manufacturing insurance News

How Faulty Parts at Boeing’s 787 Jets Flew Below the Radar in Italy

On a Saturday morning in May, 2020, Italian police officers caught two men pouring chemical waste into the sewers in the southern port city of Brindisi, near a small plane components factory. Five years on, that routine pollution case has …

Italian Prosecutors Accuse 7 People, 2 Firms Over Flawed Boeing Plane Parts

Italian prosecutors on Saturday accused seven people and two sub-contractors of crimes including fraud and breaching airplane safety rules following an investigation into suspected flawed parts produced by an Italian company for Boeing. The prosecutors launched their investigation in late …

Prosecutors Say Italian Supplier Produced 4,000 Flawed Parts for Boeing Over 5 Years

MILAN – An Italian supplier at the center of recent industrial snags on the 787 Dreamliner airplane produced more than 4,000 non-compliant parts destined for Boeing Co. over five years, a preliminary report from Italian prosecutors shows. Initial results of …

HDI Launches Cyber Coverage for Manufacturing Companies

International insurer HDI Global Insurance Company (HDI) has introduced a new cyber product, Cyber+ Smart, designed to support the manufacturing sector. Cyber+ Smart is designed for U.S. enterprises with annual revenues of up to $350 million. Coverage is provided on …

Strong Growth in U.S. Manufacturing Brings Supply Chain, Other Challenges: Travelers

Manufacturing in the United States is in a growth phase, according to a survey by Travelers Insurance that found nearly three out of four executives in the manufacturing sector have either expanded their products or services in the past year, …

Commercial Lines Rates Up 5% in November: MarketScout

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, by coverage classification, property, excess liability, general …