business continuity plan News

Robust Business Continuity Plans Need Regular Updates – and Insurers Play Vital Role

Having a robust, fit-for-purpose business continuity plan (BCP) should be a central part of risk mitigation at any major organization, yet far too often companies don’t give enough consideration to the matter, and don’t update them on a regular basis. …

Lessons from the Field: Why Business Continuity Planning Is Essential

This post is part of a series sponsored by Old Republic Surety. Perpetuation is a concern not only for insurance agencies and sureties, but also for their construction company clients. Without a business continuity plan, a construction company risks its …

Mid-Market Firms Fall Short on Natural Catastrophe Risk Management: Assurex Global

Middle market businesses in all parts of the world view their exposures to natural catastrophes as increasing but some fall short when managing these risks effectively, according to a new survey of senior executives at more than 80 independent insurance …

Re/Insurers Must Respond to Evolving Terrorist Risk with Relevant Products: JLT

The re/insurance industry is failing to respond to the growing global terrorist threat with products that meet the needs of their clients, according to a report published by JLT Re and JLT Specialty Ltd. Indeed, evidence that insurance has absorbed …

Companies Seek Advice About How to Protect Employees After Paris Shootings

The world’s biggest security provider, G4S Plc, is fielding more inquiries from prospective clients after terrorists killed 17 people in Paris last week. Companies are seeking advice on how to protect their employees following attacks at the weekly magazine Charlie …

Hong Kong Protests Prompt Financial Firms to Relocate Staff

Some banks and other financial firms have begun moving staff to back-up premises on the outskirts of Hong Kong to prevent growing unrest in the financial hub from disrupting trading and other critical functions, two business services firms said. Thousands …

Aon Opens Temporary Office in Midtown Manhattan During Sandy Recovery

Aon plc announced this week that it has secured interim office space in midtown Manhattan in New York City as part of its business continuity plan and to continue to serve clients effectively following Superstorm Sandy. The nearly 114,000-square-foot office, …