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 offers expanded digital technology coverage providing out-of-pocket recall …
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 ThreeSixty” (with recall reimbursement expense) offers a crisis management feature to assist clients …
General Motors Co. has retained Kenneth Feinberg, who supervised claims funds after the BP Plc oil spill and other calamities, as a consultant to explore options for families of accident victims whose vehicles are being recalled for ignition-switch defects. Calling …
General Motors Co. took advantage of a regulatory gray area to address an engine defect almost a decade ago, leaving most car owners unaware that their vehicles may have been unsafe. Rather than issue a recall, GM sent notices to …
A compounding pharmacy in Asheville is recalling sterile products because of the possibility of contamination. Nature’s Pharmacy and Compounding Center is voluntarily recalling sterile products produced over a six-month period, The Asheville Citizen-Times reported. The U.S. Food and Drug Administration …
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 web-based service to help companies estimate the …
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 co-packers of topical and ingestible products, the LIU Packagers Protection policy …
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 new team has underwriters …
A defiant Chrysler is refusing to recall about 2.7 million Jeeps the government says are at risk of a fuel tank fire in a rear-end collision. The National Highway Traffic Safety Administration sent Chrysler a letter asking that the company …
The Food and Drug Administration is warning doctors that a Georgia-based compounding pharmacy is recalling dozens of lots of the Roche drug Avastin after receiving reports of eye infections among patients. The FDA said last week that Clinical Specialties of …
