experts testifying against it are “shaky,” a...
Judge to Decide on Evidence to Allow in Monsanto Product Liability Litigation
Mar 14 2018 // Picture Iowa farmers bathing in Roundup weed killer. That was a federal judge’s takeaway after seeing slides that “sort of seared into my brain” that the main chemical in Monsanto Co.’s Roundup is...
Virginia’s Kinsale Insurance Company Promotes Muntean
Mar 2 2018 // Kinsale Insurance Company, a Richmond, Va.-headquartered specialty insurance group focused on the excess and surplus lines market, has promoted Victoria Muntean to division manager of its Products Liability Division,...
Allianz Acquires Liberty International’s U.S. Product Recall Business Renewals
Jan 31 2018 // Allianz Global Corporate & Specialty (AGCS) is acquiring the renewal portfolio of Liberty Mutual Insurance’s U.S. product recall and special contingency business. The effective date is Jan.30, 2018. The business...
CFC Underwriting Launches New Product for U.S. Nutraceutical Companies
Jan 4 2018 // Specialist lines underwriting agency CFC Underwriting has added to its life sciences suite of products with a new insurance product designed specifically for nutraceutical businesses in the U.S. Coverages include products...
Technology, Regulation Prove Double-Edged Swords in Product Recall Risk
Dec 6 2017 // Exploding Samsung phones, error-prone Takata airbags, faulty GM vehicle ignition switches, failing Johnson & Johnson hip implants — multi-billion dollar product recalls have become more common over the past...
Admitted Carriers, CanaBOP Coming to California’s Cannabis Industry
Oct 20 2017 // The first admitted insurance carrier has filed to provide coverage to California’s legal cannabis industry and several more carriers have stated their intent to file products, according to state Insurance...
Huge Verdict Upends J&J’s Talc Product Liability Defense Strategy
Aug 23 2017 // A massive California verdict in a lawsuit alleging Johnson & Johnson’s talc-based products cause cancer has opened a new front in the litigation, upending the company’s hopes that the cases were only...
Q&A: How Driverless Car Technology Could Impact New York and Other States
Jul 6 2017 // Powered by InsuranceJournal.tv New York Governor Andrew Cuomo in May signed a budget bill into law allowing self-driving and self-parking cars to be tested for one year on New York public highways. Prior to this law going...
Jury Clears J&J, Bayer of Liability in First Xarelto Product Liability Trial
May 5 2017 // Johnson & Johnson and Bayer AG aren’t responsible for a Xarelto user’s internal bleeding, a jury found in the first trial over the blood-thinning drug. J&J and Bayer didn’t mislead a Louisiana man...
Large Claims Becoming More Expensive, Complex & Global: Allianz
Apr 25 2017 // Large liability claims are becoming more expensive, complex and international, with activity increasing outside the United States, according a report published by Allianz Global Corporate & Specialty...
Future Tech to Create Lower Claims Frequency, New Threats: Allianz Report
Apr 20 2017 // Technology is expected to be a major driver of liability claims in the years ahead – cutting frequency and increasing new threats such as cyber, product liability and recall risk, according a report published by Allianz...
Top 3 Causes of Global Liability Claims = 60% of Value: Allianz Report
Apr 5 2017 // Defective product/work quality issues, crashes and human error are listed as the top causes of liability loss for businesses, according to a report published by Allianz Global Corporate Specialty (AGCS). Collectively,...
