Aviva Plc, the UK insurer and asset manager, warned the government that new safety proposals for high-rise apartment blocks could steer institutional investors away from the residential property market. The company last year urged the government to consider how its …
Three U.S. companies have been slapped with a wrongful death and products liability lawsuit for manufacturing products linked to London’s Grenfell tower fire. The fire, which has been called the worst UK residential fire since the 2nd World War, killed …
The bill for compensating families of those who died in the Grenfell Tower fire in London may be as low as 4 million pounds ($5 million), according to several lawyers and a Reuters analysis of how damages laws apply in …
A big part of risk management is acting to prevent problems before they happen — whether it involves the health and safety of employees, outside market forces, or mergers and acquisitions, according to the risk manager for one of the …
“External cladding, made from combustible material can often cause significant fire spread upwards and between buildings, which is a particular concern for areas of high building density.” This now sadly prophetic statement was the Association of British Insurers’ response in …
A deadly fire that killed at least 79 people in a London tower block started in a Whirlpool Corp. fridge and spread at “unexpected speed” through the building’s exterior cladding, police said, indicating they’ll pursue charges if criminal offenses are …
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 …
Whirlpool has agreed to pay the owners of 49 properties in Arkansas that lost value after it was discovered that a former plant of the appliance-maker had leaked a hazardous chemical into the groundwater for decades. Fort Smith city directors …
A federal judge in Arkansas says he won’t certify a complaint against Whirlpool Corp. as a class-action lawsuit because he is not sure whether residents of a polluted Arkansas neighborhood or the company is the driving force behind it. The …
