Eli Lilly Reports Difficulty in Obtaining Product Liability Insurance

By Hugo on August 16, 2006 12:47 AM

Permalink | Comments (1) | RSS

With the current liability claim exposure for its Zyprexa product extremely high, Eli Lilly has reported experiencing difficulty obtaining product liability insurance. In its first quarterly report for 2006, the company announced that a restrictive insurance market will force Eli Lilly to self-insure against future product liability claims.

Lilly has expressed concerns regarding its ability to collect on past insurance claims. Lilly is currently litigating against insurance carriers in both Indiana and Bermuda that have attempted to rescind policies.

In addition, a new claim filed July 24, 2006 in Mississippi now looms. Attorney general, Jim Hood, has filed suit against Lilly charging the company with promoting Zyprexa for unapproved uses.

For more on the Lilly Zyprexa liability issues see:
http://www.opednews.com/articles/genera_evelyn_p_060807_zyprexa_lawsuits___e.htm

Comments
Comments Right now I take Zyprexa and it has lots of bad sidefects. and my parrents insist I take the medication also I believe the docters should be highly held accountable for people on this meddication. All though I am ellergic from some of the other meddication this place a big role for me to gain family support. That should change immediatly. Because I believe this is the cause of all my medical visits to the hospital and being diagnosed Please email me back if there is any liabillity claim for missuse of medication abuse givin from the docters. That put me in the hospital to many times for taking the medicen Zyprexa. And other medications. Thanks Please email me asap
Posted by: Stephen Samuel Brosnahan | September 20, 2006 05:15 PM
Post a comment
Name:
*
Email Address:
*
Comments:
 
Product Liability Attorney Resources by State