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Press Releases

McLarens and Axon Underwriting Services Shake Up Claims Management in the Product Recall Market

Offer industry’s first fully outsourced product recall claims administration services

ATLANTA–(BUSINESS WIRE)–McLarens, a leading, global independent insurance services provider, and AXON Underwriting Services LLC, a program administrator and specialty insurance services provider, entered into an agreement to deliver first-of-its-kind outsourced claims adjusting and management administration in the specialty product recall space for domiciled clients in the United States. Product recall claims tend to be low frequency, but high severity events and are typically not sufficient to allow for full-time product recall adjusters to staff an insurance carrier’s in-house team. The financial benefits for full-time experts are hard to justify yet the related claims require major support combined with a highly specialized skillset. Often, insurance carriers tend to have GL claims handlers manage these types of claims and/or they rely on outside loss adjusters who are managed and controlled by in-house adjusters.

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