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Product Liability

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ISBN: 9781614382843
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Product liability is an increasingly complex area that poses significant challenges to corporate risk managers, policy makers, business advisors, and even consumers. In the past decade, national headlines have highlighted the unprecedented number of liability claims and extensive social upheaval from products that pose serious unintended consequences for workers, consumers, and the environment. Given the potential financial losses from a potential product liability, the business stakes are high, especially in the global economy.

Product Liability presents business and policy advisory perspectives regarding a number of important issues that emerge from current and ever-changing legal and global market conditions. This book helps the reader navigate the complex web of risks and opportunities and offers strategies that minimize product liability under a range of regulatory and legal regimes.

Table of Contents

About the Editor

About the Authors

Dedication and Acknowledgments

C H A P T E R ONE

Introduction

ROBIN CANTOR AND SHIREEN MEER

C H A P T E R TWO

Product Risk Assessment and the Role of Government

E. DONALD ELLIOTT AND GAIL CHARNLEY ELLIOTT

C H A P T E R T H R E E

Current Issues in U.S. Consumer Product Safety Commission Section 15 Notification Requirements

ERIC A. RUBEL

C H A P T E R F O U R

Product Recalls: Decision Making, Management, and Prevention Strategies to Reduce Product Liability Risk

ARTHUR MILLER, BRADLEY MURLICK, AND MELANIE NEUMANN

C H A P T E R F I V E

Emerging Solutions for Risk Transfer in Product Liability

ANDREA TECCE, JAMES T. H. DEAVER, AND ROBERT P. JACOBS

C H A P T E R S I X

Perspectives from Europe: A Pan-European Tour of a Changing Landscape

JOHN EVANS, JAMES BARRATT, AND COLLETTE RAWNSLEY

C H A P T E R S E V E N

Asbestos Claims and Litigation

ROBIN CANTOR, MARY S. LYMAN, AND RICHARD REISS

C H A P T E R E I G H T

Strategic Enterprise Risk Management and Pharmaceuticals

CATHY L. BURGESS, STEVE NIEDELMAN, AND JOHN R. FLEDER

C H A P T E R N I N E

Changing Perspectives on Chemical Product Risks

MONICA M. WELT, ELIZABETH L. ANDERSON, AND CHARLES A. MENZIE

C H A P T E R T E N

New on the Horizon: Nanotechnology

LYNN L. BERGESON

Conclusion

A P P E N D I X

Government-Sponsored Voluntary Initiatives

Table of Cases

Index