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One of the realities of operating in a global economy is the rising number of today’s products liability claims relating to defective products that were manufactured overseas. The U.S. Consumer Product Safety Commission (CPSC) reported in 2007 that the value of 2006 United States imports from all countries under its jurisdiction totaled $614 billion. Of this amount, approximately 40 percent of all consumer products imported into the United States were from China. According to the CPSC report, approximately two-thirds of all product recalls are of imported products, and the vast majority of these recalls involve Recommended Stories
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eBook
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The Future of P&C Insurance: The Race to Contain Costs Amid Rising Catastrophic Losses
The P&C insurance sector is currently facing challenges. This eBook outlines the most pressing problems, the most promising solutions, and a few examples of these principles in action.
Case Study
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Revolutionizing Claims Processing: How a Leading Insurer Transformed Water Mitigation Reviews
Discover how one insurer drastically improved the efficiency of their water mitigation claim reviews, reducing costs and time while enhancing decision-making. Learn how this approach can transform your claims process, making it faster, more accurate, and less resource-intensive.
Assessment
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Distribution Channel Management Assessment
Navigating today’s insurance landscape requires more than instinct. Assess the strengths and gaps in your distribution strategy with this comprehensive tool. Discover actionable insights to refine operations, enhance data quality, ensure compliance, and scale efficiently. Evaluate your current capabilities and see where you stand across five crucial areas. Start building a more resilient and agile network today.
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