While wildfires raged this year in California, Colorado and Arizona, high-net-worth insurers were there too, providing fire deterrent services to the mansions and sprawling estates of their private-client insureds.

Louis Lubrano, senior vice president of Global Management for Liberty International Underwriters, speaks with PC360-NU about food safety and his company's product recall, product contamination, and consultancy solutions.

Product Recall Insurance is one of the more high-profile products in the Excess & Surplus arena, with some 59 million products recalled last year and product-recall claims hitting seven figures. Click to see the Top 10 Product Recalls in 2012.

Product Recall Insurance is one of the more high-profile products in the Excess & Surplus arena, with some 59 million products recalled last year and product-recall claims hitting seven figures. Click to see the Top 10 Product Recalls in 2012.

The construction industry may not make a major comeback any timesoon in New York State, where labor laws as applied to the construction insurance business are doubling rates and driving carriers away, experts say.

Claims in the Product Recall segment tend to be substantial, as the dollar lossesespecially in the food & beverage industryare typically large and the repercussions extreme, experts say.

For Nicky Alexandru, head of Crisis Management and vice president of Global Casualty for AIG, the Product Recall segment is an ongoing process of discovery.

Tougher legislation, a growing number of recalls and amplified media scrutiny are driving increased interest in the market for Product Recall Insurance products, experts say.