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 incurred by a direct customer of the insured in the …
Chubb Agribusiness has added product withdrawal coverage to its package policy for businesses that grow, manufacture, and distribute consumable products. The new coverage insures the expenses as a result of a withdrawal initiated by the insured or a governmental authority. …
Pilgrim’s Pride in Waco, Texas is expanding a 5 million pound recall that federal food safety regulators say includes a variety of chicken products potentially contaminated with foreign materials. Friday’s announcement is the second expansion of a recall that began …
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 party coverage and it allows clients to …
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 endorsement offers coverage to food and beverage policyholders for cyber extortion …
Blue Bell Creameries told federal inspectors that it believes that listeria bacteria spread at its Oklahoma plant through a drainage system, but the company said it couldn’t identify a single source of listeria that contaminated equipment at its flagship facility …
Mars Inc. has recalled chocolate bars and other products in 55 countries, mainly in Europe, due to choking risk after a piece of plastic was found in a Snickers bar in Germany. All of the recalled products, which include Mars, …
Allied World Assurance Company Holdings, AG announced the launch of “a new Global Crisis Management Division, which is comprised of Structured Trade Credit, Political Risk, Multi-Buyer Trade Credit & Product Recall, which will operate under the leadership of Todd Germano, …
Most of Texas will have Blue Bell ice cream this week after months of cleaning production plants and regulatory reviews following listeria contamination. The Brenham-based company on Dec. 14 began returning ice cream to more retail outlets. Sites include Abilene, …
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 insurance industry …
