Pfizer has agreed to settle more than 10,000 lawsuits about cancer risks related to the now discontinued heartburn drug Zantac, Bloomberg News reported on Wednesday, citing people familiar with the deal.
Tag: product liability insurance
Bayer Weighs ‘Texas Two-Step’ Bankruptcy Filing Over Roundup
Bayer AG is weighing whether to use a controversial legal maneuver known as the Texas Two-Step bankruptcy to try to resolve tens of thousands of US lawsuits claiming its Roundup weedkiller causes cancer, according to people familiar with its thinking.
Product Safety Recalls Rose by 33% in 2022: Report
The number of product recalls is at its highest since 2016, ranging from carbon-monoxide-emitting gas stoves to treadmills.
Ford Recalls Almost 3 Million Vehicles Over Rollaway Concern
Ford is recalling almost 3 million vehicles because of a damaged or missing part that could prevent the automobiles from shifting into the gear intended by the driver. That could cause the vehicle to roll away or move in an “unexpected direction,” according to federal regulators. The recall covers several models of Ford vehicles: 2013-2019… Continue reading Ford Recalls Almost 3 Million Vehicles Over Rollaway Concern
U.S. Product Recalls Hit a 10-Year High
According to Sedgwick brand protection’s latest U.S. product recall index report, more than 900 million units have already been recalled in these industries during the first quarter of 2022. Not only does this mark the highest number of units recalled in a single quarter in the past 10 years, but it also eclipses average ‘annual’… Continue reading U.S. Product Recalls Hit a 10-Year High
Marsh Collaborates with Amazon to Support New Online Insurance Network for Sellers
Marsh, the world’s leading insurance broker and risk advisor, today announced it has collaborated with Amazon to support its new digital insurance network, Amazon Insurance Accelerator, where small businesses selling on Amazon can easily purchase affordable product liability coverage. Amazon now requires third-party sellers to obtain product liability coverage after reaching $10,000 in sales in… Continue reading Marsh Collaborates with Amazon to Support New Online Insurance Network for Sellers
Amazon to Pay Up to $1,000 for Injuries Caused by Sellers’ Goods
Amazon.com Inc. is offering to compensate customers for injuries caused by goods from its third-party sellers, a guarantee that follows numerous lawsuits seeking to hold the world’s largest online retailer responsible for dangerous products purchased from its digital shelves. In a blog post on Amazon’s corporate site on Tuesday, the company said it would pay… Continue reading Amazon to Pay Up to $1,000 for Injuries Caused by Sellers’ Goods
Peloton Faces Mounting Pressure to Recall Treadmills After One Death, Dozens of Injuries
Pressure mounted on Peloton Interactive Inc. on Monday when the chair of a House consumer-protection subcommittee called on the company to recall its treadmills. The move comes days after a federal safety agency told people with young children or pets to stop using the treadmills and urged a recall of the product, which it says… Continue reading Peloton Faces Mounting Pressure to Recall Treadmills After One Death, Dozens of Injuries
Documents Show Sacklers Cited Fear of OxyContin Lawsuits before Transferring $10B from Company
Members of the wealthy Sackler family, owners of OxyContin maker Purdue Pharma LP, have long denied that the $10 billion they transferred from their company over the course of a decade was an unlawful attempt to shield assets in anticipation of litigation over their role in the opioid crisis. But a review of emails, memos,… Continue reading Documents Show Sacklers Cited Fear of OxyContin Lawsuits before Transferring $10B from Company
Colorado Sues Juul for Deceptive Marketing Practices Targeting Youth
Colorado is suing e-cigarette maker Juul Labs, Inc., alleging the company intentionally marketed its products to youth and misrepresented them as a healthy alternative to cigarettes when they may have been more addictive. The lawsuit comes after a nearly yearlong investigation led by Attorney General Phil Weiser, who claims Juul violated the Colorado Consumer Protection… Continue reading Colorado Sues Juul for Deceptive Marketing Practices Targeting Youth