Today the White House Office of Management and Budget recognized FM Global's commitment to increase the sharing of risk data, develop approaches to better communicate risk, and support innovations to reduce the risks and public costs of disasters and finance investments in resilience. Over the coming year, FM Global will conduct on-site risk assessments and provide risk improvement recommendations for approximately 4,500 schools, hospitals, and transportation-related facilities. Working with the federal government, FM Global will continue to strive to better define the current state of risk and quantify the benefits of improvement that increase resilience. For more information, read the White House blogpost and full report, here.
About FM Global
Established nearly 200 years ago, FM Global is a mutual insurance company whose capital, scientific research capability and engineering expertise are solely dedicated to property risk management and the resilience of its client-owners. These owners, who share the belief that the majority of property loss is preventable, represent many of the world’s largest organizations, including one of every three Fortune 1000 companies. They work with FM Global to better understand the hazards that can impact their business continuity in order to make cost-effective risk management decisions, combining property loss prevention with insurance protection. FM Global is rated ‘A+’ (Superior) by A.M. Best, ‘AA’ (Very Strong) by Fitch and A+ (Stable) from Standard & Poor’s