Food Safety Insurance And The FDA's Forthcoming Rule
Law360, New York (June 16, 2015, 10:25 AM EDT) -- A recent ruling by the California Supreme Court continues a national trend of decisions over the past several years denying coverage for potential contamination incidents under product contamination insurance (PCI) policies. The latest decision is rendered at a critical time for the food industry. By the end of summer, food companies face regulatory transformations not seen since early last century. The regulatory "climate change" for the food industry is coming quickly and companies' brokers and insurers must be prepared for the inevitable challenges. Food companies need to analyze and understand the impact the new regulatory environment will have on their operations and consider proper protection in the event of a recall crisis. Brokers and underwriters would be well advised to analyze current PCI wordings and coverage offerings in consideration of the enhanced risks brought about by the regulatory climate change....
Law360 is on it, so you are, too.
A Law360 subscription puts you at the center of fast-moving legal issues, trends and developments so you can act with speed and confidence. Over 200 articles are published daily across more than 60 topics, industries, practice areas and jurisdictions.
