supply chain disruption News

Freight Railroads Work to Resolve Service Problems, Delays

OMAHA, Neb. (AP) — Some grain elevators are so full that farmers trying to sell their crops are being turned away. But at the same time, flour and animal-feed mills are halting production because they can’t get the grain they …

Trucker Blockade Snarls US-Mexico Border Over Texas Order

AUSTIN, Texas (AP) — One of the busiest trade ports on the U.S.-Mexico border remained effectively closed Wednesday as frustration and traffic snarls mounted over new orders by Texas Gov. Greg Abbott requiring extra inspections of commercial trucks as part …

Historic Inflation Driving Up Loss Costs for Auto, Property Insurers

The two possessions that most concern insurers — homes and motor vehicles — happen to be the largest contributors to the historic 7.5% inflation rate announced last week. Perhaps that should be no surprise. “It’s the things that we all …

Pandemic Adds Time, Cost to Rebuild After Colorado Wildfire

LOUISVILLE, Colorado (AP)–Rex and Barba Hickman’s home of 23 years near the foothills of the Rocky Mountains has been reduced to a blackened heap by the most destructive wildfire in Colorado history. Before the Dec. 30 blaze, which ripped through …

Insurers May Take $18B Hit From Hurricane Ida – Industry Experts

Insurers are bracing for a hit of about $18 billion from Hurricane Ida in the United States and the Caribbean, catastrophe modeling company Karen Clark & Co (KCC) said on Wednesday. The number, closer to the lower end of the …

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 …