05/15/2017: PRODUCT RECALL: A RISING THREAT DISRUPTING THE FOOD & BEVERAGE INDUSTRY
Few threats can disrupt food and beverage operations more significantly than product recalls. The globalization of production and distribution has undeniably expanded product selection, but it also has increased the potential for disruptive recall incidents.
03/31/2017: PRODUCT RECALLS CAN BE COSTLY, BUT MANY BUSINESSES DO NOT BUY COVERAGE
From vehicles to mobile phones to nut butter, product recalls have the potential to seriously affect businesses' bottom lines, but many organizations don't realize the need for product recall insurance, according to Florian Beerli, senior vice president at Chubb.
11/03/2016: THE GROWING PRODUCT RECALL MARKET AND ITS CHALLENGES
Product recalls aren’t just happening more frequently, people are also paying more attention when one happens, which is increasing demand for coverage. In this interview by Insurance Journal's Amy O'Connor at NAPSLO, Westchester Senior Vice President Florian Beerli discusses why product recall coverage is so important and how we are working with agents to make sure their clients are covered.
Westchester is one of the largest and most diverse excess and surplus lines commercial property and casualty insurance underwriters in the United States. Focused on the wholesale distribution channel, Westchester provides innovative specialty products for property, specialty casualty, environmental, professional risk, inland marine, product recall, small business, binding and programs. The business is further distinguished by exceptional financial strength, underwriting excellence and superior claims handling expertise. The material on this page contains product summaries intended for use solely by properly licensed insurance professionals. The insurance policy actually issued contains the terms and conditions of the contract. All products may not be available in all states and surplus lines products can be offered only through licensed surplus lines producers. Insurance provided by Westchester Fire Insurance Company and its U.S. based Chubb underwriting company affiliates. Chubb is the marketing name used to refer to subsidiaries of Chubb Limited providing insurance and related services. For a list of these subsidiaries, please visit our website at www.chubb.com. Westchester is a division of Chubb, the world’s largest publicly traded property and casualty insurer. With operations in 54 countries, Chubb provides commercial and personal property and casualty insurance, personal accident and supplemental health insurance, reinsurance and life insurance to a diverse group of clients. Parent company Chubb Limited is listed on the New York Stock Exchange (NYSE: CB) and is a component of the S&P 500 index. Chubb maintains executive offices in Zurich, New York, London and other locations, and employs approximately 30,000 people worldwide. Additional information can be found at: www.chubb.com