by Jennifer Schuler | December 3, 2018 | Casualty, Construction, Corporate Governance & Risk Management, Cyber & Technology, Directors & Officers, Energy, Food Safety, Global Risk, Insurance Market, Marine, Product Recall, Property, Real Estate, Risk Management, Surety, Transportation, Uncategorized, Workers' Compensation
Despite strong financial performance, the US property and casualty (P&C) market is still in a modest transition, as there is a continued increase in the frequency of severe claims and a prolonged period of large weather events. This is leading the market to be...
by Ian Harrison | December 22, 2016 | Product Recall, UK (United Kingdom), Uncategorized
Product failure is widely seen as a growing commercial exposure for manufacturers. We only need to look at Samsung Electronics’ recent exploding phone scandal to get a sense of the possible impact. The South Korean company’s flagship Galaxy Note 7 smartphone...
by Ian Harrison | March 14, 2016 | Food Safety, Product Recall
Food recalls are on the rise with 25 already this year, according to a January 29 Forbes article. Even so, many companies don’t have insurance coverage to protect themselves. You may be surprised to learn a standard property & casualty policy does not cover the...
by Ian Harrison and Adrian Parker | April 2, 2015 | Product Recall, Risk Management
Marketing product recall insurance has now moved from agreeing the concept of cover (‘Why should I buy this?’), to cost of coverage (‘What value do I get from this?’), to the final stages of clarity (‘Will the cover perform?’) and claims (‘Will all my financial losses...
by Ian Harrison | February 23, 2015 | Product Recall
As with many developing niche insurance markets, the product recall market currently faces a potential crisis of confidence. Losses are building, new regulations and political issues are impacting insureds, and pricing competition and wording creep are making the...
by Ian Harrison | September 18, 2014 | Product Recall, Risk Management
As with many developing niche insurance markets, the product recall market currently faces a potential crisis of confidence. Losses are building, new regulations and political issues are impacting insureds, and pricing competition and wording creep are making the...
