Why Putting a Price on Reputational Damage Is So Hard — But Totally Worth It

According to the Reputation Institute — which monitors and ranks the reputation of 7,000 major organizations globally — intangible factors account for 81 percent of a public company’s market value, and improvement or deterioration in a company’s reputation has a tangible impact on performance.

Read the full article here: http://riskandinsurance.com/putting-a-price-on-reputational-damage/

CVS nasal spray recall: Sinus relief product may cause deadly infection

A nasal spray sold under the CVS Health brand is being recalled because it may lead to life-threatening infections for certain patients, according to the Food and Drug Administration.

https://www.usatoday.com/story/money/2018/08/10/cvs-health-nasal-mist-spray-recall/956355002/

The $289-million verdict against Monsanto doesn’t prove Roundup causes cancer

The agrochemical giant Monsanto has been ordered to pay $289 million to a former US school groundskeeper who was exposed frequently on the job to the Monsanto product Roundup, the most widely used herbicide in the world, and developed terminal cancer.

https://qz.com/1354075/monsanto-ordered-to-pay-289-million-in-roundup-case/

Dixons Carphone says 10 million accounts may have been hacked

(Reuters) — Some 10 million Dixons Carphone records containing personal data may have been accessed in a 2017 cyber attack, the British electronics and mobile phone retailer said on Tuesday, boosting an earlier estimate of 1.2 million.

It was the second major cyber attack in three years on the company, which has about 22 million customers in the U.K. and Ireland. It apologized to customers on Tuesday and said that an investigation into the hacks was nearly complete.

Keep Reading Article

OSHA cites grain bin operator after fatalities

The U.S. Occupational Safety and Health Administration has cited Wichita, Kansas-based Gavilon Grain L.L.C. after two workers were fatally buried in a soybean storage bin.

According to media reports of the Jan. 2 incident, two men were buried under at least 20 feet of grain in a concrete grain elevator for nearly two hours.

https://www.businessinsurance.com/article/20180731/NEWS08/912323017/OSHA-cites-Kansas-grain-bin-operator-Gavilon-Grain-after-fatalities?utm_campaign=BI20180731BreakingNewsAlert&utm_medium=email&utm_source=ActiveCampaign&utm_campaign=BI20180731BreakingNewsAlert&utm_medium=email&utm_source=ActiveCampaign

Shares in retail group McColl’s fall 16% on supply chain disruption

Shares in convenience store chain McColl’s fell 16 per cent on Monday to their lowest point in 18 months, after the group reported lower sales following the collapse of one if its suppliers last year.

https://www.ft.com/content/122609ae-8e4c-11e8-bb8f-a6a2f7bca546

 

Cyber and climate risks, human error threaten shipping: Allianz

While large shipping losses have declined 38% over the past decade, a report by Allianz Global Corporate & Specialty S.E. released on Wednesday warned that the industry faces such threats as cyber attacks, climate risks and human error.

Pepperidge Farm Recalls Goldfish Crackers Amid Salmonella Scare

The snack that smiles back is at the center of some frown-worthy news.

Pepperidge Farm announced a voluntary recall of four varieties of Goldfish crackers in a press release on Monday.

An ingredient supplier notified Pepperidge Farm that a whey powder used in the crackers' seasoning might be contaminated with salmonella bacteria, according to the release.

https://www.npr.org/2018/07/24/631860777/goldfish-recalled-due-to-salmonella-scare

Cyber attacks caused US$72 bln losses for S. Korea firms in 2017: Microsoft

SEOUL, June 18 (Yonhap) -- The South Korean branch of U.S. tech giant Microsoft Corp. released a report on Monday which claimed cyber attacks caused direct and indirect losses of US$72 billion last year for local companies.

http://english.yonhapnews.co.kr/news/2018/06/18/0200000000AEN20180618005600320.html

Profiles in Risk – E88: The Captive Insurance Market With Van Carlson, CEO of Strategic Risk Alternatives

I’ve been enamored with captive insurance for most of my insurance career. The ability of insureds to get tax benefits for self-insuring exposure solves a lot of problems when they are unable to 1. acquire insurance for their exposure (dangerous product or industry) or 2. are unable to acquire insurance at a reasonable premium (hard market or misunderstood exposure). In this episode, I discuss all things captive with Van Carlson of Strategic Risk Alternatives.

https://insnerds.com/profiles-in-risk-e88-the-captive-insurance-market-with-van-carlson-ceo-of-strategic-risk-alternatives/