The magnitude of the fire that engulfed London’s Grenfell Tower in June was preventable, according to a newly released whitepaper from FM Global, one of the world’s largest business property insurers. On June 14, a massive fire broke out in…
Cyberattacks, natural disasters and supply chain failure are three of the most pressing risks to global business performance in the 21st century, according to the 2017 FM Global Resilience Index. The online, interactive annual index ranks 130 countries and territories…
Commercial property insurer FM Global announced on Tuesday that it has launched its Global Flood Map, offering a “one-stop consistent global view of flood exposure to aid businesses.” The interactive Global Flood Map “presents business executives with a powerful new…
Property insurance carrier FM Global released Thursday its financial results for 2016, reporting gross premiums earned of $5.44 billion. All figures are in U.S. dollars. In 2015, Johnston, R.I.-based FM Global had reported gross premiums earned of $5.49 billion. Net…
Equipment failure, cyberattacks and natural disasters have negatively affected operations at companies based in the United States over the past five years, according to a new FM Global-commissioned study on operational risks. The study, titled Finance’s Role in Operational Risk…
Large-format lithium-ion batteries, such as those used in electric cars, tend to ignite more quickly in a warehouse fire and generally present a higher hazard than small-format batteries used in smartphones and laptops, according to new research. FM Global, one…
The ravages of Hurricane Matthew are prompting businesses to rethink their natural hazards preparedness, with more than one out of four surveyed employees in the stricken region saying they believe their companies will increase investment in the area. The survey,…
FM Global is looking to bolster its expertise in first-party cyber solutions for the benefit of its mutual policyholders with its move to form integrated engineering and underwriting units dedicated to doing just that. The move seeks to address the…