Product Recall

Boeing’s 737 Max Production Slowdowns, Legal Battles Highlight Supply-Chain Vulnerabilities

After two devastating crashes that resulted in the loss of hundreds of lives, Boeing has grounded its 737 Max planes. Multiple sources have linked the crashes—Lion Air Flight 610 in October 2018 and Ethiopian Airlines Flight 302 in March 2019—to the Maneuvering Characteristics Augmentation System (MCAS), the plane’s automatic safety system, though the U.S. Federal…

Food Poisoning Lawsuits Total $6 Million in Nashville Case

Nashville restaurant Milk and Honey faces more than $6 million in damages from four separate lawsuits alleging at least 20 patrons were sickened by short rib gnocchi served at the restaurant on August 3 and 4, 2018. The gnocchi contained what the USDA determined were Salmonella-contaminated eggs from Alabama-based supplier Gravel Ridge Farms. The lawsuits…

From Motorcycles to Life-Saving Devices, 3D Printing Full of Promise and Risk

Every day, it seems, brings news of another milestone achieved thanks to 3D printing. Just last month doctors at Penn State Children’s Hospital surgically implanted a 3D-printed esophageal “splint” in 13-month-old Ramiah Martin, who was born without a trachea and with a malformed esophagus. Digital manufacturer Carbon and football helmet designer Riddell recently announced plans…

Insuring Santa Claus

From his bustling workshop to his nine loyal reindeer, Santa Claus operates one of the most complex enterprises in the world. That level of global intricacy requires an expert review of risk management strategies. “There are a number of insurance products that I would think Santa would have in place,” said Chris Zoidis, Corporate Executive…

43 People in 12 States Sickened by E. Coli Outbreak

When the Centers for Disease Control (CDC) issued a stark warning just before Thanksgiving about E. coli and romaine lettuce, restaurants and grocers across the country amended menus and pulled the produce from shelves. In the days since that warning, the CDC has said the lettuce is likely safe to eat, as long as it…

Cannabis: A Growing Risk

Between the national legalization of recreational marijuana use in Canada effective October 17 and the ongoing state ballot proposals related to public consumption in the U.S., cannabis remains one of the most debated topics for consumers and business owners today. Many Canadian businesses have already begun to make edible cannabis products even before those types…

Outbreaks from Eggs, Romaine Lettuce Show Need for Product Recall Coverage

Major recalls of romaine lettuce and more than 200 million eggs this past week are impacting millions of U.S. consumers. As new information is made available on the causes of these food contaminations, the financial consequence to the suppliers and distributors involved is expected to be significant depending on the type of Product Recall Insurance…

Why Every Restaurant Needs Product Recall Insurance

Every year, contaminated food causes 48 million people to become sick, putting more than 128,000 individuals in the hospital1. With more than 1 million restaurants in the United States, foodborne illness can have huge implications for people, communities, and businesses2. While a large restaurant chain like Chipotle may have their bases covered to navigate a…

Ask the Expert: Products Liability Coverage

Insurance Market Source regularly taps into its network of experts for insight into key trends across the insurance landscape. Tyson Peel, National Property & Casualty Manager, Burns & Wilcox Canada, shares his insight on Products Liability Coverage.  Q: Why is the location of where a product is made important to Products Liability Coverage? Tyson Peel (TP): Brokers…

Product Recall Insurance Checklist for Brokers

Product recalls are rising. Annual food recalls have doubled since 2002 and vehicle recalls computed to more than three times the number of cars sold1. Outside of what is seen in the mainstream media, there are countless more product recall incidents occurring, especially in small and mid-size businesses. Any recall can be a costly undertaking—making Product…