XL Group Prepares Food and Beverage Companies for Quick, Seamless Response to
Product Contamination and Pollution Incidents
NEW YORK, April 18, 2013
NEW YORK, April 18, 2013 /PRNewswire/ -- In response to increasing food safety
and environmental regulation, XL Group businesses are teaming up to help the
food and beverage companies lessen their financial, operational and
reputational risks by eliminating gaps in their insurance coverage and
planning a timely effective response to product contamination or pollution
"Over the last few years, we've seen a significant increase in product recalls
in North America affecting the food and beverage sector," said Ed Mitchell,
Chief Underwriting Officer for XL Group's Product Recall business. "Under the
Food Safety Modernization Act food companies may find themselves on the
receiving end of a product recall where contamination has been found in their
processing facilities and even the potential for the facility to be shut down.
Not only will companies incur significant recall costs but they will also have
to clean up the site to satisfy regulators so they can resume operations."
"A contamination or pollution event can be a complicated situation requiring
an environmental cleanup of contamination, help with disaster recovery, or
crisis communication assistance to head off reputational damage," said Matt
O'Malley President of XL Group's Environmental business. "Cleaning up can be
expensive. Too many companies have learned the hard way that their General
Liability policies don't offer financial protection for these associated
expenses. Fortunately, in an industry focused approach, we've been able to
pull together both specialized coverages and crisis management guidance that
work well together and provide a seamless response and recovery."
XL Group's insurance coverages and risk management services tailored to
address food and beverage industry recall concerns include:
oContamination and Environmental Clean Ups: Contamination and
Environmental Clean Ups: To recover from accidental ammonia discharges,
pathogen contamination or wastewater treatment gone awry, XL Group's
Environmental team offers a new Environmental Food & Beverage Policy that
is tailored to help address their food and beverage industry's
environmental liability, clean up and disaster response concerns.
oCrisis Response: Through Response XL, XL Group's Product contamination
coverage offers easy access to a dedicated network of crisis consultants
providing priority access to expertise in food safety, public relations,
security, legal and regulatory compliance.
XL Group's insurance coverage is designed for food processing plants, beverage
manufacturers, commercial bakeries, cold and dry storage facilities, bottling
and canning plants and pet food manufacturers.
About XL Group plc's Insurance Operations
XL Group plc's insurance companies offer property, casualty, professional and
specialty insurance products globally. Businesses that are moving the world
forward choose XL as their partner. To learn more, visit xlgroup.com/insurance
About XL Group plc
XL Group plc (NYSE: XL), through its subsidiaries, is a global insurance and
reinsurance company providing property, casualty and specialty products to
industrial, commercial and professional firms, insurance companies and other
enterprises throughout the world.XL is the company clients look to for
answers to their most complex risks and to help move their world forward. Its
principal offices are located at No.1 Hatch Street Upper, 4^th Floor, Dublin
2, Ireland. To learn more, visit xlgroup.com
XL Group is the global brand used by XL Group plc's insurance and reinsurance
SOURCE XL Group
Contact: Christine Weirsky, Media Relations, +1-610-968-9395
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