E&S/Specialty

Tougher legislation, a growing number of recalls and amplified media scrutiny are driving increased interest in the market for Product Recall Insurance products, experts say.

It takes an experienced brokerage response squad to handle Product Recall events in todays high-profile and regulatory manufacturing environment, and Bill Harrison knows just the team.

Claims in the Product Recall segment tend to be substantial, as the dollar lossesespecially in the food & beverage industryare typically large and the repercussions extreme, experts say.

All force-placed insurance firms doing business in New York have now agreed to put in place reforms that will substantively reduce cost of the coverage to homeowners.

A Georgia-based insurance broker tells the FHFA that its proposal to end inappropriate force-placed commissions and reinsurance arrangements does not go far enough. Meanwhile, lawsuits over perceived unfair premiums continue in several states, notably Florida.

Despite 10 of the 12 costliest storms for insurers occurring within the last decade, industry expertsstaring in the face of yet another predicted above-average hurricane seasonsay insurers are prepared.