business interruption (BI) News

Cyber Joins Business Interruption as Top Global Business Risks: Allianz Survey

Cyber incidents join business interruption as the top risks facing global businesses, according to a survey conducted by Allianz Global Corporate & Specialty (AGCS). The impact of business interruption (which includes supply chain disruption) is the major risk for companies …

Swiss Re Corporate Solutions Launches Parametric Water-Level Insurance in Europe

Swiss Re Corporate Solutions announced it is launching parametric water-level insurance called “FLOW.” This new index-based product is designed to protect companies in Europe from the financial impact of high or low river water levels, such as lost revenue due …

Derailment of BHP Iron Ore Train Exposes Australia’s Reliance on Private Railways

A network of private railroads more than three times the length of the New York subway system is the key lifeline for Australia’s A$61.3 billion ($44.5 billion) iron ore export industry. So when there’s a derailment in the biggest shipper …

BHP Expects Interruption to Australia Iron Ore Exports After Train Derailment

Mining giant BHP Billiton expects some interruption to its Australian iron ore exports after a nearly 3-km-long train loaded with the commodity was forcibly derailed this week after running away en route to a key shipping hub. BHP said in …

BHP’s Western Australia Iron Ore Train Derailment Will Take Week to Recover

BHP Billiton Ltd. expects to take about a week to recover from the derailment of one of its iron ore trains that’s halted its rail operations in Western Australia, potentially bolstering prices of the steelmaking raw material. The company was …

Amid Floods and Closures, Wisconsin’s Bowling Industry Suffers

Bowling pins topple, teeter, spin and fly. But this summer in Wisconsin, they’ve also been charred by flames and soaked with floodwater, while others are headed into retirement. In July, fire destroyed the Friendship Bar & Bowl in Adams County. …

Small Businesses Hampered by Uninsured Damage After 2017 Hurricanes: Fed Reserve

Small businesses in the United States struggled with uninsured damages and lost revenue following a record-breaking year of hurricanes and wildfires, according to a Federal Reserve survey published on Tuesday. The report by the Dallas, New York, Richmond, and San …

SMEs Underestimate Cyber Risks Which Could Prove ‘Fatal’: Allianz Report

Small- and medium-sized enterprises are waking up to the realities of cyber risks but still underestimate their exposures, which could prove catastrophic for some, according to a report published by Allianz Global Corporate & Specialty (AGCS). For medium-sized companies with …

Cyber Risk Ranks as Most Feared BI Trigger for Global Firms: Allianz

Business interruption (BI) and cyber incidents interlink as the major threat facing companies, according to a report published by Allianz Global Corporate & Specialty (AGCS). Allianz revealed that BI — including supply chain disruption — ranks as the most important …

Cyber Incidents Most Feared BI Trigger for Global Companies: Allianz Risk Report

Business interruption and cyber incidents interlink as the major threat facing companies over the coming year, according to a report published by Allianz Global Corporate & Specialty (AGCS). Allianz revealed that business interruption – including supply chain disruption – ranks …