VOLCANO — As Hawaii Volcanoes National Park continues into its fourth consecutive week of closure, the hospitality industry in the hamlet of Volcano faces unprecedentedly lean times.

Park spokeswoman Jessica Ferracane said the closure of the park, which has gone on for 30 days as of Saturday, has so far cost Hawaii Island more than $12.3 million in visitor spending — park visitors last year spent $455,000 each day at Big Island businesses, not counting park entrance fees.


Since the volcano began erupting last month, images of the eruption of Hawaii’s Kīlauea Volcano have captivated viewers across the United States and around the world. The flow of lava has created remarkable visual images. It has also left a trail of destruction.


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

In today’s market, no growing business can isolate itself from online communications and commerce. Yet avoiding the internet entirely is the only way to guarantee your company will not be exposed to cyber threats. Once a business is online it will always be exposed to some residual risk it cannot feasibly address in a disaster recovery plan, business continuity plan, or through an information security technology solution.


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.

The recently released Allianz Risk Barometer ranked the top business risks for 2018, based on the views of more than 1,900 risk management experts globally. Here, we look at the top three identified business risk for Australia and discuss how they can be effectively managed.

Reinsurance giant Munich Re and low-cost carrier airline easyJet have collaborated to create a new insurance product that is designed to provide business interruption style coverage to airlines when major flight cancellation issues occur.


As the Southern California wildfires blaze on, people in the path of the flames may be making an unlikely wish: that if the damage happens, it happens before the clock strikes midnight on December 31. It's morbid, but practical — because now that the new tax bill has passed, some significant disaster tax deductions will disappear.


Business interruption is the biggest risk facing companies, according to a survey by Allianz Global Corporate & Specialty S.E., while cyber incidents continue to generate growing concern.    

Business interruption is the biggest risk facing companies, according to a survey by Allianz Global Corporate & Specialty S.E., while cyber incidents continue to generate growing concern.



Interruption in manufacture and delivery for vital products can hit all pharmacies hard, in both health systems and the community. The patient is the last link in the supply chain, but pharmacists are a vital connection to ensuring continuity of medications and supplies.


GUAYNABO, P.R. — Miriam Gonzalez stepped outside her shuttered restaurant in this municipality near San Juan and offered an exaggerated grin. “This is my happy face,” Ms. Gonzalez, 52, said, her voice heavy with mockery. “It’s a very happy face. We all have it on.”

The protection of personally identifiable information held on behalf of customers and suppliers continues to be a major source of concern. But for many companies, particularly in the manufacturing sector, the operational risks of a malicious intrusion are at least as great.



(Reuters) — Wineries damaged by wildfires tearing through Northern California are starting insurance claims, and at least some of the smaller vintners are likely to find limits in their policies mean payouts fall short of rebuilding costs.



The Commerce Department moved Friday to impose an 80 percent tariff on Canadian jetliners, siding with U.S. manufacturer Boeing in a case that alleges Canadian jetmaker Bombardier is selling jets in the United States at unfairly low prices.

Wildfires continued to burn through California wine country on Tuesday afternoon. The preliminary numbers, as reported late in the day by the Associated Press, already painted a stark picture: 17 separate fires have hospitalized 100 people, killed at least 15, and destroyed an estimated 2,000 homes and businesses on 115,000 acres across eight counties.



Business interruption risks remain top of mind for risk experts and cyber is quickly climbing up the list, but innovative product and data solutions are providing protection against a wider range of threats and perils and extending insurance coverage from tangible to intangible assets, according to a new report by Swiss Re Institute.


The United States International Trade Commission (ITC) on Thursday sided with American home appliance company Whirlpool (WHR) in its trade complaint against manufacturing rivals, concluding that U.S. washing machine manufacturers are being harmed by unfairly cheap exports from other countries.



Penske Automotive Group, Inc. (NYSE: PAG), an international transportation services company, today provided a preliminary estimate of the impact on its operations in FloridaGeorgiaTexas and Puerto Rico from Hurricanes Irma, Harvey, and Maria.



