An analysis from London-based TT Club, which provides insurance and related risk management services for the international transport and logistics industry, has revealed human error to be the main cause of supply chain claims. TT Club said its research is …
Aon’s latest “Political Risk Map” focuses on the implications of the uprisings in the Middle East, collectively referred to as the “Arab Spring,” and the political transitions they have produced, which “raise concerns for businesses around the world.” Aon points …
A bulletin from Willis Group Holdings identifies 18 “emerging risks,” as causing increasing concern among the world’s insurance community. Willis compiled the list from its new website of intellectual capital, WillisWire. While “headline-grabbing events” – the euro zone crisis, the …
“Commercial insurance buyers generally want better insurance products to cover their supply chain risks,” according to a recent survey conducted by the Federation of European Risk Management Associations (FERMA). “Only 14 percent of the risk managers who responded to the …
French reinsurer SCOR Group has estimated its losses from the floods in Thailand at €140 million [$185 million] net of retrocession and before tax. SCOR described the floods as a “major natural catastrophe, which have taken the lives of more …
Swiss Re has estimated its claims costs from severe flooding in Thailand at $600 million, after intense rainfall caused hundreds of deaths and floods affecting approximately 1500 industrial facilities. “The estimate is net of retrocession and before tax, said the …
A.M. Best Co. reports that the vast majority of insurance losses stemming from the massive flooding in Thailand will come predominately from the impact to manufacturing and supply chains, as discussed in the recently published analytical briefing “Thai Flooding Brings …
Aon Benfield has published a highly detailed report on the ongoing floods in Thailand, from their meteorological beginnings – extremely heavy monsoon rains – to the widespread damage they have inflicted on one of East Asia’s most vibrant economies – …
Japan has offered extra loans, insurance and a baht cash line to help Japanese companies in flood-ravaged Thailand, signaling growing concerns over the disaster’s impact on the world’s third biggest economy. Thai officials have said it could take as long …
Honda Motor Co said its Thai plant remains underwater as flooding in the center of the country worsens, closing down 4.7 percent of its global output in a disaster that is hammering other Japanese firms that have made the nation …
