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

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Fiat Chrysler agreed to voluntarily install trailer hitches on 1.56 million 2002-2007 Jeep Liberty SUVs to protect their fuel tanks in 2013. Hill’s vehicle had the trailer hitch recall performed. (AP Photo/Gene J. Puskar)

(Bloomberg) – A fatal accident this week involving a Jeep SUV has revived criticism from safety advocates that a federally sanctioned recall plan to keep the vehicle’s fuel tank from igniting in rear-end crashes didn’t go far enough to protect motorists.

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