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Peloton Recalls 54,000 Bike Pedals after Breakage, Injury Reports

Peloton Recalls 54,000 Bike Pedals after Breakage, Injury Reports

Peloton recently announced that it is recalling the pedals on 27,000 indoor stationary bikes after receiving reports of 16 injuries and 120 pedal breakages. A statement from the high-end spin bike maker said the recall applies to PR70P pedals placed on bikes sold between July 2013 and May 2016 and recommends discontinuing use of affected bikes until new pedals are…

Marijuana Sales Soar, Three States Set Monthly Records

Marijuana Sales Soar, Three States Set Monthly Records

Colorado, Illinois and Ohio set new records for monthly marijuana sales in July and August, underscoring the resilience of the cannabis industry amid the COVID-19 recession. In July, recreational and medical marijuana stores in Colorado generated a combined $226.4 million in revenue, up 13.8 percent from June, and Ohio saw a record $21 million in medical marijuana sales. In August,…

Toxic Hand Sanitizer and Cub Scout Pins, Mislabeled Granola Underscore Recall Risks

Toxic Hand Sanitizer and Cub Scout Pins, Mislabeled Granola Underscore Recall Risks

Dozens of hand sanitizer products have been recalled or recommended for recall for potentially containing methanol, which can be toxic when ingested or absorbed through the skin. The U.S. Food and Drug Administration (FDA) first alerted consumers in June about the presence of methanol, also known as wood alcohol, in nine products. Since then, the agency has expanded the warning…

Ask the Expert Q&A: Cannabis Industry’s Growth Shapes Risk Considerations

Ask the Expert Q&A: Cannabis Industry’s Growth Shapes Risk Considerations

The cannabis industry continues to experience growth in the U.S. and Canada. Medical and recreational marijuana sales are expected to reach nearly $30 billion in the U.S. by 2023, and sales have surged even during the COVID-19 crisis. The market’s rapidly changing landscape presents unique risk management considerations for those involved in the cultivation, production, dispensing and sale of cannabis…

Taking on New Risks: Businesses Evolve to Face Challenges Posed By COVID-19

Taking on New Risks: Businesses Evolve to Face Challenges Posed By COVID-19

Businesses in the United States and Canada have had to adapt to an unprecedented set of uncertain and rapidly evolving circumstances in recent weeks. According to a recent Goldman Sachs survey of U.S. small business owners, 96 percent say that they have already been impacted by coronavirus, or COVID-19. [bw_inline_quote author_id=\"Tyson Peel\"] Some businesses have reduced hours or shut down,…

Insuring Santa Claus

Insuring Santa Claus

From his bustling workshop to his nine loyal reindeer, Santa Claus operates one of the most complex enterprises in the world. That level of global intricacy requires an expert review of risk management strategies. “There are a number of insurance products that I would think Santa would have in place,” said Chris Zoidis, Corporate Executive Vice President, Burns & Wilcox.…

5 Tips for Safe and Secure Hosting During the Holidays

5 Tips for Safe and Secure Hosting During the Holidays

As the holiday season begins in earnest, we anticipate gatherings of family and friends filled with love, laughter and plenty of food and drink. When hosting such gatherings, make sure that your plans include safeguarding your home and guests against some of the season’s most common mishaps. While you cannot foresee or prevent every scenario, you can minimize the likelihood…

Pacemakers and Other Implanted Devices at Risk of Hacking, Warns FDA

Pacemakers and Other Implanted Devices at Risk of Hacking, Warns FDA

On October 1, the Federal Drug Administration (FDA) issued a warning about the so-called URGENT/11 cybersecurity flaws that leave certain Wi-Fi-enabled medical devices vulnerable to being remote-controlled by hackers, such as cardiac pacemakers, implantable cardioverter defibrillators (ICDs) or insulin pumps. The FDA indicated that devices potentially at risk are those utilizing IPnet, a decades-old software application that enables wireless networking.…

56 Pediatric Patients’ Stem Cells Destroyed in Hospital Freezer Failure

56 Pediatric Patients’ Stem Cells Destroyed in Hospital Freezer Failure

When a storage freezer at Children’s Hospital Los Angeles (CHLA) malfunctioned last month, 56 pediatric patients, many undergoing cancer treatment, lost their stem cells. The cells were collected before patients began cancer treatments, like chemotherapy and radiation, and stored for potential future use. Following the incident, CHLA sent notification letters to the affected families, unfortunately addressed to patients rather than…

Flammable Bathrobes, Contaminated Dog Treats Underscore Recall Exposures

Flammable Bathrobes, Contaminated Dog Treats Underscore Recall Exposures

On August 30, Restoration Hardware issued a product safety recall for about 5,700 cotton Turkish bathrobes following reports that the robes had ignited when being worn during gas stove use. Made in Turkey, the bathrobes sold from August 2018 to March in the both the U.S. and Canada. That same day Restoration Hardware also recalled 3,380 red, vintage steel children’s…

Unlicensed Greenhouses and Mold Prompt Extensive Recalls and Returns, Showing Cannabis Industry Risk

Unlicensed Greenhouses and Mold Prompt Extensive Recalls and Returns, Showing Cannabis Industry Risk

On August 19, CannTrust Holdings Inc. announced that the Ontario Cannabis Store (OCS) was returning its entire $2.2 million inventory of CannTrust products. The return is in response to the suspension of CannTrust’s sales and shipments last month, after a Health Canada inspection revealed the company had grown plants in several unlicensed greenhouses. Prior to the return, CannTrust announced the…

Perdue Foods’ Third Recall Raises Concerns for Companies and Consumers

Perdue Foods’ Third Recall Raises Concerns for Companies and Consumers

The U.S. Department of Agriculture announced Perdue Foods’ third major product recall of 2019 in a news release on May 31. The company recalled approximately 31,703 pounds of frozen and refrigerated chicken products for potentially containing foreign materials. In early January Perdue Foods also recalled approximately 68,244 pounds of gluten-free chicken breast nuggets due to possible contamination with wood fragments…

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