Number of Product Recalls Has More Than Doubled Over 10-Year Period

Advisen, the leading provider of data, media, and technology solutions for the commercial property and casualty insurance market, today announced the release of a paper that discusses the economic impacts of product recalls and the importance of having recall insurance.

The paper highlights:

• the increasing trend of product recalls from 2005 – 2014

• probability of experiencing a recall of a certain size

• industry composition by type of recall for consumer products, foods/beverages/drugs, and agricultural/environmental

• actual case studies of product recalls

The number of product recalls among food and non-food manufacturers has increased significantly.

Read more at http://bit.ly/2agSb4K

Advisen Ltd. (2016). Number of product recalls has more than doubled over 10-year period [White paper]. Retrieved from http://www.advisenltd.com/2016/07/20/product-recalls-doubled-in-10-years/