FDA Rule Change

Placing You First Insurance Podcast by CRC Group

Significant changes are coming to the farming industry. The FDA’s recent traceability rule changes increase the product recall risk for food producers.

Today, Scott and Amanda are joined by Jon O’Malley an Associate Broker with CRC Group's Minneapolis office where he specializes in Product Recall exposures, as well as Chris Martin, also a Casualty Broker with our Minneapolis office specializing in Product Recall. They’re going to break down the FDA’s changes and their impact on farmers and food producers.

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Chương

1. FDA Rule Change (00:00:00)

2. It seems like an FDA rule change could be a big deal, right? (00:01:22)

3. So, what sort of new onus or burden of documentation, etc. does this put on farmers? (00:02:34)

4. Knowing about these new requirements, where does the increased risk start to show up? (00:04:59)

5. Who does the responsibility for compliance usually fall to? (00:06:20)

6. We talked a little about crisis consultants, but what is the role of insurance in these scenarios? (00:07:16)

7. Is product recall coverage just for massive operations or smaller operations too? Is there work for agents and brokers to do around raising awareness? (00:08:48)

8. Do you see any other FDA changes or other factors coming into play in the 2nd half of 2023 or into 2024? (00:09:50)

9. Rapid Fire! (00:11:16)