product liability

July 11, 2017

Tire Industry Showing Steady Growth for 2017

In 2017, the entire tire market indicates modest positive growth. According to the latest Rubber Manufactures Association (RMA) industry forecast, the 2017 U.S. tire market will have a small growth (0.4%) in specific areas such as car and medium truck/bus tires. The replacement market forecast is slightly better. The passenger tire replacement rate may increase 0.3% and the light truck may have 0.9% growth, but the aftermarket of truck/bus tire shipments may have about 1.4% decrease. The total shipments are expected to increase 319.8 million units. So, the tire industry has attained a level of market stability in recent years. […]
June 19, 2017

Not exactly The Jetsons, but . . .

Is the future finally here? PAL-V has announced pre-sales of the first road- and sky-legal flying car to be delivered in 2018. While not exactly like the Jetsons, the car/helicopter hybrid is an impressive feat of technology. With all the exciting technological advances we are making, product liability insurance will be critical in protecting a company’s investments in their new inventions. Product liability insurance helps insulate your company from financial loss if your product is accused of causing injury or damage.  With every new advancement, your need for product liability grows.  New products will be under particular scrutiny for liability during […]
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 […]