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

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A 2011 Chrysler 200 is shown outside the Chrysler Sterling Heights Assembly plant in Sterling Heights, Mich., Monday, Dec. 6, 2010. (AP Photo/Paul Sancya)

(Bloomberg) – Fiat Chrysler Automobiles NV said it’s recalling about 1.4 million cars and trucks in the U.S. to repair a condition that may keep seat-belt tighteners and air bags from deploying in a crash.

Instant InsightsProduct liability & recall insurance for businesses

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