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

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.

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/

Climate change, extreme weather boost supply chain risks

SOUTHAMPTON, Bermuda — Climate risks are directly connected to supply chain risks that should be identified and mitigated as extreme weather events continue to become more severe and intense and cause rising business interruption losses, experts say.

http://www.businessinsurance.com/article/20180613/NEWS06/912321991/Climate-change-extreme-weather-boost-supply-chain-risks

Ormat taking steps to secure Hawaii geothermal plant in light of lava flows nearby

In a release yesterday evening, Ormat Technologies Inc. provided an update on the Puna geothermal power plant located about 15 miles away from the Kilauea volcano, which erupted on May 3, 2018 and which continues to erupt and flow lava.

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

Dive Brief:

https://www.supplychaindive.com/news/ford-meridian-lightweight-technologies-fire-temporary-layoffs/523259/

Atlanta airport takes precautions after a cyberattack on the city

A spokesman says Atlanta's airport has taken down its Wi-Fi network and disabled parts of its website "out of an abundance of caution" following a ransomware cyberattack on the city's computer network.

https://www.cnbc.com/2018/03/23/atlanta-airport-takes-precautions-after-a-cyberattack-on-the-city.html

Expedia subsidiary Orbitz hit in cyber attack

Orbitz, a subsidiary of online travel agency Expedia said on Tuesday that hackers may have accessed personal information from about 880,000 payment cards.

https://www.cio.com.au/article/635020/expedia-subsidiary-orbitz-hit-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.

https://www.maritimeprofessional.com/news/natural-catastrophes-dominate-2018-marine-314521