But adjustments to this coverage offset only a small part of the extra liability cost.
The British-Dutch oil giant has been concerned about the liability costs associated with the environmental damage from recent tanker spills.
She is co-author of a Harvard study on medical liability costs, published in Health Affairs.
A recent Harvard study concluded that overall, medical liability costs ring in at about $56 billion annually, or 2.4 percent of total health care spending.
But society has become more risk-averse, and liability costs have escalated.
Viewnyx applies video-based technology to assist fleets in lowering their driving liability costs.
With decreasing reimbursement and increasing medical liability costs, who needs the hassle?
They claim that most liability costs come from pre-trial settlements, so the number of trials is irrelevant.
Mr. Gowers said the company did not have an estimate of what its potential liability costs would be.
The recall is expected to cost more than $300 million, and that does not count the potentially huge liability costs.