Latest Product Liability Headlines
All the headlines from our Product Liability Topic Page, ordered by recency.
Marsh Launches Excess Casualty Coverage for Product Liability Risks
Nov 3 2015 // Marsh has launched Marsh IO+, an enhanced excess casualty product designed for companies with significant product and other mass tort exposures. Organizations like retailers, food and beverage companies, construction...
Product Liability: The Quest to Protect Us From Ourselves
Oct 27 2015 // Unintentional injury is the leading cause of death among teenagers and adults 15 to 44. According to the Centers for Disease Control (CDC), more than 43,000 people between 15 and 44 died in 2013 as a result of...
Marijuana Pesticide Flap Draws Product Liability Suit in Colorado
Oct 19 2015 // Two marijuana users in Colorado filed a lawsuit earlier this month against a pot business they said used an unhealthy pesticide to grow their weed — a case that lawyers say is the first product liability claim in the...
Marijuana Pesticide Flap Draws Product Liability Suit in Colorado
Oct 7 2015 // Two marijuana users in Colorado filed a lawsuit Monday against a pot business they said used an unhealthy pesticide to grow their weed – a case that lawyers say is the first product liability claim in the nation...
XL Catlin Strengthens London Product Recall Underwriting Team
Sep 29 2015 // XL Catlin announced it has strengthened its London-based Product Recall team with the appointment of Natalie Lilley and the transfer of Ian Davidson. Natalie Lilley joins XL Catlin from Canopius where she has held the...
India’s Product Recalls Bring New Business for Insurers Such as AIG, Allianz
Jul 23 2015 // As Nestle SA slugs it out with India’s food regulator over the amount of lead in its popular Maggi instant noodles, the dispute is whipping up business for insurers. The local unit of American International Group...
Berkley Forms Berkley Global Product Recall Management, Hires Lubrano to Lead
Jul 21 2015 // W.R. Berkley Corp. has formed Berkley Global Product Recall Management, a W. R. Berkley Co., to aid all types of businesses throughout the world in the prevention and management of product recall incidences. Products and...
XL’s Fortune Joins Aspen Product Liability Team
Jun 22 2015 // Aspen U.S. Insurance said that Grace Fortune has joined as senior vice president and product line leader for Products Liability. Reporting to Roxanne Mitchell, executive vice president for Aspen U.S. Casualty, Fortune will...
XL Catlin Launches 24/7 Product Recall Crisis Network in Asia
Jun 9 2015 // XL Catlin announced that its product recall insurance team in Asia has launched “Response XL Catlin,” a tailored network of expert crisis consultants, which will be supported in the region by global...
CNA Launches Admitted Product Liability Policy for Life Sciences
May 13 2015 // CNA has launched a new admitted product liability policy offering for the life sciences market. This product launch makes CNA one of only a handful of carriers to offer life sciences companies an admitted and non-admitted...
XL Launches Stand-Alone Automotive Parts Recall Policy
May 12 2015 // XL Group has launched a stand-alone automotive parts recall policy, a tailored product designed for suppliers in the automotive industry. The policy delivers a choice of coverage to respond to the increased exposures and...
XL Launches Stand-Alone Auto Parts Recall Policy
Apr 15 2015 // XL Group announced the launch of a stand-alone automotive parts recall policy, a tailored insurance solution designed for suppliers in the automotive industry. The policy delivers a choice of coverage to respond to the...
10 Most Common and Costliest Small Business Claims
Apr 9 2015 // Four out of 10 small businesses are likely to experience a property or general liability claim in the next 10 years, according to an analysis of The Hartford’s small business claims. Topping the list for the most...
Large Product Liability Awards Made Comeback in 2014
Feb 19 2015 // Huge jury verdicts against companies over fatal flaws in their products made a comeback last year, which may foretell more bad news for carmakers with defective parts. Absent for a decade, billion-dollar verdicts returned...
Lexington Product Recall Insurance Covers Celebrity Endorsement Risks
Jan 30 2015 // American International Group Inc.’s (AIG) Lexington Insurance has introduced Celebrity Product RecallResponse, a new insurance product designed to help customers respond to risks from a celebrity endorser’s...
ACE Westchester Extends Its Product Recall Insurance to Small Businesses
Dec 5 2014 // ACE Westchester has launched ACE Recall Plus for Small Business, a product that offers product recall coverage and crisis management services to the small business market segment. The move follows an increase in the...
Victims Stymied in Access to Others’ Air Bag Liability Settlements
Nov 18 2014 // Confidential settlements over defective Takata Corp. air bags are sealing off relevant information that other victims could use to pursue injury claims. The accords make financial sense for the settling parties, but Takata...
Government Action, Insurance, Software Product Liability Urged for Cyber Security
Aug 11 2014 // Alarmed by mounting cyber threats around the world and across industries, a growing number of security experts see aggressive government action as the best hope for averting disaster. Even though some experts are outraged...
North Carolina House Nixes Drugmakers’ Product Liability Protection
Jun 27 2014 // Efforts by business leaders to give companies more protections from North Carolina product liability lawsuits appear derailed in the House. A House panel this week endorsed a Senate measure that previously would have made...
General Star Contract Division Adds Product Liability for 50 Classes
Jun 4 2014 // General Star Management Co. has added product liability coverage to its suite of delegated authority product offerings. The new product liability feature consists of 50 classes and will be immediately accessible to all...
