Latest Product Liability Headlines
All the headlines from our Product Liability Topic Page, ordered by recency.
466 Tons of Breaded Chicken Product Recalled by Oklahoma Company
Mar 27 2017 // An Oklahoma food company is recalling more than 466 tons of breaded chicken because of possible metal in the food. The U.S. Department of Agriculture said OK Food Inc. is recalling 933,272 pounds of the food shipped...
Johnson & Johnson Wins Trial in Missouri Talc Product Liability Lawsuits
Mar 6 2017 // Johnson & Johnson said that a state court jury in Missouri had returned a verdict in its favor in the latest trial to arise out of thousands of lawsuits alleging the company’s talc-based products can increase the...
J&J Hit with $1 Billion Verdict in Hip Implant Product Liability Case
Dec 2 2016 // Johnson & Johnson was ordered by a Texas jury to pay more than $1 billion to patients who claimed the company hid flaws in its Pinnacle artificial hips that had to be surgically removed, in J&J’s second loss...
XL Catlin Launches Consumer Products Recall Solution in UK
Nov 1 2016 // XL Catlin’s insurance operations announced the launch of its Consumer Products Recall solution. It has been designed to meet the needs of manufacturers of a broad range of consumer products including toys, clothing,...
Insurance Implications of Autonomous Vehicle Rollout
Oct 3 2016 // California is no longer the heartland for testing autonomous cars. The first commercial deployment of self-driving cars in the U.S. is already happening in Pittsburgh, where Uber is offering its customers the opportunity...
QBE North America Adds Manufacturing E&O Endorsement to Product Liability Coverage
Sep 23 2016 // QBE North America’s Commercial Insurance business has introduced a manufacturing E&O endorsement to its product liability product offering. The manufacturing E&O endorsement is a claims made coverage form...
General Star Expands Products Liability Appetite to 50 New Classes of Business
Jul 25 2016 // General Star Management Co. has added 50 classes for products liability offered by the Delegated Division, Contract P&C Unit. In addition, the gross receipts threshold for eligibility has been increased from $1.5...
Ironshore Specialty Adds Third Party Product Recall Cost Endorsement
Jul 13 2016 // Ironshore Specialty Casualty has added Third Party Product Recall Cost Endorsement as an enhancement to its primary general liability coverage form for commercial clients. The new endorsement covers specified costs...
AIG’s Alexandru Joins Aspen to Head New U.S. Crisis Management Line with Product Recall
Jul 12 2016 // Aspen Insurance announced the appointment of Nicky Alexandru as head of U.S. Crisis Management. Alexandru will develop a U.S. product contamination/recall capability, which will be a new Crisis Management line of business...
Risks Ahead: Food Recalls and Nanotechnology
Jun 20 2016 // Quick Quiz: What do baby spinach, raw cashew pieces, barbecue sauce, fish batter mix, marzipan, ice cream, packaged salads, dried kiwi and gourmet bread pudding all have in common? These products, and more importantly the...
Ironshore Product Recall Coverage for Food Industry Covers Rehabilitation, Loss of Income
Apr 27 2016 // Ironshore Pembroke Managing Agency Ltd. is offering Product Contamination Recall Insurance, focusing on risk exposure within the food and beverage industries. Contamination and subsequent recall occurrences can be...
Allied World Launches Product Recall Insurance in North America
Apr 25 2016 // Allied World Assurance Company Holdings, AG has added product recall insurance products for the U.S. and Canada through its Global Crisis Management Division. The product recall insurance offers both first party and third...
LIU Adds Cyber Extortion Endorsement to Product Recall Policies
Apr 7 2016 // Liberty International Underwriters (LIU), part of Liberty Mutual Insurance, has launched a cyber extortion endorsement to its Product Recall and Contamination insurance policy for food and beverage companies. This...
10 Things to Know About Product Recall
Mar 21 2016 // The food and beverage sector continues to see pressure on pricing of product contamination coverage, following a number of new carrier markets opening in the past 12 months. —John Turner, head of U.S./Canada Product...
Steps to Prepare for the Worst and Best Outcome in Recalls
Mar 21 2016 // Product recalls are on the rise. Last quarter alone, there were dozens of recalls, including peanut butter, cars and bicycles. As consumer safety concerns come under greater regulation and scrutiny, recall risks are not...
General Star Adds Product Liability Coverages for Manufacturers, Distributors
Mar 18 2016 // General Star Management Co. has launched a trio of specialized product liability coverages called “Encore!” designed to protect manufacturers, importers and distributors from product liability exposures arising...
ACE Westchester Enhances Product Recall Insurance Offerings
Dec 18 2015 // ACE Group has launched a series of policy enhancements to its ACE Recall Plus and ACE Recall Plus for Small Business coverage. The new policy terms include: Coverage for voluntary, involuntary, and mandatory stock...
Fitch: Overall P/C Reserves Adequate; Prior Years’ Favorable Trend Continues
Dec 18 2015 // Property/casualty insurers continued to take down loss reserves for prior years in 2014, which marked the ninth straight calendar year of favorable development for the industry in aggregate, according to a new report from...
Hiscox Launches Product Recall Team in London, with 4 Appointments
Dec 7 2015 // Specialist insurer Hiscox has established a new product recall team within its London Market business with four new hires. Heading up the team is David Burke, who comes to Hiscox from Catlin after almost 30 years in the...
Ironshore Launches Product Liability Endorsements for Manufacturers
Nov 5 2015 // Ironshore Specialty Casualty has created a new suite of endorsements to address the products liability exposure of manufacturers and distributors. Coverage is underwritten on a primary basis with limits available of up to...
