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Product Recall

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Experts say counterfeit hand sanitizer recall is a lesson for retailers

October 22, 2020 Tara Deschamps - THE CANADIAN PRESS

TORONTO – Dollarama Inc. is removing a counterfeit and recalled hand sanitizer from its shelves, which experts say should serve as a reminder of how important it is for retailers and consumers to do their due diligence when shopping. “Since

News Insurance

Product safety: Good for consumers but costly for insurers

October 6, 2020 by Adam Malik

The good news is that Canada has stringent rules around food and consumer products, which makes it no surprise that there can be many recalls. The flip side, however, is that insuring for recalls is taking its toll on the

News Insurance

Opinion: Why brokers can’t ignore recall insurance for their clients

July 22, 2020 Lucie Dean, CFC Underwriting

Brokers should ensure they are providing standalone product recall insurance options to their clients. Product recalls are a regular occurrence. Without adequate coverage when one takes place, your commercial clients have a large risk exposure on their hands. One recent

News ClaimsClaims CanadaLegal

Coverage dispute from 1999 spoiled food recall finally ends

February 24, 2020 by Greg Meckbach

Twenty years after a loss resulting from food getting infested with insects, a commercial client has lost its coverage dispute with St. Paul Fire and Marine Insurance Co. The Supreme Court of Canada announced Thursday it had denied leave to

News Insurance

Insurance hard to obtain for this food processor

December 20, 2018 by Greg Meckbach

Product liability and recall insurance is expensive and hard to place, a large chicken processing firm reported Thursday. Sanderson Farms Inc. said its business carries several risks, including product liability claims, product recalls, property damage and injuries to people. “The

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Risk of Recall

September 15, 2017 Cameron Brady, Assistant Vice President, Product Recall Underwriting, Chubb

Product recalls can have a significant impact on a business, regardless of its industry, size or location. Brokers need to keep abreast of associated risks to inform clients about what insurance coverage should be in place and to help them develop a product recall plan that best suits their needs and exposures.

News InsuranceMarkets / CoveragesMergers and Aqcuisitions

Larger liability claims expected to become more expensive, complex: AGCS

March 30, 2017 by Canadian Underwriter

There is increasing potential for “larger liability claims to become more expensive, complex and international, demonstrating the pervasive and long-term nature of liability losses,” suggests a new global claims review released Thursday by Allianz Global Corporate & Specialty (AGCS). Industrial,

News InsuranceLegalMergers and Aqcuisitions

Allied World launches product recall insurance products in North America

April 7, 2016 by Canadian Underwriter

Allied World Assurance Company Holdings, AG announced Thursday that the company’s product recall insurance products will be available in Canada and the United States as part of its Global Crisis Management Division. The product recall insurance offers both first-party and