I'm sure that if you read the fine print either in the gear or in the product literature that you'd find the same statement from most other motorcycle gear manufacturers.
Here's a quote from the tag in my Motorhead jacket:
This means that the gear has not been crash tested to meet any safety gear regulations, so ICON will not accept any liability if a rider crashes in their gear and gets injured. Does anyone have evidence that any motorcycle gear manufacturer crash tests their gear to any standard or certifies a level of minimum liability regarding crash protection?
The armor is CE approved, but there really is, AFAIK, no regulations or testing procedures outside of OSHA, ANSI, or other workplace regulations regarding PPE (other than helmets) in the US. Shock lanyards and safety harnesses, hard hats, steel-toed boots, protective eye wear, kevlar gloves, etc. - these are designed to protect the user from a defined hazard, and are certified to do so. Motorcycle gear, on the other hand, can not physically be designed to protect the user from all types of potential hazards all the time, and is not considered to be PPE by any type of legal specification.
The jacket is 1.4mm cowhide, double and triple stitched, has CE armor where it counts, is comfortable and was reasonably priced. Even high-end gear fails under certain circumstances, so I wouldn't talk trash about ICON even if I wasn't a customer - funny how a culture like ours that stomps all over misinformation regarding riding technique allows the spreading of misinformation regarding riding gear, typically coming from those with no experience with the product...
-Q!