Marsh and Munich Re have launched non-damage business interruption insurance (NDBI) product that combines risk transfer and consulting services to assist life sciences companies in managing the impact of regulatory actions imposed by the U.S. Food and Drug Administration (FDA). …
Marsh, a global insurance broker, risk manager and a wholly owned subsidiary of Marsh & McLennan Cos., has launched a new cyber insurance policy that provides catastrophic protection for large companies seeking to better manage the growing threat of a …
A judge has refused to order an immediate halt to production of the internationally popular hot sauce Sriracha at a Southern California factory that local residents say is stinking up their neighborhoods with pepper and garlic fumes. In rejecting the …
The difficulty many businesses had reopening after Superstorm Sandy is a reminder of the importance of having a disaster recovery plan and the right type and amount of insurance, according to the Insurance Information Institute (I.I.I.). The I.I.I. notes that …
At the time of this writing, the federal government is in a partial shutdown. Essential functions are operating, but certain areas such as national parks are completely closed. While this partial shutdown does not threaten the validity of federal debt, …
Drawing off the massive flooding in Colorado and Naval shipyard shootings in Washington, D.C., the second in a series of webinars being put on for National Preparedness Month focused on unforeseen crises as examples of the need for organizations to …
The developers of a Hollywood skyscraper have agreed to dig a trench to determine whether an earthquake fault runs beneath the site slated for the project. The Los Angeles Times reported that New York-based Millennium Partners will dig at the …
President Barack Obama’s declaration that the Boston Marathon bombings were an act of terrorism could make it difficult for many affected businesses to be reimbursed for losses resulting from the explosions. Federal law enacted after the 9/11 terrorist attacks requires …
There are a number of issues involved in determining whether the Boston bombings tragedy would be considered a terrorist act for insurance purposes such as determining the applicability of terrorism exclusions and terrorism coverage. The matter is not clear-cut and …
Among small business owners in New York, New Jersey and Connecticut who were impacted by Superstorm Sandy, some 71 percent of them experienced power outage after Sandy, which led to temporary disruptions in business operations in many cases, according to …
