Product recall insurance unlikely to reimburse Irish pig farmers

Posted on : 2008-12-10

Lloyd’s insurance and reinsurance specialist, Miller, has warned that with regard to the health scare over pork produced in Ireland, insurance policies purchased to indemnify the costs of recalling consumer products may not pay out. Kieron Russell, a member of the firm’s special risk team, explains that underwriters of product recall insurance typically include policy exclusions [...]