In the News

During the past five years, fire has accounted for 27 per cent of all losses on mine sites. But as with most other risks, fire losses may be preventable if mine operators take a few simple steps.

The shift to automation is all about reducing costs and time to market in a highly competitive industry. But poorly understood and managed risks threaten to send these advantages up in smoke.

Risk managers must strike a balance that delivers effective mitigation without unnecessarily increasing costs or limiting storage potential, as this would negate the purpose of shifting to automation in the first place.

FM Global uses its extensive track record and specialist insurance model to help reduce bushing failure risk. Along the way FM Global has uncovered some key trends and best practices that can help manufacturers reduce bushing-related downtime and loss.

With up to five tropical cyclones threatening the Queensland coast each year FM Global believes the proliferation of commercial solar farms across the Sunshine State is a disaster waiting to happen.

Paul May, Operations Engineering Manager at FM Global Australia, urges risk managers across the Asia-Pacific region to develop a practical plan in the event of a catastrophic flood.

All manufacturers should have an appropriate asset maintenance program. FM Global division engineering manager Paul May explains how developing one is as much about culture as technology.

Following the release of a whitepaper from FM Global, which revealed CFOs are increasingly being held accountable for not properly addressing the risks posed by natural hazards, StrategicRISK sat down with Michael Stuckings, Operations Chief Engineer at FM Global Australia to find out what this means for risk managers.

When natural disaster catches a company under-prepared, the chief financial officer is increasingly on the hot seat to break the bad financial news to shareholders and investors.

It’s impossible to mitigate all of the risks in your supply chain but there are lots of ways to minimise your exposure.