business interrruption News

Cyber and Business Interruption Top 2023 Threats: Allianz Risk Barometer

Cyber incidents and business interruption rank as the biggest company concerns for the second year in a row, according to Allianz’s Risk Barometer 2023. At the same time, macroeconomic developments such as inflation, financial market volatility and a looming recession, …

Arkansas Wildlife Safari Pays $75K to Settle Animal Welfare Complaint

The Wild Wilderness Drive-Through Safari in northwestern Arkansas has agreed to pay a $75,000 fine and plans to reopen this weekend after taking action to resolve a U.S. Department of Agriculture complaint that it violated the Animal Welfare Act. The …

Work Stopped at Michigan Plant Amid Air Pollution Concerns

A medical-device manufacturer says it will stop sterilizing equipment at a Michigan facility as state regulators investigate the company for air pollution, including for the release of a known carcinogen. Viant Medical announced in a letter to residents this week …

Zurich Introduces Property Coverage for Cloud-Dependent Companies

Zurich North America has introduced new property coverage for cloud-dependent, middle-market companies. As the new property coverage enhancement for companies is not location specific, Zurich now offers insurance coverage for the cyber risks of cloud computing as well as business …

2-Story Waves on Great Lakes Halt Cargo Shipping

Cargo shipping was at a standstill on Oct. 30 on the Great Lakes as superstorm Sandy churned waves up to two stories high, forcing crews to take refuge in bays and harbors and raising concerns about an economic blow if …