Liberty International Underwriters, part of Liberty Mutual Insurance, has launched an Automotive Components Product Recall Policy designed to cover first and third party recall expenses. The policy coverage encompasses critical, noncritical and after-market parts with limits of $5 million primary …
Volkswagen announced plans on Tuesday to refit up to 11 million vehicles and overhaul its namesake brand to try to move on from the scandal over its cheating on diesel emissions tests. New Chief Executive Matthias Mueller said the German …
The U.S. regulator overseeing the replacement of Takata Corp. air bags is considering an order that would expand the recalls and has contacted seven manufacturers who could be affected, including Volkswagen AG and Tesla Motors Inc. Takata identified the seven …
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 liabilities related to automotive recalls. Recently, …
