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ACE Launches Product Recall Risk Endorsement

Wednesday, May 14, 2014 5:00:00 AM PDT | VentureDeal

   Philadelphia, Pennsylvania  --  The ACE Group announced the launch of a new insurance product for technology companies.

Called ACE DigiTech and Product Recall, the new service offers an expanded digital technology coverage for expenses arising from a technology product recall and the cost to repair, restore or replace the recalled product.

The new endorsement is underwritten through its ACE Westchester Professional Risk division which handles the company's excess and surplus lines business.

ACE says that it has operations in 54 countries and its parent company ACE Limited (NYSE: ACE) is a component of the S&P 500 index.

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