Major flooding and wind damage caused by Hurricane Laura will likely involve a long-term recovery for businesses that suffer storm-related losses, especially those still struggling as a result of the COVID-19 pandemic, according to FM Global.
Although the pandemic dominates the world’s attention, climate risk is simmering in the background, with more than 3 in 4 (77%) CEOs and CFOs of the largest companies in the world admitting their firms are not fully prepared for the adverse financial impact of a changing climate.
As distracted corporate executives close offices, plants and warehouses to reduce COVID-19 spread, other worrisome risks are emerging at these now-idle facilities, warns FM Global, one of the world’s largest commercial property insurers.
The risks of critical equipment failure and a cyber attack on industrial control systems are major concerns for 94% and 84% of Fortune 500-size companies, respectively, according to a new survey of 200 business leaders.
JOHNSTON, R.I., USA—A new first-of-its-kind analysis links hurricane damage to a loss in shareholder value and, conversely, property protection to value preservation, according to research commissioned by FM Global, one of the world’s largest ...
Seven in 10 senior financial executives at the world’s largest companies believe their insurer would cover most or all of the losses their company would incur in a cyber attack. Many of the losses they foresee, however, are rarely ...
A new FM Global white paper calls for stronger fire protection of architectural and cultural treasures including prudent fire detection technology, better access for firefighters, ample water sources and automatic fire sprinklers.