Latest Product Liability Headlines
All the headlines from our Product Liability Topic Page, ordered by recency.
The Insurance Implications of Google’s Self-Driving Car
May 28 2014 // Google has announced a truly “driverless” car that lacks a steering wheel, brakes or anything else that allows a driver to control its movements. This actually strikes me as a much bigger deal for the insurance...
North Carolina Republicans Pursue Deregulation, Product Liability Immunity
May 27 2014 // Since taking over the legislature in 2011, North Carolina Republicans have trumpeted passing legislation designed to draw back the hand of government hanging over the private sector by getting rid of regulations they...
ACE Expands Digital Technology Offering to Address Product Recall Risks
May 15 2014 // ACE Group has launched a new endorsement to help protect technology companies from exposures resulting from products that are sold and distributed to third-parties. The new ACE DigiTech and Product Recall endorsement...
Identity of Secret ‘Company Doe’ in Product Liability Case Revealed
May 12 2014 // Company Doe is a secret no more. Ergobaby, a company that makes and sells baby carriers, acknowledged last Thursday it is the firm known as “Company Doe” in a lawsuit against the Consumer Product Safety...
Broker/Insurer Combo Launch Food and Beverage Industry Contamination Coverage
Apr 17 2014 // Willis Group Holdings has announced the launch of a new product contamination insurance proposition, in partnership with XL Group, Willis Limited’s Food and Drink and Faber Global teams, in association with BRC...
Ironshore Specialty Adds Product Recall to Crisis Management Coverage
Apr 15 2014 // Ironshore Specialty Casualty, the specialty insurance unit of Ironshore Inc., has expanded its crisis management coverage to include a product recall enhancement for product manufacturers. Ironshore’s “Crisis...
XL Group launches ‘Automotive Recall Plus’ in Germany, Austria, Switzerland
Mar 6 2014 // The global insurance segment of XL Group plc announced the launch of its new product – Automotive Recall Plus – which it described as an “innovative product designed for the automotive supplier industry. It...
Exclusive Recall Coverage That Goes Hand In Hand with Product Liability
Mar 5 2014 // How can agents communicate the importance of this type of exposure to the industry? There is a natural resistance by all companies in buying additional insurance. A recall event is not a physical damage event. It does not...
Mississippi Asbestos Ruling Throws Out Product Liability Standard
Jan 6 2014 // Union Carbide Corp. has until Jan. 27 to file a motion asking the Mississippi Supreme Court to review an unfavorable ruling in an asbestos case. The Supreme Court on Dec. 12 overruled a Smith County judge who threw out a...
Union Carbide Faces Deadline to File for Asbestos Case Rehearing in Mississippi
Jan 2 2014 // Union Carbide Corporation has until Jan. 27 to file a motion asking the Mississippi Supreme Court to review an unfavorable ruling in an asbestos case. The Supreme Court on Dec. 12 overruled a Smith County judge who threw...
Product Recall Capacity Needed for Life Sciences Segment
Oct 21 2013 // The life sciences industry has seen a dramatic increase in product recalls, and while insurance capacity for the life sciences industry generally has been increasing, insurers have been wary about offering more product...
Chinese Drywall Maker Questions Product Liability Ruling
Oct 21 2013 // A Chinese drywall manufacturer asked a federal appeals court on Oct. 9 to overturn a judge’s ruling that U.S. courts have jurisdiction over claims that its defective product wrecked thousands of homes. A three-judge...
AIG Launches Product Recall Estimate Service, Raises Contaminated Product Limits
Oct 16 2013 // In response to the growing financial impact and frequency of product recalls for food and beverage manufacturers, distributors and importers in the U.S. and Europe, American International Group (AIG) today launched NOVI, a...
Insurers: Product Recalls a ‘Death Sentence’ to Food Manufacturers, Coverage Demand Still Lags
Oct 7 2013 // Food recalls are on the rise, but that isn’t necessarily because food manufacturers are not meeting safety requirements and more food is contaminated or unsafe. In fact, insurers in the product recall space who...
LIU Launches Product Recall Policy for Packagers, Co-Packers
Sep 30 2013 // Liberty International Underwriters (LIU), part of Liberty Mutual Insurance, has launched LIU Packagers Protection, a new LIU product recall policy for packagers and co-packers. Designed specifically for packagers and...
XL Group Assembles Crisis Management Team in U.S.
Sep 4 2013 // XL Group has added a crisis management team to provide corporate clients in the U.S. with product recall, war, terrorism and political violence, kidnap, ransom, and extortion insurance. Led by Denise Balan in New York, the...
Ironshore Specialty Launches Claims-Made Policy Form for Product Liability Risks
Aug 20 2013 // Ironshore Inc.’s Specialty Casualty unit is launching a new claims-made policy form to complement its suite of products and services available to the commercial general liability market for prospective insureds...
Victims in Meningitis Outbreak Cleared to File Product Liability Suits
Jul 29 2013 // Victims in Tennessee of a deadly U.S. meningitis outbreak won the right to pursue a new avenue of litigation against healthcare facilities and doctors there, after a ruling by a U.S. bankruptcy judge this week. Tennessee...
Professional Risk Solutions to Offer Product Liability, Life Sciences Coverages
Apr 19 2013 // Wholesale Brokerage Professional Risk Solutions (PRS) has launched a new venture that extends its offerings to general and product liability coverages, as well as insurance options for the life sciences industry. Through...
Meningitis Lawsuits: Success Could Hinge on Whether Courts See Product Liability or Medical Malpractice
Nov 5 2012 // Victims of a deadly U.S. meningitis outbreak are starting to sue the physicians and clinics that administered tainted steroid shots, and the success of the suits could hinge on whether judges decide the injections are...
