As U.S. and Canadian businesses plan to expand their business overseas this year, their executives are worried about supply chain failures, data breaches and political instability, according to a survey by the Chubb Group of Insurance Companies. The 2014 Chubb …
Tokyo Electric Power Co. shareholders rejected a proposal to look into pursuing claims for compensation against companies that supplied parts for the crippled Fukushima nuclear plant, including General Electric Co. Shareholders at Thursday’s annual general meeting for the company known …
A report from Marsh on the recent Rana Plaza factory collapse in Bangladesh that killed more than 1,100 people cites the “serious risks that labor conditions can pose not only to workers, but also to organizations’ reputations, supply chains, and …
It appears the chief risk faced by those in charge of risk programs are sky high taxes. According to a survey by the Risk and Insurance Management Society, which wrapped up a four-day conference in Los Angeles with an announcement …
Four Japanese automakers including Toyota Motor Corp and Nissan Motor Co are recalling 3.4 million vehicles sold around the world because airbags supplied by Takata Corp are at risk of catching fire or injuring passengers. The move announced on Thursday …
Manufacturing in the United States is in a growth phase, according to a survey by Travelers Insurance that found nearly three out of four executives in the manufacturing sector have either expanded their products or services in the past year, …
A factory fire that killed more than 100 garment workers in Bangladesh has led the world’s largest retailer, Wal-Mart Stores Inc., to concede that it needs to do more to control its supply chain and keep unauthorized manufacturers out. In …
Financial performance of technology companies is tied to certain “red zone” risks, critical non-financial risks where a company must take action to become adequately prepared. These critical non-financial risks include business decline due to economic conditions, hiring and retaining employees, …
The widespread floods in Thailand, which reached their highest point in October and November, “are the costliest natural catastrophe in the country’s history,” according to a bulletin from Munich Re. “The economic losses are huge, since key industries are concentrated …
Companies operating in politically volatile regions of the world may soon find they are “unable to retain sufficient insurance coverage to protect their assets and staff,” according to a new report by global insurance broker, Willis Group. The report also …
