January 2017 Archives

Insurance providers in Tennessee won't be overjoyed by the $842M Gatlinburg fire estimates

Steve Ahillen's Jan. 18 report in the Knoxville News Sentinel doesn't mention any insurance disputes over the 2016 Gatlinburg wildfires, but what it does mention is the unexpected $842 million in insurance claims, above the original $500 million estimate.

Takata to pay $1B in 'world's biggest automotive safety recall'

According to Reuters, only 12.5 million inflators have been fixed, out of 70 million.

On the heels of today's earlier blog post about products liability, we have a Reuters report on airbag manufacturer Takata, which has been ordered as part of a settlement with the Justice Department to pay $1 billion for defects in its airbags.

Drug Recalls Pose Safety Concerns

A recall is when a company takes a product off the market. The action can be of the company's own will or requested by the FDA (Food and Drug Administration), the agency responsible for handling food related recalls, including drugs.

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