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Insights

COVID-19, Construction, Emerging Risks, Energy, Manufacturing, Product Recall, Property & Casualty, Real Estate, Transportation

Navigating the Casualty Market’s Response to COVID-19

04/15/20

The Casualty market’s response to COVID-19 is continuously evolving. With a wide array of factors already impacting this sector pre-crisis, segments of the Casualty marketplace are responding to the pandemic differently. In this article, our industry specialists share overall themes in the Casualty market and take a closer look at how various segments are being impacted.

Casualty, Construction, Product Recall, Property & Casualty, Public Entity, Transportation

State of the Casualty Market - Q1 2020

02/20/20

There are few exceptions to the hardening market faced by casualty buyers, and conditions are expected to last through the first half of 2020 and potentially beyond. In this quarter’s article we examine many facets of the current casualty market and the potential impact on your business.

Casualty, Manufacturing, Product Recall, Property & Casualty

Understanding the FDA’s Mandated Recall Authority and Insurance Implications

In November 2018, the FDA released new guidance on how and why it will utilize its statutory power to mandate recalls under the Food Safety Modernization Act (FSMA). To adapt to the new requirements, companies face a financial burden related to improving technology and allocating appropriate labor. This article provides insight into the FSMA and the importance of an insurance policy that responds to government intervention and mandated recalls.

Casualty, Product Recall, Property & Casualty

Whole Genome Sequencing and the Increase in Food Contamination Recalls

The number of food contamination recalls continues to grow at a record-setting pace. In large part, the exponential increase in food recalls is a result of government regulatory bodies’ growing use of Whole Genome Sequencing (WGS) to identify the source of the contaminants. This article discusses the revolutionary impact of WGS on the food production industry.

Casualty, Product Recall, Property & Casualty

Case Study: Ingredient Manufacturers and Their Product Recall Insurance Risk

Ingredient manufacturers sell their product to other manufacturers who use it to make other products, some of which are ingredients themselves. This positions ingredient manufacturers uniquely in the event of a recall, since they may need to indemnify large financial losses sustained by multiple third parties.​ 

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