On Our Radar:Trans Fat
In June 2015, the US Food and Drug Administration (US FDA) ruled to ban trans fat from hundreds of foods. Food manufacturers, restaurants and others have until June 2018 to comply. While many have already been working to phase out trans fat from their products, others don’t think it will be that easy and are petitioning for some continued use.
The ban, as well as a business’ continued use of trans fat in products, could pose potential risks and XL Catlin’s Enterprise Risk Management and Casualty Risk Engineering teams continue to monitor the potential, watching for possible litigation against food/beverage manufacturers, distributors, suppliers and advertisers, as well as potential product recall actions as a result of the recent FDA decision. Trans fat continues to be an emerging risk that XL Catlin is watching.