A panel of lawmakers in the European Parliament on Tuesday backed a draft law requiring large companies in the bloc to check if their supply chains use forced labor or cause environmental damage. The rules, known as the Corporate Sustainability …
European Union governments backed a proposed law requiring large companies in the bloc to check if their supply chains use forced labor or cause environmental damage after Italy switched sides. A “qualified majority” of 15 EU countries making up 65% …
Loadsure, the London-based insurtech MGA, announced the launch of motor truck cargo insurance, a data-powered insurance product, purpose-built for the logistics community. Called “Columbia™ – Motor Truck Cargo and Logistics Services Insurance,” the product targets SME enterprises and will provide …
Loadsure, the London-based insurtech and managing general agent, has partnered with WeatherOptics, a leading weather intelligence platform, with the aim of bringing weather intelligence into its risk calculations. Loadsure directly addresses the global freight underinsurance crisis with data powered, AI-priced, …
Insurtech Loadsure announced the launch of digital ocean cargo and stock throughput insurance products: “Danube – Dynamic Ocean Cargo Insurance” and “Huron.” Loadsure described the products as “powerful tools for brokers, who will be able to quote cost-effective annual cover …
China ordered an industrial park that houses an iPhone factory belonging to Foxconn 2317.TW to enter a seven-day lockdown on Wednesday, in a move set to intensify pressure on the Apple supplier as it scrambles to quell worker discontent at …
Transparency is the key to managing supply chain risk. But some businesses only focus on selective financial information from their suppliers, which can leave them exposed. Beyond creditworthiness, there are many additional threats to consider—such as second-, third- and fourth-tier …
After many years working as a freight and logistics broker in the London market, Johnny McCord understood where the freight industry’s “pain points” were and thought technology and artificial intelligence (AI) could solve some of the underinsurance problems facing SMBs. …
While supply chain risks are insurable, many products do not cover non-damage business interruption, and companies could find they aren’t covered for shipping delays that don’t involve physical damage. As a result, many risk experts believe that if insurance isn’t …
ASML Holding NV on Monday said there has been a fire at a factory it owns in Berlin, Germany, adding that no one was injured and that it is too early to assess the impact on its operations. ASML, a …
