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

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Dealers will install water shields to side door latches on some 2015 to 2017 model year trucks to correct the issue. (AP Photo/David Zalubowski)

(Bloomberg) – Ford Motor Co. is recalling 1.3 million F-Series trucks, its best-selling and most profitable model line, costing its North American unit an estimated $267 million in the final three months of the year.

Instant InsightsProduct liability & recall insurance for businesses

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