The U.S. Commerce Department sided with Boeing on Tuesday in the jetmaker’s tense trade dispute with Bombardier, imposing a massive tariff that would more than triple the price of Bombardier’s CSeries jets sold to American airlines and could further erode relations between the U.S. and Canada.


Patients could experience "critical shortages" of key pharmaceuticals, the U.S. Food and Drug Administration is warning after Hurricane Maria brought Puerto Rico's drug manufacturing industry to a standstill.


When disasters occur, we are all emotionally affected. But much of the work of rebuilding, in cities large and small, will fall squarely on the shoulders of an often unrecognized party: the supply chain manager.


A company named Death Wish Coffee Co. with a skull and bones logo announced a recall Tuesday of its 11-oz cans of nitrogen-infused cold brew coffee because they could potentially contain the deadly toxin botulin. The 5-year-old company sells what it calls "the world's strongest coffee."



The complaint, filed by attorneys with The Doss Firm, argues that an estimated 28 million small business operators in the US face special risk of suffering multiple damages arising from the spectacularly wide-ranging data breach first uncovered in early Sept.



One of the hard lessons many small businesses are learning after the devastating impacts of Hurricanes Harvey and Irma is that a disaster plan is essential — even if you think you'll never need to use it.

The global supply chain impact of Hurricane Harvey could be unprecedented, widespread and realized, not only in the near term, but in weeks and months to come, according to Bindiya Vakil, CEO and founder, and Joe Carson, chief strategy officer, of Resilinc, a provider of supply chain risk and resiliency solutions.


VidAngel, a Utah business that caters to customers who want to stream and filter out objectionable content in films and shows, has lost another round in court in a copyright infringement dispute with Disney and three other California entertainment companies.


Hurricane Harvey claim payments will outstrip the National Flood Insurance Program’s cash on hand and current borrowing authority, likely meaning the Federal Emergency Management Agency will need Congress to increase that authority.



A week before Hurricane Harvey walloped Houston, workers for Union Pacific Corp. began moving rail cars out of the railroad’s Englewood switching yard near downtown and brought in enough generators to fill 70 tractor trailers to keep signal systems running.


Harvey is not only disrupting supply chains, transport companies and manufacturers — it's fully shutting them down and exposing them to not only physical and financial harm but also legal risk.



Nearly 275,000 liquid glitter iPhone cases sold at Henri Bendel, Tory Burch and Victoria’s Secret have been recalled after reports that the fluid leaked out and caused skin irritation, blisters and chemical burns.


No company intends to need to pull its products off the shelf or warn customers that they might not have gotten what they intended.

No company intends to need to pull its products off the shelf or warn customers that they might not have gotten what they intended.

In May, one of the biggest landslides on record in California buried a small section of Highway 1 — a famous coastal highway — under 40 feet of rubble. The blockage has devastated the ever-popular Big Sur region, where local businesses, resorts, and retreat centers attract tourists from around the world.

In May, one of the biggest landslides on record in California buried a small section of Highway 1 — a famous coastal highway — under 40 feet of rubble. The blockage has devastated the ever-popular Big Sur region, where local businesses, resorts, and retreat centers attract tourists from around the world.

In May, one of the biggest landslides on record in California buried a small section of Highway 1 — a famous coastal highway — under 40 feet of rubble. The blockage has devastated the ever-popular Big Sur region, where local businesses, resorts, and retreat centers attract tourists from around the world.

The WannaCry worm is still alive. Honda said this week that it was forced to halt production for one day at its Sayama plant near Tokyo after finding the WannaCry ransomware in its computer network.

And it was so hot that dozens of flights have been canceled this week at Phoenix Sky Harbor International Airport. American Airlines alerted its customers over the weekend, offering fee-free changes to upcoming flights that were departing or arriving at Phoenix between 3 and 6 p.m., when temperatures peak.

Texas lawmakers are now on the fast track to restrict policyholders' rights when their insurance companies fail to pay property insurance claims arising out of weather events, such as storms involving heavy winds and hail. Now that the Texas Senate has approved House Bill 1774, Governor Abbott is almost sure to sign it.  Unfortunately, this will unleash unexpected and unpleasant surprises for Texas businesses and other insurance policyholders.

