Latest Product Liability Headlines
All the headlines from our Product Liability Topic Page, ordered by recency.
Businesses Should Expect More Product Recalls, Regulations After Covid: Sedgwick
May 20 2021 // While the effects of the COVID-19 pandemic have kept inspections and product recall incidents at low levels, businesses should expect a an upsurge in recalls as the world begins to re-open. They should also prepare for the...
Supreme Court Rejects Ford Stance in Product Liability Venue Dispute
Mar 26 2021 // The U.S. Supreme Court on Thursday unanimously ruled against Ford Motor Co. in a case in which the second-largest U.S. automaker had sought to bar two state courts from hearing product liability suits involving a pair of...
Crum & Forster Acquires Aspen’s Food and Beverage Product Recall Business
Dec 2 2020 // Specialty insurer Crum & Forster (C&F) has acquired the renewal rights of Aspen’s U.S. food and beverage product recall insurance portfolio written primarily through the excess and surplus lines market. The...
Johnstone Partners Hires Friedman as an Adjuster in New York
Nov 9 2020 // Johnstone Partners has expanded its national risk management and claims adjusting practices with the hire of Andrew Friedman in New York. Friedman joins Johnstone Partners as an adjuster with six years of claims...
Beazley Expands Life Sciences Insurance Offering in UK
Sep 28 2020 // Specialist insurer Beazley has enhanced its life sciences insurance offering in the UK with the launch of a new policy designed to protect the sector’s small and start-up research & development-focused...
Why Manufacturers Cannot Underestimate the Cost of a Recall Event
Sep 21 2020 // The latest recall by Nissan of hundreds of thousands of vehicles in North America in June to resolve a latch problem that may allow the hood to fly open while the cars are moving comes on top of three previous recalls for...
Hiscox Unites 3 Special Risk Teams Under a New Crisis Management Division
Sep 9 2020 // Specialist insurer Hiscox has created a Crisis Management division within its London Market business to include kidnap and ransom, security incident response, terrorism, product recall and personal accident lines. Headed...
Calif. Court Rules Amazon Liable Like Other Retailers for Defective Products
Aug 14 2020 // Amazon.com can be held liable like other traditional retailers for injuries from defective products sold via its sprawling e-commerce marketplace, a California state appeals court ruled on Thursday. The decision overturned...
Allianz Global Corporate & Specialty Sells U.S. Products Recall Business to Axon
Aug 5 2020 // New Jersey-based specialty lines program administrator Axon Underwriting Services has acquired the renewal portfolio of Allianz Global Corporate & Specialty’s (AGCS) U.S. contaminated and consumer products recall...
AstraZeneca Gets Protection from Future Product Liability Claims for COVID Vaccine
Aug 3 2020 // AstraZeneca has been granted protection from future product liability claims related to its COVID-19 vaccine hopeful by most of the countries with which it has struck supply agreements, a senior executive told...
Axon Underwriting Forms Product Recall Crisis Management Division
Jun 15 2020 // Axon Underwriting Services LLC, a specialty lines program administrator, has formed Axon Crisis Management to offer its product recall and foodborne illness and contamination products for U.S. domiciled...
Edge Computing, Supply Chains, Deepfakes Among 2020’s Top Emerging Risks: Swiss Re
Jun 12 2020 // Pandemic threats were once on the list of potential emerging risks facing the insurance industry and society. Now that this risk has materialized with the COVID-19 crisis, it is perhaps a good time to take a look at the...
COVID-19 Clouding Cannabis Industry Pitfalls Amid Upbeat Outlook
May 18 2020 // The cannabis industry is being affected by COVID-19 much like other business sectors, but the complexities of this budding industry make its eventual recovery from the pandemic and ensuing economic fallout even harder to...
Beazley Hires Underwriting Team to Build Product Recall Insurance Offering
Apr 28 2020 // Specialist insurer Beazley is introducing a new product recall insurance policy for private enterprises in the U.S., with a planned launch in the second quarter of 2020. The company has appointed a new underwriting team...
4 Ways COVID-19 Will Change Cannabis and Insurance
Apr 20 2020 // One may not need to be able to read the cannabis leaves to divine the impact of the COVID-19 pandemic on cannabis and insurance. Some good guesses from any insurance professional with their foot in the door of a...
4 Ways COVID-19 Will Change Cannabis and Insurance
Apr 9 2020 // One may not need to be able to read the cannabis leaves to divine the impact of the COVID-19 pandemic on cannabis and insurance. Some good guesses from any insurance professional with their foot in the door of a...
Cannabis Power Brokers Tackle Five Pressing Insurance Questions
Feb 27 2020 // The cannabis business is a frontier industry that continues to offer no shortage of unique challenges to regulators, as well as boundless questions for industry watchers and ancillary businesses like insurance. Key...
Reuters Report: How Secrecy in Courts Stymies Safety Regulators
Jan 17 2020 // LEBANON, Ohio — Something wasn’t right with the Rhino. Reports started trickling in to the Consumer Product Safety Commission (CPSC) in 2005 of people being killed or injured in the Yamaha Motor Co. off-road...
2020 Predictions from Cannabis Industry Experts: More Insurance Business
Jan 2 2020 // More legalization in more states. More product liability risks. More regulations. More M&A. More of many things is what insurance professionals involved in the cannabis industry can expect in 2020. Insurance Journal...
Reuters Report: Why Big Business Can Count on Courts to Keep Deadly Secrets
Dec 20 2019 // In the dreary archives of a Newark, New Jersey, courthouse, Ronald Motley found a treasure map. It was an evidence log, a detailed inventory of documents and other exhibits that had been used in an injured worker’s...
