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Product recalls are costing companies and insurers billions, and the numbers are expected to increase.

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An automotive technician works on a Honda car at a service centre in Kuala Lumpur, Malaysia, Monday, June 27, 2016. A Malaysian woman has died after the airbag in her Honda City ruptured in a minor collision, a safety official said Monday. (AP Photo/Joshua Paul)

(Bloomberg) – Honda Motor Co. said a Takata Corp. air bag ruptured in a fatal accident in Malaysia on Sunday, potentially raising the number of deaths linked to the faulty devices to 15 worldwide.

Instant InsightsProduct liability & recall insurance for businesses

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