Claims pertaining to food-related issues are often overlooked until it's too late. Here is an in-depth view of foodborne illness claims and how to protect against potential gaps in coverage.
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.
A Travelers survey reveals that some 75 percent of leading manufacturers have expanded their products or services in the past year or expect to do so by years end.
Any company involved in food production saw its Product Recall risk greatly magnified last year with the enactment of the U.S. Food Safety Modernization Act (FSMA), says Louis Lubrano, New York-based senior vice president of global crisis management for Liberty International Underwriters (LIU).
With Workers Compensation, the big shift is the medical component of costs exceeding indemnity costs. With Supply Chain risk, its the realization that supply and upstream customer chains can be far more fragile than anticipated in a catastrophe. And for food processors, the emerging challenge is a food-safety law that...