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

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The faulty Takata inflators can explode in a crash and spray vehicle occupants with metal shards. (AP Photo/Matt Rourke)

(Bloomberg) – BMW AG is recalling about 230,000 vehicles in the U.S. after discovering that some may have been fitted with defective Takata Corp. airbag inflators during repairs, such as after a crash in which the devices deployed.

Instant InsightsProduct liability & recall insurance for businesses

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