9/19/2018 6:00:00 AM
Source: Business Insurance
A report found that beauty product manufacturers and suppliers could face significant liability risks due to widespread use of three hazardous chemicals in several products, Asia Insurance Review reported. The report by Germany-based Allianz Global Corporate and Specialty S.E. and U.S.-based analytics firm Praedicat Inc. found that manufacturers face risks related to product recalls, mislabeling and liability for consumer or workplace injuries. The toxic chemicals – dibutyl phthalate, toluene and formaldehyde – are used in nail polish, perfumes, body lotions and other personal care products.