Product recall is one of the most confusing coverages in insurance, particularly when it is included in a Product Liability policy. Find out what constitutes "Product Recall Expense" coverage and what is actually covers and does not cover in this 3 minute video. https://youtu.be/utehzskKSmw
Tag: Products Liability
The Perils of Product Liability Insurance When Mass Litigation Strikes
Based on a report yesterday from the Cook County Register, a settlement has apparently been reached between Abbvie and plaintiffs in the testosterone replacement therapy drug cases. Currently there are 25,000 cases pending and this settlement could bring to a close the latest chapter in life science mass product litigation. What has most likely prompted … Continue reading The Perils of Product Liability Insurance When Mass Litigation Strikes
Possible Opioid Settlement and the Role of Product Liability Insurance
The recent headline, “Opioid Lawsuits Look More Like A Tobacco Settlement Every Day” in Forbes grabbed my attention for reasons I will explain. As you know, I help life science companies develop and implement insurance programs that enables them to transfer risk to the insurance company. So when you see a headline that reads like … Continue reading Possible Opioid Settlement and the Role of Product Liability Insurance
MattCorc 