Insurance giant State Farm might be checking its own product recall and liability coverages after the U.S. Consumer Product Safety Commission announced the insurer agreed to a voluntary recall of a promotional toy.
The product, referred to in the notice as the State Farm Good Neigh Bear, is a plush teddy bear dressed in a State Farm t-shirt. It was given away free through company agents and at company-sponsored events from Sept. 2005 through March 2007. Approximately 800,000 of the bears were distributed in the U.S.
The problem, according to the Commission, is that the plastic eyes of the bears can detach, posing a choking hazard to young children. State Farm agreed to voluntarily recall the items when it received a report that an eye had detached and a child had placed it in her mouth. No injuries were reported.
Want to continue reading?
Become a Free PropertyCasualty360 Digital Reader
Your access to unlimited PropertyCasualty360 content isn’t changing.
Once you are an ALM digital member, you’ll receive:
- Breaking insurance news and analysis, on-site and via our newsletters and custom alerts
- Weekly Insurance Speak podcast featuring exclusive interviews with industry leaders
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical converage of the employee benefits and financial advisory markets on our other ALM sites, BenefitsPRO and ThinkAdvisor
Already have an account? Sign In Now
© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.