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
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
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
Good morning and welcome to the start of another week. Here is what I am reading as we kick off the final week in June: How CRISPR Gene Editing Is Revolutionizing Medicine And The Companies Who Invest In It Targeting cancer cells' escape vehicles to stop tumor metastasis Does your clinical trial policy include coverage … Continue reading Monday Morning Reads
Good morning, this is what I'm reading this morning: Have Johns Hopkins Biomedical Engineering Students Solved The Nuisance Of Nasal Congestion? The best medical technology innovations at Tech London Advocates’ HealthTech Innovator conference FDA to issue guidance on cell and gene therapy in July Boston Scientific wins third Mass. pelvic mesh trial
For companies just starting out or at Seed stage, insurance is usually something that is not thought about until someone you are doing business with asks for evidence of your insurance program. At that point it means the insurance was usually already required as part of a lease, a contract, a statutory requirement or a … Continue reading I’m a Startup and Need Insurance…Now!