The Arctic is important to Norway. 10 per cent of us live in the Arctic. And most of Norway's territory is in the Arctic - if you include our ocean territory. NATO is important to Norway, and to the Arctic as a region that is vital to security and prosperity. But my topic today will be why the Arctic is not only a regional issue, but a global one. This holds true in particular when it comes to climate change.

A 17-year-old, captive-bred African lanner falcon performing in the 11 a.m. "World of Flight" bird show at the Salt Lake City zoo deviated from its usual routine and landed in — of all places — the wolves' lair, zoo spokeswoman Erica Hansen said Tuesday.

Supply chain risk management has enjoyed a rise in prominence over the past decade as events like Japan’s tsunami, Thailand’s floods and the US west coast port strike have shone a light on the value of resilience. Hot risk factors today include data security, logistics disruptions and trade policy uncertainty.

On Feb. 25, 2017, strong winds ripped through Lancaster County, Pennsylvania. Local reports indicate damage from the storm was around $7 million. Terry Weaver, owner of USA Gypsum, based in the town of Denver in the northern part of the county, estimates $2 million of that damage could be from his drywall recycling facility alone.

Tesla's push to sell its all-electric vehicles in Utah hit another roadblock Monday when the state Supreme Court upheld a decision by Utah licensing officials to deny the automaker a license to sell new cars.

One person died in the blast about 8am at the Loy-Lange Box Co. and two more were killed when a large piece of the van-sized boiler crashed into the Faultless Healthcare Linen building, Fire Chief Dennis Jenkerson said.

 Uber is resuming its self-driving-car pilot programs in Pittsburgh and Arizona beginning Monday afternoon. The programs were temporarily suspended after one of its vehicles was involved in an accident while operating in self-driving mode late Friday night.

The United States again confronts the grim challenge of managing technological advances and their implications for warfare (as it has several times since, from chemical weapons to missiles to drones). Today, cyberweapons are nearly as synonymous with military power as fighter jets. What’s more, as demonstrated by the recent New York Times report on the cyberattacks used to disrupt North Korean ballistic missile tests and the latest WikiLeaks claims about a CIA hacking unit, cyber capabilities are too tempting for governments to refrain from using — even in peacetime.

Millions of gallons of raw sewage and untreated runoff have poured into the United States’ second-largest estuary since a massive sewage treatment plant experienced equipment failures that forced it to stop fully treating Seattle’s waste.

Many of us have already started working on our gardens, but before you decide what to plant, you might want to consider some bee-friendly flowers. Larry Lewis, a public information officer for the Utah Department of Agriculture and Food, said bees are a key part of food production.

Have you thought about what would happen if your business burned down? There will be stock and equipment to replace, repairs to be made, staff to reorganise  and perhaps even customers to refund. With all of this to do, it could take weeks or months before your business is ready to reopen its doors and continue trading. For many small businesses, a lengthy pause in trade can spell bankruptcy. However, there is a way you can protect against interruptions to trade. Business interruption Insurance can help cover your business against loss of profit. In this article, we explain what Business Interruption Insurance is, what it includes, and how to get it.

While this week’s record-setting snowstorm forced several companies to close on Tuesday, some businesses stayed open — including a small advertising agency on South Main Street in Wilkes-Barre.

Smith's comments are in line with a report released Tuesday by Oceana, the international ocean conservation organization, that shows shark-related dives in Florida generated more than $221 million in direct revenue and fueled over 3,700 jobs last year. Oceana's larger point is to damper the market for shark in the United States, which the organization said was $1.03 million enterprise in 2015. In short, Oceana says it's more economical to view sharks than to kill them.

Zaaqi "Zoc" Johnson sensed the  strong winds blowing outside his restaurant, Zoc's Gourmet on Chili Avenue, Wednesday afternoon. He continued to prepare an order of burgers and subs when the power went out.The power was restored late Monday afternoon, just in time for the arrival of the snowstorm. After losing about $2,500 in business and an additional $400 in food that he had to throw out, Johnson is preparing to tighten his finances at home as well as getting some financial help from family.

