Product recall insurance demand to rise in 2022, lawyers predict
December 10, 2021 Canadian Underwriter StaffComplex global supply chains, inconsistent regulations across jurisdictions, adoption of automation and the COVID-19 pandemic, will lead to a rise in product recalls, two Borden Ladner and Gervais lawyers said in a recent blog. “We predict 2022 will see more…
Supreme Court sides with Maple Leaf Foods in case sparked by meat recall
November 9, 2020 Jim Bronskill - THE CANADIAN PRESSOTTAWA – A Supreme Court of Canada ruling has dealt a blow to Mr. Sub franchisees in their quest for compensation over losses experienced during a Listeria outbreak. In a 5-4 decision Friday, the top court said Maple Leaf Foods…
Opinion: Why brokers can’t ignore recall insurance for their clients
July 22, 2020 Lucie Dean, CFC UnderwritingBrokers 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…
Insurance hard to obtain for this food processor
December 20, 2018 by Greg MeckbachProduct 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…