Unpeeling The Layers Of Recall, Contamination Policies
March 2, 2012, 1:28 PM EST
Law360, New York (March 2, 2012, 1:28 PM EST) -- Experts speculated that the passage of the Food Safety Modernization Act in early January of 2011 would cause a surge in U.S. Food and Drug Administration (FDA) recalls of food products and a corresponding increase in demand for specialty insurance policies to counteract this increased risk.
These predictions have proven spot on. While experts may disagree as to what caused the sharp increase in recalls, FDA data released in February shows there was a 50 percent increase in recalls for foods regulated by the FDA during...