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Tainted spinach could highlight recall insurance.(Property/Casualty)

Best's Review

| November 01, 2006 | Green, Meg | COPYRIGHT 2009 A.M. Best Company, Inc. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)Copyright

Not only are insurers likely to play a major role in the ongoing legal and financial fallout from spinach contaminated by E. coli bacteria, the publicity over the tainted spinach could help boost sales of an insurance product designed to protect companies specifically from product recalls.

Several lawsuits related to the contamination have been filed so far, and more are expected. "For anybody who touched the vegetable anywhere on the supply chain, at the very least, the insurers will have to pay for their defenses, even if they aren't found liable" said Tim Dodge, director of research for the Independent Insurance Agents & Brokers of New York.

As of Oct. 6, 199 people in 26 states had been sickened, and three people had died, from eating fresh bagged spinach, according to the U.S. Food and Drug Administration.

The contamination has led to a …

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