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

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Nike basketball shoe blowout may be a ‘classic’ liability case

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Nike shoe breaks apart Teammates RJ Barrett #5 and Marques Bolden #20 of the Duke Blue Devils watch as Zion Williamson #1 of the Duke Blue Devils reacts after falling as his shoe breaks against Luke Maye #32 of the North Carolina Tar Heels during their game at Cameron Indoor Stadium on February 20, 2019, in Durham, North Carolina. (Photo: Streeter Lecka/Getty Images)

The high-profile failure of a Nike Inc. basketball shoe on Wednesday night was more than an epic embarrassment for the athletic brand. It could be a product-liability case.

Instant InsightsProduct liability & recall insurance for businesses

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