Preparing for risk is always prudent in procurement, but there seems to be particular urgency for it now, with companies looking for new solutions that suit the modern world. Disruption can happen as the result of slowly changing factors, or it can occur all at once, with the rise of some sort of sudden event that forces new strategies. Either way, the use of strategic sourcing stands to be another key lever for necessary improvement.

It will take up to three months and $50 million for International Paper to recover from the January 22 explosion at their Cantonment mill. The explosion caused significant structural damage to the largest pulp digester and the power house, bringing operations at the mill to a halt for just over a week.

The announcement temporarily puts an end to shippers' fears of an impending port closure (the date of which would have been unveiled this week) and millions of dollars in economic damage. Yet, the issues that sparked the threat and raised business concerns are far from settled, and ILA workers have shown muscle and determination to make their voices heard.

While most Republicans hate the idea of legalizing weed, they say they hate federal government interference even more. That’s why some Republican governors are at a loss for words as to why the White House is threatening to send federal officers to arrest their local marijuana business owners.

Today, we are just beginning to understand the seriousness of an emerging threat to the grid's cybersecurity. As the grid has become more dependent on computers and data-sharing, it has become more responsive to changes in power demand and better at integrating new sources of energy.

The recent emergency efforts to repair the crumbling spillway of California’s Oroville Dam dramatically underscores a critical need for risk managers to focus on infrastructure exposure, industry analysts say.

Many people in Carson City have been feeling the impacts of flooding since the first major rain event in early January. Water has washed away trails, eroded local streets and parks, and impacted the overall infrastructure of the city; but local businesses are feeling the effects of flooding as well.

They report that "Geographic data indicates California has a mega flood about every 100 to 200 years," meaning we could even be overdue for another one — and the relatively minor inconveniences and small number of casualties we've seen as a result of the past six weeks' storms are negligible compared to the massive destruction the state could have in the future, climate change or not.

Malicious viruses, like Stuxnet, explicitly target critical systems that control pumps, motors, valves and programmable logic controllers,” Deloitte warned in its ninth annual mining report.

On Sunday, it culminated in violence when police say a North Carolina man fired an assault rifle inside the Comet Ping Pong restaurant as he attempted to “self-investigate” the conspiracy theory known in the Twitterverse as “Pizzagate.”

So, it seems like "fake news" is all the rage these days. As we've discussed, the sudden focus on fake news is a silly distraction. It's not likely to be changing many minds -- and the talk about fake news seems mostly to be leading to calls for censorship. And a big part of the problem is that "fake news" is such a broad and vague label. It's been applied to outright propaganda, to satire, to serious reporting, to serious reporting people don't like... and to serious, but mistaken, reporting. The problem is that when you lump all those things together, things get pretty damn messy.

When you’re setting up a business, coping with a flood, fire, hurricane or break-in is one of the last things you want to think about. After all, the probability is small, right? And if you operate, say, a consultancy, how much damage could a big storm cause? Like it or not, one of the steps to starting a business is considering what you would do in the event of a disaster.

The U.S. Department of Agriculture (USDA) declared Graham County in southeastern Arizona a primary natural disaster area this week. Huge hail storms smashed into cotton crops in southeastern Arizona, completely destroying acres of farm field.

A large earthquake along the San Andreas fault impacting both northern and southern California simultaneously – once considered impossible – could cause up to 126% more residential property damage than previously thought, according to a new data analysis from CoreLogic, Inc.

Oakland's Mayor Libby Schaaf told business owners vandalized by rioters on Tuesday and Wednesday that, "I want to explain why it seems our police department cannot stop them." She called the rioters anarchists who infiltrated a peaceful demonstration.

A day after Donald Trump's election to the presidency, campaign divisions appeared to widen as many thousands of demonstrators — some with signs with messages declaring "NOT MY PRESIDENT" — flooded streets across the country to protest his surprise triumph.

In l958 a cheesy science-fiction movie scared and amused audiences across the nation. Called The Blob, it featured future superstar Steven McQueen in his first lead role. The poster had the tagline: “Indescribable! Indestructible! Nothing can stop it!”

