supply chain disruption News

Lloyd’s of London Seeks Estimates For Coronavirus-Related Losses

Lloyd’s of London has asked its member firms to provide estimates of their potential current and final losses from coronavirus, a spokesman said on Tuesday, to help the insurance market understand its possible overall losses from the impact of the …

Data Mapping: Florence Could Disrupt Supply Chains Beyond Mid-Atlantic Region

The areas projected to be affected the most by Hurricane Florence—counties that have been asked to evacuate prior to landfall—are less populated than the areas affected by the 2017 hurricanes Harvey, Irma, Nate and Maria. Some urban areas directly impacted …

Business Interruption: Factory Fire Snuffs Out Output of Key Ford, Mercedes Models

A fire at a Chinese-owned auto parts plant in Michigan has cut off supply of key components and disrupted production of crucial Ford Motor Co. and Daimler AG models, with the U.S. automaker already saying it’ll hurt profit in the …

Managing Supply Chain Risk in 2017

Supply chains are subjected to a wide range of potential disruptions and risks every year, according to Aaron Michel, senior engineer with AIR Worldwide. He discussed the risks expected to affect supply chains this year during a podcast with Claims …

Cyber, Supply Chain Lead UK Survey of Top P/C Insurance Risks

Demand for cyber security coverage from insurance buyers ranks number one among several emerging risks, according to a recent survey undertaken by RKH Specialty, a London-based specialty lines broker. Insurance professionals indicated that for property coverages, supply chain disruption is …

Clean Tech Firms Vulnerable to Global Business Risks, Chubb Study Finds

Many clean tech companies may not be paying enough attention to managing the risks of sourcing components and sending goods and employees across borders, a new study from Chubb Group found. According to the Chubb 2012 Clean Tech Industry Survey, …

Report: 85% of Companies Report a Supply Chain Disruption

According to a newly published survey by Zurich Financial Services Group, 85% of companies reported at least one supply chain disruption over the last 12 months. Respondents to the survey, sponsored by Zurich and conducted by the Business Continuity Institute …