Whether it's a feature article on our groundbreaking research or an interview with one of our industry leaders, FM Global is frequently in the news. From here, you can read recent news reports and informative articles written by or featuring commentary from company experts.
US mutual insurer FM Global says eligible policyholders will collectively receive about $US600 million ($820 million) in membership credit when they renew their cover next year.
The membership credit an eligible policyholder receives will be based on their premium and tenure and applied as an offset against premium at a client’s renewal or anniversary date.
A few clients have been policyholders since the late 1800s, the business says.
“Despite a world facing increasing risks and the continuing challenges of the COVID-19 pandemic, our policyholders’ proactive approach to property risk improvement continues to contribute to their resilience and their ability to mitigate losses,” Chairman and CEO Thomas A. Lawson said.
“As a mutual insurance company, the membership credit is one way we recognise our client-owners for making a strategic decision to choose resilience.”
The business says in the past 12 months, clients completed over 50,000 of its engineering-driven risk improvement recommendations, resulting in approximately $US700 billion ($957 billion) of loss exposures mitigated.
When an unexpected event derails your business, you must be ready to bounce back. That’s resilience. Our guest, from Germany’s acclaimed Fraunhofer Society, proposes doing even better: bouncing forward and emerging from crisis better than you started.
Markets are increasingly willing to punish businesses that mismanage climate-related risks, according to FM Global-commissioned research conducted by Pentland Analytics.
Pankaj Thareja speaks to Strategic Risk APAC (on page 10) to discuss cyber vulnerability in the modern age and how resilience is a choice when it comes to protecting critical infrastructure
Michael Stuckings sat down with Insurance Business NZ to discuss the science behind the Earthquake Map data, and what makes it an essential tool for risk managers globally
Michael Stuckings speaks to Insurance Business Australia about the business benefits associated with proactively managing climate risk, and discusses the actionable strategies organisations can implement to help minimise climate related risk
FM Global Australia Operations Manager Lynette Schultheis sits down with Insurance News to unpack the 2021 Resilience Index to discuss Australia's ranking