The Great Salt Lake is largest water body in the United States after the Great Lakes. It is a terminal basin, which means the water that pours into the lake from rivers and streams has no outlet other than evaporation. This allows salts and minerals to concentrate in the lake such that it is three to five times saltier than the ocean. And yet this briny lake is a haven for more than 250 species of migratory birds who feast on the brine shrimp and flies that thrive there.

The benefits of the rail yard proved to be short-lived. In August of this year, a little over a year into operating its new facility, Brink Farms received a cease-and-desist letter from track owner CSX Transportation Inc. restricting the company from using the infrastructure to ship or receive goods.

Currently, American aquaculture is done only in state waters within a few miles of the coast. (Think farmed salmon.) But the government is trying to go further out to sea, into federal waters, to create an offshore aquaculture industry. After NOAA, under both presidents Barack Obama and George W. Bush tried—and failed—to push national aquaculture legislation through Congress, NOAA decided to do an end run around Capitol Hill, creating a controversial aquaculture permitting system in the Gulf of Mexico that promptly drew litigation as well as the ire of fishermen, boaters, and environmentalists.

It’s a dilemma involving the endangered state bird and taro, a symbol and staple for Native Hawaiians and many others. The state of Hawaii is spending up to $500,000 to save its taro farming industry from being consumed by the nene, or Hawaiian goose, Pacific Business News has learned.

Harrisonville firefighters battled a fire in a strip mall just west of 291 Highway and north of 49 Highway. Witnesses reported seeing flames and heavy smoke. The Cass County Sheriff's public information officer said the middle portion of the strip mall, which includes the Dollar Tree, was heavily damaged.

Over a decade has passed since Hurricane Katrina brought destruction to New Orleans and the Gulf Coast, leaving 1,245 dead and $108 billion in property damage. More than a million people were displaced and communities destroyed. The region has come a long way since then, but it will never be the same. Katrina remains the country’s worst natural disaster.

It’s a dilemma involving the endangered state bird and taro, a symbol and staple for Native Hawaiians and many others. The state of Hawaii is spending up to $500,000 to save its taro farming industry from being consumed by the nene, or Hawaiian goose, Pacific Business News has learned.

Four additional Upstate counties have been designated as natural disaster areas by the federal government as a result of this summer’s drought. Jefferson, Lewis, Herkimer, and St. Lawrence counties have been added due to their reported crop losses, bringing the total number of counties in New York State severely impacted by the extreme dry conditions to 51.

In the South, recent catastrophic floods in Louisiana claimed 13 lives and cost $8.7 billion in damages. On the West Coast, major earthquakes rattle the ground with startling regularity—and threaten to do much more. In the Midwest, tornadoes frequently sweep through farmland and communities alike. And every year, hurricanes barrel through the Atlantic Ocean and the Gulf of Mexico.

State Agriculture Commissioner Richard A. Ball recently joined Sen. Patty Ritchie, R-Oswegatchie, members of the USDA’s Farm Service Agency and Cornell Cooperative Extension Jefferson County to tour several farms in Jefferson and Oswego counties impacted by this summer’s drought.The group visited three dairy farms and a Christmas tree farm to assess the drought damage in the region and better understand the outlook and plan for recovery.

Hundreds of miners toiled in Mary Ellen Gulch a century ago, turning mountaintops inside out at the headwaters of American Fork Canyon in search of ore bearing precious metals. Many tons of rock had to be dug and milled to yield a single ounce of gold or silver. Compounds bearing other metals were left behind in big piles that spill below dozens of mine openings here. At the former entrance to Live Yankee Mine, buried to keep out the curious, a stream is discharging 50 or so gallons a minute into a gully that leads into the North Fork of the American Fork River.

The Great Salt Lake is drying up, thanks to 150 years of human diversions from the rivers that feed it. That’s the takeaway of a white paper released by a team of Utah biologists and engineers. And if those diversions continue ramping up, as a bill working its way through the Utah legislature proposes, the waterbody may face a withering fate similar to other dried-up salt lakes around the world.

An increase in the insurance policy for Helena Regional Airport is prompting Airport Authority commissioners to consider options and re-evaluate coverage for earthquake-related damage.


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