All the headlines from our Product Liability Topic Page, ordered by recency.
Dec 5 2014 // ACE Westchester has launched ACE Recall Plus for Small Business, a product that offers product recall coverage and crisis management services to the small business market segment.The move follows an increase in the...
Nov 18 2014 // Confidential settlements over defective Takata Corp. air bags are sealing off relevant information that other victims could use to pursue injury claims.The accords make financial sense for the settling parties, but Takata...
Aug 11 2014 // Alarmed by mounting cyber threats around the world and across industries, a growing number of security experts see aggressive government action as the best hope for averting disaster.Even though some experts are outraged...
Jun 27 2014 // Efforts by business leaders to give companies more protections from North Carolina product liability lawsuits appear derailed in the House. A House panel this week endorsed a Senate measure that previously would have made...
Jun 4 2014 // General Star Management Co. has added product liability coverage to its suite of delegated authority product offerings. The new product liability feature consists of 50 classes and will be immediately accessible to all...
May 28 2014 // Google has announced a truly “driverless” car that lacks a steering wheel, brakes or anything else that allows a driver to control its movements. This actually strikes me as a much bigger deal for the insurance...
May 27 2014 // Since taking over the legislature in 2011, North Carolina Republicans have trumpeted passing legislation designed to draw back the hand of government hanging over the private sector by getting rid of regulations they...
May 15 2014 // 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...
May 12 2014 // Company Doe is a secret no more.Ergobaby, a company that makes and sells baby carriers, acknowledged last Thursday it is the firm known as “Company Doe” in a lawsuit against the Consumer Product Safety...
Apr 17 2014 // Willis Group Holdings has announced the launch of a new product contamination insurance proposition, in partnership with XL Group, Willis Limited’s Food and Drink and Faber Global teams, in association with BRC...
Apr 15 2014 // 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...
Mar 6 2014 // The global insurance segment of XL Group plc announced the launch of its new product – Automotive Recall Plus – which it described as an “innovative product designed for the automotive supplier industry. It...
Mar 5 2014 // How can agents communicate the importance of this type of exposure to the industry? There is a natural resistance by all companies in buying additional insurance. A recall event is not a physical damage event. It does not...
Jan 6 2014 // Union Carbide Corp. has until Jan. 27 to file a motion asking the Mississippi Supreme Court to review an unfavorable ruling in an asbestos case.The Supreme Court on Dec. 12 overruled a Smith County judge who threw out a...
Jan 2 2014 // Union Carbide Corporation has until Jan. 27 to file a motion asking the Mississippi Supreme Court to review an unfavorable ruling in an asbestos case.The Supreme Court on Dec. 12 overruled a Smith County judge who threw...
Oct 21 2013 // The life sciences industry has seen a dramatic increase in product recalls, and while insurance capacity for the life sciences industry generally has been increasing, insurers have been wary about offering more product...
Oct 21 2013 // A Chinese drywall manufacturer asked a federal appeals court on Oct. 9 to overturn a judge’s ruling that U.S. courts have jurisdiction over claims that its defective product wrecked thousands of homes.A three-judge...
Oct 16 2013 // 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...
Oct 7 2013 // Food recalls are on the rise, but that isn’t necessarily because food manufacturers are not meeting safety requirements and more food is contaminated or unsafe. In fact, insurers in the product recall space who...
Sep 30 2013 // 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...