Product contamination and recalls relating to food and beverages continue to make headlines globally. While the recall of a product can be very costly and logistically complex, the impact on the business as a whole can be far reaching and even with stringent operational controls in place the risk of a recall remains.
We recently had the opportunity to talk with Irene Abrahams, Senior Underwriter at AIG on the very interesting concept and area of insurance, contaminated product insurance.