Increased liability risks for companies

Liability experts of the industrial insurer AGCS suspect an increased liability risk for companies. They refer to figures from both the USA and Germany and find that the average settlement sum of the 50 largest US courts has almost doubled between 2014 and 2018 and that plaintiffs against companies are being awarded higher compensation sums. The high number of production recalls is particularly striking. In 2019, the highest figure of the decade was recorded, with 475 recalls within the EU in the automotive industry alone. The increasing concentration in the industry is a problem, he said. According to AGCS, the Japanese airbag manufacturer Tataka, for example, supplies 19 car manufacturers, […]