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/
Shares in retail group McColl’s fall 16% on supply chain disruption
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.
Profiles in Risk – E88: The Captive Insurance Market With Van Carlson, CEO of Strategic Risk Alternatives
Climate change, extreme weather boost supply chain risks
Ormat taking steps to secure Hawaii geothermal plant in light of lava flows nearby
Fire at Ford suppliers plant disrupts best-selling F-150, temporary layoffs expected
- Ford said it may temporarily lay off several thousand workers due to a fire which damaged a parts supplier last week. The Dearborn, Michigan plant will run out of inventory this week, leading to a halt in production, The Wall Street Journal reported.
Atlanta airport takes precautions after a cyberattack on the city
Expedia subsidiary Orbitz hit in cyber attack
Natural Catastrophes Dominate 2018 Marine Risk Landscape
Business interruption (BI) and cyber incidents interlink as the major threat for companies globally in 2018, according to the insight of 1,911 risk experts from 80 countries in the Allianz Risk Barometer 2018. However, for marine and shipping companies, natural catastrophes (34 percent), including storm, floods and earthquakes, takes the top spot – up from number four in 2017. BI tied with cyber incidents (31 percent), for the second spot followed by theft/fraud/corruption (27 percent) and fire/explosion (25 percent) to round out the top five business risks in the maritime sector for 2018. These incidents illustrate the complex nature of insurance risks as most are closely intertwined in complex loss cases.