May 23, 2017

Even baby powder needs product liability

Almost everyone needs product liability…even if you only make baby powder. That’s right. Johnson & Johnson has successfully sued for a link between talcum powder use and cancer. Though some experts refer to the link as “junk science”, product liability cases have sprung up across the country. The largest product liability settlement yet came in May 4th $110.5 million. The plaintiff was actually a Virginia resident, but suit was filed in Missouri based on another victim, to make use of Missouri state laws that favor plaintiffs. So, even baby products can create product liability messes. Talk to us about your […]
May 1, 2017

The high costs of product recalls

Product recalls can be costly, but many businesses do not buy coverage By Erin Ayers, Advisen From vehicles to mobile phones to nut butter, product recalls have the potential to seriously affect businesses’ bottom lines, but many organizations don’t realize the need for product recall insurance, according to Florian Beerli, senior vice president at Chubb. “There’s a lack of education and understanding of what the coverage does cover,” Beerli said in a recent interview with Advisen. Some manufacturers may feel they have coverage for costs related to recalling and replacing products along with financial loss through their product liability coverage. […]