Latest Product Liability Headlines
All the headlines from our Product Liability Topic Page, ordered by recency.
LIU Adds Cyber Extortion Endorsement to Product Recall Policies
Apr 7 2016 // 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...
10 Things to Know About Product Recall
Mar 21 2016 // The food and beverage sector continues to see pressure on pricing of product contamination coverage, following a number of new carrier markets opening in the past 12 months. —John Turner, head of U.S./Canada Product...
Steps to Prepare for the Worst and Best Outcome in Recalls
Mar 21 2016 // Product recalls are on the rise. Last quarter alone, there were dozens of recalls, including peanut butter, cars and bicycles. As consumer safety concerns come under greater regulation and scrutiny, recall risks are not...
General Star Adds Product Liability Coverages for Manufacturers, Distributors
Mar 18 2016 // General Star Management Co. has launched a trio of specialized product liability coverages called “Encore!” designed to protect manufacturers, importers and distributors from product liability exposures arising...
ACE Westchester Enhances Product Recall Insurance Offerings
Dec 18 2015 // ACE Group has launched a series of policy enhancements to its ACE Recall Plus and ACE Recall Plus for Small Business coverage. The new policy terms include: Coverage for voluntary, involuntary, and mandatory stock...
Fitch: Overall P/C Reserves Adequate; Prior Years’ Favorable Trend Continues
Dec 18 2015 // Property/casualty insurers continued to take down loss reserves for prior years in 2014, which marked the ninth straight calendar year of favorable development for the industry in aggregate, according to a new report from...
Hiscox Launches Product Recall Team in London, with 4 Appointments
Dec 7 2015 // 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...
Ironshore Launches Product Liability Endorsements for Manufacturers
Nov 5 2015 // Ironshore Specialty Casualty has created a new suite of endorsements to address the products liability exposure of manufacturers and distributors. Coverage is underwritten on a primary basis with limits available of up to...
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...
