Risk Management News

Arkansas’ Tyson Foods Installs Video, Bird Welfare Checks in Poultry Operations

Tyson Foods has installed video cameras in key areas of its poultry operations and will test new ways to slaughter birds — not in response to previous “gotcha” moments but under a corporate philosophy that notes its role as a …

Aon’s Purdy Moves to JLT Specialty USA as Senior VP

Insurance broker and consultant JLT Specialty USA has appointed Mark Purdy as senior vice president. Purdy will be based in Houston, where his primary focus will be to help JLT’s clients improve their overall claims platform and develop post loss …

Caribbean Cat Facility CCRIF & Caribbean Development Bank Launch Regional Risk Management Project

The Caribbean Development Bank and CCRIF SPC (formerly the Caribbean Catastrophe Risk Insurance Facility) have launched a Caribbean risk management project. Formally known as “Integrated Sovereign Risk Management in the Caribbean,” the project aims to enable Caribbean countries to take …

BA’s Massive IT Failure Caused by Power Surge; Brand Damage Admitted

A huge IT failure that stranded 75,000 British Airways passengers followed damage to servers that were overwhelmed when the power returned after an outage, the airline said on Wednesday. BA, part of airline group IAG, is seeking to limit the …

FM Global Includes Top 3 Business Risks in Global Resilience Index

FM Global has expanded its Global Resilience Index to include insights around three of the top risks facing businesses: cyber attack, natural hazards and supply chain failure. The interactive, online index ranks 130 countries and territories by their enterprise resilience …

There’s No ‘Typical’ Day in the Work Cycle for Whirlpool’s Risk Manager

How does a company incorporate a sustainable and cohesive risk management system for an enterprise with nearly 100,000 employees, 70 manufacturing and technology research centers located in 170 countries around the world, and $21 billion in annual sales? It’s a …

China Firms View Political Risks as Top Concern for Belt & Road Project

As the global limelight fades from President Xi Jinping’s “Belt and Road” summit, the main actors — Chinese state-owned companies — are warning about the political risks they face along the route. Earlier this month Xi outlined plans to direct …

Aon Names Hogg as Leader of Cyber Solutions, CEO of Stroz Friedberg

Aon plc announced that Jason Hogg has joined the firm as leader of Aon Cyber Solutions, responsible for the growth strategy of the firm’s solutions that help clients address and manage cyber risk. He will also serve as chief executive …

Large Claims Becoming More Expensive, Complex & Global: Allianz

Large liability claims are becoming more expensive, complex and international, with activity increasing outside the United States, according a report published by Allianz Global Corporate & Specialty (AGCS). “Although recent years have seen a noticeable rise in large environmental liability …

Texas Stamping Office: ‘Industrial Insured’ Bill Passed by House

The Texas House of Representatives has approved House Bill 1559, which creates an exemption for entities classified as an “industrial insured,” the Surplus Lines Stamping Office of Texas reported. The measure has been referred to the Senate Administration Committee. If …