Latest Manufacturing Headlines
All the headlines from our Manufacturing Topic Page, ordered by recency.
Commercial Lines Rates Up 5% in November: MarketScout
Dec 6 2012 // The overall composite rate for insuring commercial accounts in the United States ticked up 5 percent in November 2012 compared to the same month in 2011. According to MarketScout’s Commercial Lines Market Barometer,...
Midwest Economic Index Rises Slightly
Dec 4 2012 // A monthly economic index report suggests an economic slump will continue over the next three to six months for nine Midwest and Plains states. The Mid-America Business Conditions index rose slightly in November to a weak...
Munich Re First to Offer Offshore Wind Energy Serial Loss Coverage
Dec 4 2012 // Munich Re announced that it has “become the first insurance group to offer serial loss cover for offshore wind energy units. Corresponding cover for a North Sea wind farm has been signed by Marcus A. Wassenberg,...
Meningitis Outbreak Spurs Calls to Boost Pharmacy Oversight
Nov 14 2012 // U.S. and state health regulators called on Congress on Tuesday to strengthen federal oversight of compounding pharmacies as lawmakers prepared for two days of hearings on a deadly fungal meningitis outbreak linked to a...
Texas Manufacturer Faces $64K Fine for Workplace Hazards
Nov 9 2012 // A Belton, Texas-based cabinet manufacturer has been cited by federal regulators for safety violations in the workplace and faces a fine of $64,800. The U.S. Department of Labor’s Occupational Safety and Health...
Report: FDA Needs New Authority Over Compounding Pharmacies
Nov 5 2012 // The U.S. Food and Drug Administration’s power to regulate compounded drugs similar to those linked to a deadly meningitis outbreak is legally nonbinding and lacks the authority of stringent standards imposed on drug...
Coverage Analysis: Sandy and Contingent Business Income Losses
Nov 2 2012 // Insureds joined in a mutually beneficial (or even exclusively beneficial) relationship with another business entity rely on the continued operational viability of that “non-related” entity. Their dependence on...
Supreme Court Weighs Key ‘Gray’ Market Copyright Case
Oct 31 2012 // Several justices on the U.S. Supreme Court voiced concern on Monday about letting U.S. copyright holders block the resale inside the country of products they make elsewhere, in one of the court’s biggest copyright...
FDA Needs New Authority Over Compounding Pharmacies: Report
Oct 29 2012 // The U.S. Food and Drug Administration’s power to regulate compounded drugs similar to those linked to a deadly meningitis outbreak is legally nonbinding and lacks the authority of stringent standards imposed on drug...
Child Boosters Improve: Insurance Institute for Highway Safety
Oct 25 2012 // Fifteen of 17 booster seats introduced in 2012 earn the top rating of BEST BET from the Insurance Institute for Highway Safety, evidence that more than ever, manufacturers are designing seats to provide good safety belt...
Rebounding Economy Spurs Growth in Cargo, Supply Chain Risks
Oct 22 2012 // A slow trend toward economic recovery in the U.S. may mean good news/bad news for insurance agents and brokers who handle commercial accounts with cargo and supply chain vulnerabilities. The good news is growth in sales...
Uncertainty Marks Federal Regulation of Compounding Pharmacies
Oct 15 2012 // The deadly meningitis outbreak linked to contaminated pain injections has prompted calls for tighter federal regulation of compounding pharmacies, which have periodically been blamed for crippling and sometimes fatal...
Space Insurance Agency Aims to Help Florida’s Space Business Take Off
Oct 8 2012 // A new partnership formed between Space Florida, the spaceport authority and aerospace development organization for the state, and insurance agency Assure Space is counting on new space insurance capabilities driving more...
A Growing Economy
Oct 8 2012 // Media reports notwithstanding, the U.S. economy, while sluggish, is not in danger of going over the fiscal cliff. That’s according to a couple of insurance industry executives, who say that private sector job hiring...
Georgia Food Manufacturers Not Following ‘Red Flag’ Reporting Law: Audit
Sep 25 2012 // Food manufacturers in Georgia may be dodging a first-of-its-kind law requiring that they inform state food inspectors when their products test positive for contamination, according to an audit of the state’s food...
Best Affirms Factory Mutual and Subs ‘A+’ Ratings; Outlook Stable
Sep 21 2012 // A.M. Best Co. has affirmed the financial strength rating (FSR) of ‘A+’ (Superior) and issuer credit ratings (ICR) of ‘”aa” of Factory Mutual Insurance Company and its subsidiaries, Appalachian...
Chrysler Factory Employee Kills Co-Worker, Self in Detroit
Sep 21 2012 // An employee fatally stabbed a co-worker Thursday at a Chrysler factory in Detroit and then fled to a city park where he killed himself, police said. The stabbing was reported around 8 a.m. at a Chrysler plant that makes...
Central Indiana Glass Plant Faces $453K in Safety Fines
Aug 24 2012 // A central Indiana glass factory faces what the state workplace safety agency calls a record $453,000 in fines for violations that weren’t corrected after a worker’s death nearly two years ago. The Indiana...
Ohio Manufacturer Fined for Safety Violations, Amputation Hazards
Aug 14 2012 // The U.S. Department of Labor’s Occupational Safety and Health Administration has cited Hebco Products Inc. in Bucyrus, Ohio, with 14 safety violations, including two repeat violations for failing to guard machines to...
While Debate Over Safety Valve Goes On, Gas Explosions Continue: AP
Jul 25 2012 // The bulldozer was clearing land outside a day care center in Hapeville, Ga., when it broke open a buried 1-inch pipeline. The escaping gas ignited into a fireball that killed nine people, including seven children settling...
